Shares of KEC International Ltd rallied 7% and hit a 52-week high of Rs 968.80 on 3 July after the company announced securing orders worth Rs 1,017 crore. 

The company’s Transmission and Distribution (T&D) business vertical has secured multiple orders for engineering, procurement, and commissioning (EPC) projects and the supply of towers in the Middle East. 

The renewable business vertical has also received an order from a reputed public sector undertaking in the renewable power generation segment for the balance of the system package of a 625-megawatt peak (MWp) solar PV project in Rajasthan. 

Vimal Kejriwal, MD and CEO of KEC International said, “We are delighted with the continuous inflow of orders in the first quarter of the financial year. The prestigious Solar order has reaffirmed our confidence that the Renewable EPC business will contribute significantly to our future growth.”

Vimal added that the T&D orders in the Middle East have further strengthened our order book in the international T&D market. With the addition of these orders, the company’s year-to-date order book has surpassed  Rs 5,000 crore, marking a significant growth of 50% since the same duration last year. 

Earlier on 26 June, the company’s T&D business secured several significant projects across India, America, and Africa. These orders include a 765 kilovolt (kV) GIS Substation project in India awarded by Power Grid Corporation India Limited, contracts for supplying towers, poles, and hardware in the United States of America, a comprehensive 225 kV Composite project involving Transmission lines, Underground cabling, and Substations in West Africa.

Furthermore, the company’s cable business has also received orders for various types of cables from both domestic and international clients. 

At 2:09 pm, the shares of KEC international were trading 2.61% higher at Rs 925.80 on NSE.