Multibagger KEC International surges almost 7% on securing orders worth ₹1,267 crore

Shares of KEC International Ltd soared nearly 7 percent on Monday, March 17, after the company announced securing fresh orders worth ₹1,267 crore across multiple business segments. The new contracts further bolster the company’s position in the infrastructure and energy transmission sectors.

The Transmission & Distribution (T&D) business received Notification of Awards (NOAs) and a Comfort Letter for major projects in India and the Americas. These include prestigious 800 kV HVDC and 765 kV transmission line orders from Power Grid Corporation of India (PGCIL) and supply contracts for towers, hardware, and poles in the Americas. Additionally, KEC’s Cables division secured orders for supplying various types of cables and conductors, both domestically and internationally.

Vimal Kejriwal, MD & CEO of KEC International Ltd, expressed optimism about the company’s prospects, stating, “We are delighted with the substantial orders secured in our T&D business, particularly in the prestigious HVDC and 765 kV segments from PGCIL for green energy evacuation. These wins have further strengthened our T&D order book in India. We have a strong positive outlook on the growth of India’s T&D market, fueled by the nation’s rising energy needs and the government’s unwavering drive to enhance renewable power capacity and transmission infrastructure. With these new orders, our year-to-date (YTD) order intake stands at over ₹23,300 crore, reflecting a 35 percent growth compared to last year.”

Earlier in January, KEC International secured fresh orders worth ₹1,445 crore for T&D projects in India, including ±800 kV HVDC and 400 kV transmission line projects from PGCIL. Additionally, it won orders worth ₹1,136 crore across multiple businesses, including a 765 kV transmission line project from PGCIL and a design, supply, and build order for pipeline and associated works from a leading PSU in the Oil & Gas Pipelines segment.

Stock Price Movement

Following the announcement, KEC International’s stock climbed as much as 6.6 percent to an intra-day high of ₹717.35. However, the stock remains over 45 percent below its all-time high of ₹1,312.00, which was recorded in December 2024.

While the multibagger stock has remained flat over the past year, it has shown signs of recovery, gaining 4 percent in March after two consecutive months of declines. The stock fell by over 18 percent in February and nearly 30 percent in January.

Despite recent volatility, KEC International has delivered impressive long-term returns. The stock has declined by 2.51 percent over the past year but has gained 46.7 percent over two years. Over a five-year period, it has provided multibagger returns of 139 percent, while in the past decade, it has surged by 708 percent.

Company Overview

KEC International is a leading global infrastructure engineering, procurement, and construction (EPC) company with a diversified presence in power transmission and distribution, railways, civil construction, urban infrastructure, solar, oil & gas pipelines, and cables. The company is executing projects in over 30 countries and has a footprint in more than 110 nations, encompassing EPC contracts and supply of towers and cables. It is the flagship company of the RPG Group, a key player in India’s infrastructure sector.

With a robust order book, strong execution capabilities, and a positive industry outlook, KEC International remains a key stock to watch in the infrastructure and energy sectors.

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