According to the company, the Transmission and Distribution (T&D) segment has obtained major orders in the Middle East and America. These include the design, supply and installation of 380 kV overhead transmission lines in Saudi Arabia, with towers, hardware and poles supply in America.
Oil and gas pipelines business has received another international order for terminal station works in Africa, complementing its ongoing pipeline project in this area.
Meanwhile, orders for supply of various types of cables were secured in the cables business.
“Our International T&D Order Book has been strengthened by the win in Saudi Arabia. This victory confirms the strategic importance of the Middle East and North Africa (Mena) region as the main development driver for us.
“Our subsidiary, SAE Towers, has obtained a significant tower supply order in Mexico, showing an excitement in the North American T&D market. With these commands, our YTD order intake is more than Rs 4,200 crore, which is a strong growth of 40 percent Viz-A-Wiz last year,” Vimal Keji, and Vimal.
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KEC International is a global EPC (engineering, procurement and construction) company that is operating in Power T&D, Civil, Transportation, Renewable, Oil and Gas Pipelines and Cables. It operates in more than 110 countries, including the supply of towers and cables. It is the main company of the RPG group.
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KEC International Share Target Price
According to Trendlin data, the average target price of the stock is Rs 972, which shows the current market prices of 10%. Buy a consensus recommendation of 24 analysts for stock.
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KEC Shares International Performance
On Wednesday, shares of KEC International closed at 880.4, up 1.2% on the BSE to 0.32% in the benchmark Sensex. The stock has dropped 27% in the year-to-year but increased 26% in the last three months. The company has a market capitalization of Rs 23,437 crore.
(Connection: The recommendations, suggestions, opinions and opinions provided by experts have their own. This does not represent opinions of economic time)
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