KEC International wins ₹1,303 crore orders across T&D and cables businesses

KEC International shares rallied after the company secured Rs 1,303 crore of new orders across transmission and distribution and cables and conductors businesses. The latest wins take its year-to-date order intake above Rs 7,600 crore, supporting its growth outlook.

Mumbai: KEC International has secured new orders worth Rs 1,303 crore across its Transmission and Distribution (T&D) businesses, strengthening its order book despite a challenging operating environment.The RPG Group company said in an exchange filing on September 14 that the contracts cover projects in India, the Middle East and the Americas.Orders Across Key MarketsIn India, KEC International secured an order for a 400 kV transmission line in Northern India. The project will help evacuate power from a hydroelectric plant and has been awarded by an existing private-sector client.In the Middle East, the company won orders for 380 kV transmission lines in Saudi Arabia.KEC has also received orders for the supply of towers, hardware and poles in the Americas. Its Cables and Conductors business secured additional orders in India and overseas markets.The company did not disclose the individual values or execution timelines of the contracts. KEC International Bags ₹1,002 Crore Orders Across Power, Renewables & Rail SegmentsManaging Director and CEO Vimal Kejriwal said the company was pleased with the latest order wins despite the challenging environment.Order Intake Crosses Rs 7,600 CroreFollowing the latest wins, KEC International's year-to-date order intake has crossed Rs 7,600 crore.The company expects these orders to support its targeted growth in the coming periods.KEC, however, reported weaker operating performance in the first quarter of FY27. Net profit declined 41.7 per cent year-on-year to Rs 72.6 crore from Rs 124.6 crore.Revenue remained broadly stable at Rs 5,024 crore. KEC International Secures ₹1,050 Crore New Orders Across BusinessesEBITDA declined 16.9 percent to Rs 290.8 crore from Rs 350.1 crore, while the EBITDA margin slipped to 6 per cent from 7 per cent.KEC International Share PerformanceKEC International shares closed 1.71 percent lower on the previous trading day.The stock has declined around 24 percent over the past six months. At Rs 406, the share is about 56 per cent below its 52-week high of Rs 937.8.