© Reuters.
KEC International Ltd. has experienced a spike in share value to ₹611.25 today after the company announced an order influx of ₹1,005 crore. Vimal Kejriwal, the CEO and Managing Director, highlighted the significance of these new orders, stating they have contributed to a year-to-date (YTD) order accumulation of approximately ₹10,000 crores.
The recent orders include projects in the railways sector, where KEC International has secured overhead electrification (OHE) projects. Additionally, a substantial cabling contract was finalized with a global steel producer, further expanding the company’s diverse portfolio.
This latest development follows a series of successful order acquisitions by KEC International over the past few months. In October, the company amassed orders totaling ₹1,315 crore across various business sectors. A month earlier, in September, KEC secured a significant turnkey project in Saudi Arabia valued at ₹1,145 crore.
The company’s robust order book is reflected in its stable financial performance. KEC International’s third-quarter results displayed a net profit of ₹55.83 crore (INR100 crore = approx. USD12 million). The steady flow of new projects and consistent financial results underscore KEC International’s strong standing in the infrastructure sector and its ability to attract diverse and lucrative contracts globally.
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