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Infra stock jumps 5% after it receives order worth ₹1,704 Cr from Power Grid

Infra stock wins ₹1,704 crore orders for 765 kV Transmission Lines and GIS Substations, boosting YTD order intake to ₹16,300 crores with 60% growth, reaffirming its infrastructure leadership.
Infra stock secures ₹1,704 crore PGCIL orders, achieving 60% YTD growth and strengthening infrastructure leadership.
Infra stock secures ₹1,704 crore PGCIL orders, achieving 60% YTD growth and strengthening infrastructure leadership.

Introduction:

Infra stock secures ₹1,704 crore turnkey orders for 765 kV Transmission Lines and GIS Substations from PGCIL. With a robust YTD order intake of ₹16,300 crores, reflecting 60% growth, it reinforces leadership in the infrastructure and Transmission & Distribution sector.

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Share Price movement of KEC International Ltd:

KEC International Ltd’s (NSE : KEC) share price surged 3.54% to ₹1,059.25, with a high of ₹1,094.70 and a low of ₹1,045.85. The stock opened at ₹1,059.85, against a previous close of ₹1,023.05. Its total market capitalization now stands at ₹28,197.24 crore.

KEC International Ltd New Order:

KEC International Ltd., a leading infrastructure EPC firm and part of the RPG Group, announced securing significant turnkey orders worth ₹1,704 crores. These include 765 kV Transmission Lines and GIS Substations from Power Grid Corporation of India Limited (PGCIL).

MD & CEO Vimal Kejriwal expressed enthusiasm over the steady order inflow in the Transmission & Distribution (T&D) sector. The recent PGCIL orders have bolstered their T&D order book, showcasing robust demand and continued growth opportunities in this segment.

With the addition of these orders, KEC International’s year-to-date (YTD) order intake has reached ₹16,300 crores, marking a remarkable growth of over 60% compared to last year, further solidifying its leadership in the infrastructure and T&D domain.

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Recent news About KEC International Ltd:

On November 25, 2024, KEC International Ltd. announced new orders totaling ₹1,114 crores across various business segments, further enhancing its diversified portfolio and reinforcing its position in the infrastructure sector.

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

KEC International Ltd has delivered impressive stock performance, gaining 3.13% over the past week, 38.5% over six months, and an outstanding 76.3% over one year, reflecting consistent growth and strong investor confidence in its operational and financial achievements during these periods.

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Shareholding pattern of KEC International Ltd:

All values in %Sep-24Jun-24Mar-24
Promoters50.151.8851.88
FII13.612.6612.45
DII26.3325.2925.84
Retail & others9.9710.169.83
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About KEC International Ltd:

KEC International Ltd, part of the RPG Group, is a global infrastructure EPC leader specializing in power transmission, distribution, railways, and civil construction. It operates across multiple countries, delivering innovative solutions and contributing to large-scale infrastructure development projects worldwide.

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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