KEC International's shares experienced a 2% increase to Rs 1,064 on November 26 due to the announcement of new orders worth Rs 1,114 crore for Q2FY25.
These orders were obtained in various segments, including transmission and distribution (T&D), civil, railways, and cable. Notable projects include a 400 kV transmission line project in Oman and supply orders for towers and hardware in the Americas. In the civil sector, KEC International secured contracts for industrial projects within India, while their railways division obtained a Metro Overhead Electrification project. The cable business also received orders for various cable types from both domestic and international clients.
Vimal Kejriwal, MD and CEO, expressed confidence in the diverse orders, emphasizing that they have strengthened the company's position in the Middle East. Year-to-date, KEC's order intake has reached Rs 14,600 crore, representing a significant 50% growth compared to the previous year.