Fresh Saudi Projects Bump Up KEC International's Order Book By Rs 1,423 Crore
KEC International Ltd. announced on Thursday that it has secured new contracts worth Rs 1,423 crore for the design, supply, and installation of 380 kV transmission lines in Saudi Arabia.
"These orders in Saudi Arabia, along with the earlier orders in the UAE and Oman, have further reinforced our leadership in the Middle East and substantially enhanced our international T&D order book," said Vimal Kejriwal, managing director and chief executive officer.
He added that with these orders, the company's year-to-date order intake stands at over Rs 11,300 crores, a growth of approximately 75% compared to last year via the exchange filing.
KEC International informed the stock exchanges about securing two orders worth Rs 1,171 crore in the Middle East. The company had earlier this week won another order of Rs 1,079 crore in August.
The company has also set a high bar for its financial year, targeting an order inflow of Rs 25,000 crore. It has already secured orders close to Rs 10,000 crore in fiscal 2025 so far, according to Kejriwal.
“As far as the order pipeline is concerned this financial year, we already got orders close to Rs 10,000 crore, and we are L1 in another Rs 7,500 crore. Our stated announcement is that we should be doing Rs 25,000 crore of order intake for this year,” he told NDTV Profit.
Shares of the company closed 5.97% higher at Rs 987.75 per share, compared to a 0.21% decline in the NSE Nifty 50. The stock has risen 49.72% year-to-date and 67.64% over the past 12 months.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
