HomeMarket NewsKEC shares rise after ₹1,509 crore order win
KEC shares gained on Wednesday, after the company announced that it has bagged new orders worth ₹1,509 crore. In an exchange filing, the company said that the Mumbai-based company said that it has secured new orders across various businesses, including Transmission & Distribution (T&D), Cables & Conductors, and Transportation.
KEC International shares rose on Wednesday, July 30, after the company announced that it had bagged new orders worth ₹1,509 crore.
In an exchange filing, the Mumbai-based company said it has secured orders across various businesses, including Transmission & Distribution (T&D), Cables & Conductors, and Transportation.
In the Transmission & Distribution segment, the company said it had received orders for a 400 kV quad transmission line in India and 500/400/220 kV overhead transmission lines in international markets. Additionally, the company will supply towers, hardware, and poles to the Americas and the Middle East.
In the Cables and Conductors segment, the RPG Group-owned company secured orders to supply various types of cables and conductors in both the Indian and overseas markets.
In the Transportation segment, the company said it secured an order for the Train Collision Avoidance System (TCAS) under the Kavach project in India.
Speaking on the Kavach order, Vimal Kejriwal, MD & CEO, KEC Ltd said, "Our Transportation business has further strengthened its order book in the prestigious TCAS segment (‘Kavach’) by securing another order aimed at enhancing the safety of Indian Railways through world-class technology. With these orders, our YTD order intake now stands at over ₹7,000 crore.”
KEC announced its Q1 results on July 28. In the first quarter of FY26, the company saw its net profit rise 42.3% year-on-year to ₹125 crore, compared to ₹87.6 crore in the same quarter last year. The company's consolidated revenue grew 11.3% YoY to ₹5,023 crore from ₹4,512 crore a year ago.
As of 11:30 am, the company’s shares were trading 0.7% higher. However, the stock has declined nearly 28% so far this year.
(Edited by : Asmita Pant)