KEC International Limited: Update
Update
“Wins New Orders of INR 1,407 Crores”
KEC International Limited, a global infrastructure EPC major, has secured new orders worth of INR 1,407 Cr. Read details –
The business has secured orders for Transmission & Distribution (T&D) projects in Middle East:
- 400 kV Transmission lines, part of the Kuwait – Saudi Arabia interconnection project
- 380 kV Transmission line in Saudi Arabia
The business has secured an order for Civil, the construction of official quarters and associated facilities for senior Government officials in India.
The business has secured an order for Railways, Signaling & Telecommunication works of Train Collision Avoidance System (TCAS) under ‘Kavach’ in consortium in India.
The business has secured orders for various types of cables in India and overseas.
MD & CEO Speech –
Mr. Vimal Kejriwal said “we are pleased with the continuous order inflows across businesses. Our YTD order intake now stands at INR 8,400 Cr, with a robust growth of 50 per cent vis-à-vis last year.
The orders in Middle East consolidate our presence in the region and significantly expand our T&D order book, particularly in the international market. The large order in Civil has enhanced our presence in the growing public spaces segment and further diversified our clientele. We are also enthused by the second Railway order in the TCAS segment under ‘Kavach,’ which aims to enhance safety of Indian Railways with world class technology.
These orders along with the orders announced earlier, reaffirm our confidence in achieving the targeted growth going forward.”
21 September 2022
Update
“Secured New Orders Across Various Businesses”
KEC International Limited (RPG Group Company) – a global infrastructure EPC major today in its regulatory filing has said that the company has secured new orders worth of INR 1123 Cr across its various businesses, read details –
Under the Transmission & Distribution (T&D) business, the company has secured orders for building substations in India including:
- 400 kV Digital GIS Substation order in India from Power Grid Corporation of India Ltd
- 400 kV GIS Substation order in India from a reputed industrial developer,
Under the Railways business, the firm has secured an order for construction of bridges and associated works for new railway line in the conventional segment in India.
Under the Civil business, the firm has secured an order for infra works in the Hydrocarbon segment in India.
Under the Cables business, the company has secured orders for various types of cables in India and overseas.
MD & CEO Speech –
Mr. Vimal Kejriwal commented, we are pleased with the new order wins, especially the consistent order inflows in Domestic T&D business. These orders along with the orders announced earlier during the year, have significantly enhanced our order book in T&D and diversified our clientele.
We are particularly enthused by the order in Railways, which further consolidates our leadership in the conventional Railway segment. The order in Civil has strengthened our presence in the growing hydrocarbon segment.
With these orders, our YTD order intake has now surpassed INR 7000 Cr, a robust growth of 25 per cent vis-à-vis last year.
The stock ended at INR 438.40 (UP 3.40 per cent) on the National Stock Exchange (NSE) with a volume of 9,78,809 shares.
Also Read: Indian Stock Market Journey from 100 To 60000 Points
14 September 2022
Update
“Orders in Conventional and Emerging Segments”
KEC International Limited (an RPG Group Company) has secured new orders worth of INR 1108 Cr across its various businesses, details are as follows –
Orders for Transmission & Distribution (T&D) and Cabling projects in India, Africa, and Middle East
- 400 kV “Transmission Line” order from Power Grid Corporation of India Ltd,
- 132 kV “Underground Cabling” order from a state utility,
- 220 kV “Transmission Line and Tower Supply” orders in the Middle East, and
- 330 kV “Transmission Line” order in Africa,
Orders in the technologically enabled and conventional/emerging segments (Railways) in India
- Order for Overhead Electrification (OHE) for Metro, Auxiliary power supply, SCADA system and associated works,
- Order for Signaling & Telecommunication works of TCAS under ‘Kavach’ in consortium,
- Order for doubling of tracks and associated civil works,
The company has secured an order for laying of cross-country Oil & Gas Pipeline and associated works in India.
Must Read: Research and Analysis on Harsha Engineers IPO
MD & CEO Speech –
Commenting on this, Mr. Vimal Kejriwal said, “We are delighted with the new order wins, especially in Railways, which is witnessing a gradual uptick through orders in both conventional and new segments.
The business has secured its maiden order in the prestigious TCAS segment under ‘Kavach,’ which aims to enhance safety of Indian Railways with world class technology.
The orders in T&D have expanded our order book, especially the third order from PGCIL in quick succession.
These orders, along with the orders announced earlier during the year, will significantly contribute towards our growth in the Domestic T&D market. The order in the Oil and Gas Pipelines further enhances the business’ order book.”
KEC International Ltd share price closed at INR 434.30 (UP 1.18%) on the NSE when the market closed with a volume of 23,41,102 shares.
Read This: Can Fin Homes Limited (Value Pick Stock September 2022)
12 September 2022
Update
“Received EPC Contract”
The Directors of Gujarat Industries Power Company Limited (GIPCL), at its board meeting held on 09 September 2022, approved the award of EPC Contract to KEC International Ltd.
In a regulatory filing to the BSE, GIPCL said that the award of EPC contract worth of INR 244.00 Cr for “Pooling Sub-station 400/33 KV, 1200 MW (PSS-1, Phase-1 & Phase-II of 600 MW each) of Solar / Wind / Hybrid RE Park of 2375 MW capacity at Great Rann of Kutch (Gujarat).
Read: Harsha Engineers International IPO
The share of KEC International closed at INR 447.95 (UP 10.55 per cent) on the National Stock Exchange when the market closed with a volume of 45,12,638 shares.
KEC International Limited is currently trading 20% below when compared to its 52-week high of INR 550.
Also Read: Value Pick Stock September 2022 Can Fin Homes Ltd
8 May 2019
KEC International, a subsidiary of the RPG Group has posted its Q4 FY 2019 numbers today after the market hours. The Company has reported a whooping 85% jump in its net profit QoQ basis.
For the quarter ended 31 March 2019, the company’s revenue from operation stood at INR 3569.05 Cr as against INR 3361.90 Cr for the same period last year, registering a 6.16 percent growth YoY basis. The quarter-on-quarter revenue grew by 44.59 percent (INR 2468.46 Cr for the period ended 31 December 2018)
The consolidated revenue of the company grew by 4.88 percent y-o-y basis and 45.13 percent q-o-q basis.
Total expenses of the company rose marginally 5.75 percent YoY.
The Company’s Profit After Tax stood at INR 211.47 Cr for the period ended March 31, 2019 as compare to INR 179.36 Cr same period last year, registering 17.90% growth year-on-year basis.
Company’s Net Profit for the quarter ended 31 December 2018 stood at INR 114.54 Cr.
The board of directors have recommended a Dividend of INR 2.70 per share i.e. 135% of face value of Rs. 2/- each fully paid up, for the financial year ended March 31, 2019.
Read: 7 Equity Investing Mistakes to avoid
About KEC International
KEC International Limited is India’s 2nd largest manufacturer of electric power transmission towers and one of the largest Power Transmission Engineering, Procurement & Construction (EPC) companies in the world.
History: Incorporated in the year 2005, KEC International Limited (the flagship company of RPG Group) is a global EPC major. The Company has presence in the verticals of Power Transmission & Distribution, Cables, Civil, Railways, Smart Infrastructure and Solar.
Also Read: 9 Key Financial Ratios To Find Winning Stocks
Business: KEC strengths its presence in the areas of Design, Manufacture, Supply and Construction of Turnkey Projects of Power Transmission lines of voltages up to 800 KV and in the execution of Railway Electrification projects, setting up Sub-stations and Power Distribution Networks, Optical Fibre Cable (OPGW) installations, Turnkey Telecom Infrastructure Services and maintenance of Power Transmission Lines.
KEC International is ISO 9001; ISO 14001 and OHSAS 18001 certified company
Reach: The Company has powered infrastructure development in 100 countries across Africa, Americas, Central Asia, Middle East, South Asia and South East Asia.
Stock Price Movement
The stock ended nearly 0.20% or 65 paise lower to INR 294.65 on NSE when the market closed on Wednesday! During the quarter ended 31st March 2019, the share prices of KEC International has made a low of INR 233 and high of INR 314
Important: Mutual Funds Investing: 4 Tips Can Make You Millionaire
KEC International on Technical Charts
KEC International share price is trading marginally above when compared to its 200 EMA (293) and trading 2 percent above its 50 EMA (287)
Average Return
The stock has given 4.27% positive returns over the past 6 months and delivered 28.88% negative returns over the last 12 months.
If you liked this article, maybe your friends will too. Why not share it?
KEC International current market cap is more than INR 7500 Cr and trading at a PE ratio of 15.35
Also Read
Value Pick Stock May 2019: Sharda Cropchem Limited
Why You Must Buy A Term Insurance Plan
Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
