KEC International’s share price witnessed a significant surge, climbing by 7.5% during Thursday’s trading session on the Bombay Stock Exchange (BSE). The jump was attributed to the announcement of new Transmission and Distribution (T&D) orders worth ₹1,171 crore from the Middle East. The company’s stock opened at ₹897.85, a slight increase from the previous day’s closing price of ₹867.30. It reached an intraday high of ₹935.65, marking a substantial gain of 7.5%.
In a formal release, KEC International, a key player in the infrastructure Engineering, Procurement, and Construction (EPC) sector and part of the RPG Group, confirmed the acquisition of significant new orders in its T&D business. These include a 400 kV transmission line in the United Arab Emirates (UAE) and a 380 kV transmission line in Saudi Arabia. This order inflow has bolstered the company’s standing in the Middle East market, where it has been steadily expanding its footprint.
Vimal Kejriwal, Managing Director and CEO of KEC International, expressed his optimism about the company’s performance and growth prospects. “With these orders, our year-to-date order intake stands at ₹10,000 crore, reflecting an impressive growth of 80% compared to last year,” Kejriwal noted. He emphasized that the continuous inflow of substantial orders, particularly from the Middle East, strengthens confidence in the company’s ability to achieve its targeted growth. Kejriwal added, “We are delighted with the ongoing success in our T&D business, highlighted by a series of significant order wins. The sustained inflow of orders in the Middle East has substantially expanded our international T&D order book.”
KEC International’s share price has demonstrated robust performance over recent trading sessions, gaining approximately 13% over the last five days. The recent order inflows, announced on Wednesday and Friday, have significantly contributed to this upward trajectory.
In addition to the new orders announced on Thursday, KEC International recently secured contracts worth ₹1,079 crore across its T&D and Cables businesses. The T&D segment saw orders from India, the Middle East, and the Americas. This included orders for 765 kV and 400 kV transmission lines from a reputed private developer in India and orders for 230/132 kV transmission lines in Saudi Arabia and Oman. The company also received an upgrade order for an existing 400 kV transmission line in the UAE and orders for the supply of towers, hardware, and poles in the Americas.
The continued success in securing substantial orders both domestically and internationally underscores KEC International’s strong market position and its capability to execute large-scale infrastructure projects efficiently.
