A global infrastructure EPC has secured significant new orders in India’s critical Transmission and Distribution (T&D) sector. The company has announced a prestigious turnkey order worth Rs. 1,704 crore from the Power Grid Corporation of India Limited (PGCIL). This order encompasses the design, supply, and installation of 765 kV Transmission lines and GIS substations, further strengthening the company’s foothold in the T&D segment.
Share Price Movement
The share price of KEC International Limited went up by 4.44 percent to Rs. 1,068.5 per share on Thursday, an increase from its previous close of Rs. 1,023.05 per share. The market capitalisation now stands at approximately Rs. 28,443 crore as of November 28, 2024.
What Happened
KEC International Ltd., a global infrastructure EPC major of the RPG Group, has secured prestigious turnkey orders of Rs. 1,704 crores in India’s Transmission & Distribution (T&D) business for the design, supply, and installation of 765 kV transmission lines and GIS substations from Power Grid Corporation of India Limited (PGCIL).
The company’s MD & CEO, Mr. Vimal Kejriwal, commented that these orders have further strengthened their India T&D order book, reaffirming their confidence in the continued strong growth of this business, with their YTD order intake now standing at Rs. 16,300 crores, reflecting an impressive growth of over 60% compared to last year.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, KEC International’s consolidated revenue from operations has increased by 13.6 percent YOY from Rs. 4,499 crore in Q2 FY24 to Rs. 5,113 crore in Q2 FY25 and increased by 13.32 percent QoQ from Rs. 4,512 crore in Q4 FY24.
The company’s consolidated net profit has increased by 51.7 percent, from Rs. 56 crore in Q2 FY24 to Rs. 85 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has decreased by 3.4 percent QoQ from Rs. 88 crore.
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Market Outlook
India needs to enhance its infrastructure to reach its 2025 economic growth target of $5 trillion. The government is investing significantly in infrastructure projects like roads, railways, aviation, and waterways to support population growth and economic development.
The government is also establishing specialised investment funds and platforms to facilitate investments across multiple infrastructure sectors. Overall, the focus on improving infrastructure is expected to have a multiplier effect on demand, efficiency of transportation, and entrepreneurship opportunities in India.
Shareholding Pattern
As of the November 2024 shareholding pattern, KEC International Limited is primarily held by the promoters at 50.1 percent, domestic institutional investors hold 26.33 percent, and the public with 9.97 percent.
About Company
KEC International Ltd, a subsidiary of RPG Enterprises, has emerged as a global leader in engineering, procurement, and construction (EPC). Headquartered in Mumbai, India, the company operates across more than 110 countries, providing infrastructure solutions in Asia, the Middle East, Africa, Europe, Oceania, and the Americas. With decades of expertise, KEC has built a reputation for excellence in transforming infrastructure landscapes globally.
The company offers an extensive range of services, including EPC solutions for infrastructure projects, civil engineering, and manufacturing. It produces lattice towers, power cables and telecom cables at plants in India, Brazil, Mexico, and the UAE. KEC recently secured contracts worth INR 11,140 million, showcasing its consistent project pipeline and market leadership. Employing over 9,000 professionals from 35 nationalities, KEC thrives on a diverse workforce.
Under the leadership of CEO Vimal Kejriwal and Chairman Harsh Vardhan Goenka, KEC has achieved remarkable financial growth and expanded its global footprint. Competing with industry giants like Larsen & Toubro, KEC’s specialised focus and strategic initiatives ensure its continued success in shaping the future of infrastructure worldwide.
Written By Fazal Ul Vahab C H
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