KEC International is a global infrastructure EPC major. It has presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Oil & Gas Pipelines, and Cables. It is the flagship Company of the RPG Group. After falling from high near 1,300 the stock has now made a double bottom at 670 level and looks to scale past 900 with following positive new flowing in. • Order book registered a sharp jump in the quarter, reaching Rs37400cr in Q3FY25. • Robust order inflow of Rs22100cr for 9MFY25 (+72% yoy). • Strong T&D demand, with a prospective order pipeline of Rs1.5 lakh cr. • KEC’s results were below expectations across topline and profitability. • Strong order inflow, led by T&D, was a positive, but execution will remain key.

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