17 Mar , 2025 By : Debdeep Gupta
KEC International's share price rose more than 6 percent intraday on March 17 after the company secured new orders of Rs 1,267 crore across its various business segments.
At 10:06 am, KEC International was quoting at Rs 717, up Rs 44.60, or 6.63 percent, on the BSE.
The Transmission & Distribution (T&D) business has secured NOAs/ Comfort letters for T&D projects in India and the Americas including 800 kV HVDC & 765 kV Transmission line orders, from Power Grid Corporation of India (PGCIL) and supply of towers, hardware, and poles in Americas.
The Cables business has secured orders for the supply of various types of cables and conductors in India and overseas.
“We are delighted with the substantial orders secured in our T&D business, particularly in the prestigious HVDC and 765 kV segments from PGCIL for green energy evacuation. These wins have further strengthened our T&D order book in India," said Vimal Kejriwal, MD & CEO, of KEC International.
"We have a strong positive outlook on the growth of India’s T&D market, fueled by the nation’s rising energy needs and the government’s unwavering drive to enhance renewable power capacity and transmission infrastructure. With these new orders, our YTD order intake stands at over Rs. 23,300 crores, a growth of 35% vis-à-vis last year,” he added.
In January 27, the company secured new orders of Rs 1,445 crore for transmission & distribution (T&D) projects in India for ± 800 kV HVDC & 400 kV transmission line orders, from Power Grid Corporation of India (PGCIL).
Also, won orders of Rs 1,136 crores across its various businesses, including a 765 kV Transmission line project from Power Grid Corporation of India, and the Oil & Gas Pipelines business has secured a design, supply, and build order for pipeline and associated works from a leading PSU in India.
The share touched a 52-week high of Rs 1,312.00 and a 52-week low of Rs 648.45 on 04 December 2024 and 03 March 2025, respectively.
Currently, the stock is trading 45.35 percent below its 52-week high and 10.57 percent above its 52-week low.
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