KEC International Share gets a deal worth 1,267 crore

Indian multinational company KEC International has secured a range of contracts worth RS 1,267 crore across different businesses. With this deal, the company’s YTD order intake has surpassed the RS 23,300 crore mark, almost 35% more than the previous year. As per the regulatory filed on 15th March, the company has orders to deliver different kinds of cables and conductors in India and a few foreign countries. On the other hand, their Transmission and Distribution segment has received a Comfort Letter and Notification of Awards for various Indian and abroad projects.

KEC gets a deal to supply towers, poles, and hardware in USA

It consists of a deal to supply towers, poles, and hardware in various parts of the Americas. Also, the Power Grid Corporation of India has awarded transmission line orders of 800 kV HVDC and 765 kV. While interacting with the media, the company’s MD and CEO, Vimal Kejriwal looked delighted after receiving these orders in the transmission and distribution industry. He states high optimism about KEC International’s prospects and looks forward to being part of green energy evacuation. Their T&D order book has significantly boosted the company’s position in the Indian market. Previously, the company stuck a fresh deal with the worth of RS 1,445 crore from the PGCIL, including 800 kV HVDC and 400 kV transmission projects. That’s not all; their order book has further strengthened with the deal of multiple orders worth RS 1,136 crore across various segments. It includes building a pipeline for a leading PSU and a 765 kV transmission line project for the PGCIL.

To wrap us

The share of the company rises nearly 7% to an intra-day level of RS 717.35 with this announcement. Although it is almost 45% lower than the record level made in December 2024, the multiple deals in the past few months have shown signs of recovery. If we talk about the stock’s long-term returns, the stock has climbed nearly 47% in the past two years. On the other hand, they have given multi-bagger returns of 700% in the past decade. It shows the investors can expect a multi bagger returns in the future from Indian stock market.