Introduction:
Leading infrastructure EPC company has secured ₹1,073 crores in new orders across diverse sectors, including T&D, civil, transportation, and cables. These contracts enhance its robust order book and signify strong growth and operational prospects.
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Share price movement of KEC International:
On December 30, 2024, KEC International opened at ₹1,150.10, down 0.52% from its previous close of ₹1,156.10. The stock reached a high of ₹1,214.25 (5.04%) and a low of ₹1,150.10. By 4:00 PM, it traded at ₹1,197.85, a 3.61% increase, with a market cap of ₹31,886.77 crore.
KEC International Secures ₹1,073 Crore:
KEC International Ltd., a global infrastructure EPC major under the RPG Group, announced securing new orders worth ₹1,073 crores. These orders span transmission and distribution (T&D), civil, transportation, and cable businesses, showcasing its expertise and market reach.
T&D segment secured projects in the Middle East and SAARC regions, bolstering its international and domestic presence. Additionally, the company received its first order for a passenger ropeway in Northeast India, alongside industrial orders and diverse cable contracts globally.
These wins raise KEC’s year-to-date (YTD) order intake to over ₹18,400 crores, a 60% increase from last year, with a robust order book and pipeline exceeding ₹40,000 crores. The company remains optimistic about sustained growth and operational visibility in upcoming quarters.
Recent news on KEC International:
As of December 30, 2024, KEC International executed a ₹125 crore slump sale agreement to transfer its cables business to its subsidiary, KEC Asian Cables Ltd. This move aims to streamline operations and enhance capital allocation efficiency.
Stock performance of KEC International for Period of 1 week, 6 months and 1 year:
Over the past week, the company’s stock declined by 5.34%. However, it showcased strong long-term performance with a 25.4% gain in six months and an impressive 96.1% growth over the past year.
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Shareholding pattern of KEC International:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 50.10% | 51.90% | 51.90% |
| FII | 13.60% | 12.70% | 12.50% |
| DII | 26.30% | 25.30% | 25.80% |
| Public | 10.00% | 10.20% | 9.80% |
About KEC International:
KEC International Limited (NSE: KEC) is a global infrastructure EPC leader, operating across Power Transmission, Civil, Railways, Urban Infrastructure, Renewables, and more. With projects in 30+ countries, it represents the flagship company 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.
