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Stock jumps 7% after receiving order worth ₹1,267 Cr from Power Grid Corporation and others

News by Aliceblue News Desk

17 Mar 2025

Stock jumps 7% after receiving order worth ₹1,267 Cr from Power Grid Corporation and others

Introduction:

Leading infrastructure EPC firm has secured new orders worth ₹1,267 crore across multiple segments. The contracts include major transmission and distribution projects in India and the Americas, along with supply orders for cables, conductors, and transmission equipment, strengthening its global presence.

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Share price movement of KEC International:

On March 17, 2025, KEC International Ltd opened at ₹681.05, up 1.29% from its previous close of ₹672.40. The stock reached a high of ₹721.75 (7.34%) and a low of ₹674.00. By 11:02 AM, it traded at ₹711.70, a 5.84% increase, with a market cap of ₹18,945.45 crore.

KEC International Secures ₹1,267 Crore Orders Across Multiple Businesses:

KEC International Ltd., a leading infrastructure EPC firm under the RPG Group, has secured new orders worth ₹1,267 crore across its business segments. The major orders include transmission and distribution (T&D) projects in India and the Americas.

The company received notable orders for 800 kV HVDC and 765 kV transmission lines from Power Grid Corporation of India Limited (PGCIL). Additionally, it secured supply contracts for transmission towers, hardware, and poles in the Americas, strengthening its global presence in the sector.

KEC International’s cables business has also secured contracts for supplying various types of cables and conductors in India and overseas. These new orders reaffirm the company’s strong market position and its commitment to delivering large-scale infrastructure projects worldwide.

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Recent news on KEC International:

As of February 04, 2025, KEC International Ltd. reported a 34% rise in net profit to ₹130 crore in Q3 FY25, with revenue increasing 7% YoY to ₹5,349 crore. EBITDA improved 22%, while order intake surged over 70% YoY.

Stock performance of KEC International for Period of 1 week, 6 months, and 1 year:

KEC International Ltd’s stock declined by 3.82% over the past week and dropped significantly by 34.0% in six months. However, on a yearly basis, it managed a slight gain of 0.90%, indicating a mixed performance with long-term stability.

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Shareholding pattern of KEC International:

ParticularsDec 2024Sep 2024Jun 2024
Promoter50.10%50.10%50.10%
FII15.20%13.60%13.10%
DII25%26%26.70%
Public9.80%10.00%10.00%
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About KEC International:

KEC International Ltd. (NSE: KEC) is a global EPC leader operating in power transmission, civil, transportation, renewables, oil & gas, and cables. With projects in 30+ countries, it has a presence in 110+ nations as part of the RPG Group.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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