After securing new orders worth ₹3,243 crore, KEC International’s shares soared nearly 8% on Tuesday, September 23. This significant win for the global infrastructure company’s Transmission & Distribution (T&D) business includes its largest-ever EPC contract for 400 kV transmission lines in the United Arab Emirates (UAE). The new orders also involve supplying towers, hardware, and poles in the Americas.
Thank you for reading this post, don't forget to subscribe!Following the announcement, the company’s stock hit an intraday high of ₹932 per share on Tuesday.
This good news follows the company’s strong performance in the April-June quarter of FY25. During this period, KEC International reported:
- A 42.3% year-on-year rise in net profit to ₹125 crore.
- Consolidated revenue growth of 11.3% to ₹5,023 crore.
- A significant improvement in its operating performance, with EBITDA rising 29.5% to ₹350 crore.
