KEC International Stock Surges on Rs 1,267 Crore Order Wins

KEC International shares jumped over 6%, reaching Rs 717, after the company announced securing new orders worth Rs 1,267 crore. The significant boost comes from wins in the Transmission & Distribution (T&D) sector, notably from Power Grid Corporation of India (PGCIL). The T&D business secured Notices of Award (NOAs) and Comfort Letters for projects in India and the Americas. These include prestigious 800 kV HVDC and 765 kV transmission line orders from PGCIL, as well as orders for towers, hardware, and poles in the Americas. Additionally, the company's Cables business received orders for various cable and conductor supplies in both domestic and international markets. Vimal Kejriwal, MD & CEO of KEC International, expressed delight at the substantial T&D order wins, particularly emphasizing the HVDC and 765 kV segments for green energy evacuation. He stated that these wins have significantly strengthened their T&D order book in India.