Shares of KEC International Ltd experienced a notable surge of nearly 7% on March 17, following the announcement of new contracts totaling ₹1,267 crore across various business sectors. This significant influx of orders not only reinforces KEC’s stature in the infrastructure and energy transmission industries but also highlights the company’s ability to secure major projects in an increasingly competitive market.

Major Contracts Boosting KEC’s Portfolio

The company’s Transmission & Distribution (T&D) division received several Notification of Awards (NOAs) and a Comfort Letter for substantial projects both in India and the Americas. Key contracts include:

• 800 kV HVDC transmission line orders from Power Grid Corporation of India (PGCIL)
• 765 kV transmission line projects
• Supply agreements for towers, hardware, and poles in the Americas

In addition, KEC’s Cables division has been awarded contracts for various types of cables and conductors, catering to both domestic and international markets.

Positive Outlook from Leadership

Vimal Kejriwal, Managing Director and CEO of KEC International, expressed enthusiasm regarding the company’s future. He stated, “We are thrilled with the significant orders acquired in our T&D sector, especially the prestigious HVDC and 765 kV projects from PGCIL aimed at promoting green energy. These accomplishments have greatly enhanced our T&D order book in India. Given the country’s growing energy demand and the government’s commitment to boosting renewable power infrastructure, we have an optimistic outlook on the T&D market’s expansion. Our year-to-date order intake has exceeded ₹23,300 crore, marking a 35% growth compared to the previous year.”

Earlier, in January, KEC International secured additional contracts valued at ₹1,445 crore for T&D projects, including ±800 kV HVDC and 400 kV transmission line initiatives from PGCIL. The company also gained ₹1,136 crore in orders across multiple sectors, including a 765 kV transmission line project and a comprehensive project for pipeline construction from a prominent PSU in the Oil & Gas Pipelines sector.

Stock Performance Overview

In response to the recent announcements, KEC International’s stock rose to an intra-day high of ₹717.35, reflecting a 6.6% increase. However, the stock remains more than 45% below its peak of ₹1,312.00, which was achieved in December 2024.

Despite experiencing fluctuations, the stock has demonstrated signs of recovery, with a 4% increase in March following two months of decline. The stock had dropped over 18% in February and nearly 30% in January. While the past year has seen a slight decline of 2.51%, the stock has exhibited impressive growth over the longer term, gaining 46.7% over the last two years and delivering a remarkable 139% increase over five years, with a staggering 708% growth over the past decade.

About KEC International

KEC International is a prominent global player in infrastructure engineering, procurement, and construction (EPC), with a diverse portfolio that includes power transmission and distribution, railways, civil construction, urban infrastructure, solar, and oil & gas pipelines. The company operates projects in over 30 countries and has a presence in more than 110 nations through its EPC contracts and supply of towers and cables. As a flagship entity of the RPG Group, KEC plays a crucial role in India’s infrastructure development.

With a solid order backlog and strong execution capabilities, KEC International is a stock to watch as it continues to thrive in the infrastructure and energy sectors.