KEC announced new order wins of Rs 1,520 crore

KEC International (KEC) is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Railways, Solar, Civil, Smart Infrastructure  and Cables. The Company is currently executing infrastructure projects in 30 countries and has a footprint in  100+ countries (includes EPC & Supply). It is the flagship Company of the RPG Group.

The Company has a market cap of about Rs 7,500 crore and trades at a trailing P/E multiple of 14 times.

On Saturday, KEC announced that it has secured new orders of Rs 1,520 crore.

  • Rs. 964 crore for the construction of elevated viaduct along with 8 stations of the Delhi Metro Phase IV project, from Delhi Metro Rail Corporation (DMRC)
  •  Rs. 391 crore for construction of 400 kV Transmission lines in Nepal
  • Rs. 165 crore for construction of Road Over Bridges (ROBs) in Western India

Mr. Vimal Kejriwal, MD & CEO KEC International Ltd. commented, “We are pleased with the new order  wins, especially the second order win from DMRC. This order enables us to strengthen our presence in the  urban transport sector. With the international orders secured in T&D and the domestic orders announced  earlier during the year, we are seeing traction in our core T&D business. The order wins in Nepal will  consolidate our leadership position in the SAARC T&D market.”

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Nitin Jain

A finance professional with around 20 years of investing experience in Indian markets both on buy and sell side, equity and debt, private and public with some of the best organizations globally including Goldman Sachs, ICICI Group, ICRA and others. He is a All India Silver Medalist CA by qualification.