When trading takes place in the stock market on Monday, investors will keep an eye on the shares of KEC International. Actually, this company Power Grid Corporation of India Ltd. (PGCIL) has received contracts worth Rs 2,872 crore for design, supply and installation of 765 KV transmission line. The company gave this information on Saturday.
What did the company say?
The RPG Group company said in the statement that with this, so far in the current financial year, it has received total contracts worth more than Rs 13,500 crore. This includes contracts worth Rs 9,500 crore from the transmission and distribution (T&D) business. Vimal Kejriwal, Managing Director and Chief Executive Officer (CEO) of KEC International, an infra sector company, said, “These contracts received from PGCIL include the largest contract ever for India’s T&D business.”
Order was received on Friday also
Earlier, KEC International on Friday said that the company has received new orders worth Rs 1,006 crore across different business verticals. The Transmission and Distribution (T&D) business has won orders for 400 kV transmission lines in Oman and for supply of towers, hardware, poles in the US.
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The company said that the civil business of the company has received another (repeat) order from a well-known healthcare company in Eastern India to build a multispecialty hospital. The cable and conductor business has received many orders in India and overseas markets. Let us tell you that it is a big global company in the field of Infrastructure Engineering, Procurement and Construction (EPC).
stock performance
Talking about KEC International share, it remained in selling mode on Friday. The price of this share was Rs 327.55 on the last trading day of the week. The stock closed down 1.25% compared to a day earlier. The stock had fallen to an intra-day low of Rs 317.35. This is also the 52-week low of the stock. Let us tell you that the share had touched the level of Rs 857.60 in October last year. This means that the share price has fallen by more than half.
Awaiting September quarter results
KEC International’s September quarter results are awaited. Earlier, the company’s net profit fell by 41 percent to Rs 73 crore in the April-June quarter of 2027. Net profit for the quarter ending June 2025 was Rs 125 crore. At the same time, the revenue in this quarter stood at Rs 5,024 crore, whereas it was Rs 5,023 crore in the same period a year ago. As of June 30, net debt has reduced by more than Rs 150 crore to Rs 6,568 crore.
Source: www.livehindustan.com
