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KEC International Wins ₹1,445 Crore Power Grid Orders for T&D Projects

Synopsis:

KEC International secures ₹1,445 crore T&D orders from Power Grid for ±800 kV HVDC and 400 kV projects. KEC International share price drops 3.71% to ₹842.

KEC International news today

KEC International Ltd has secured new orders worth ₹1,445 crore for Transmission & Distribution (T&D) projects from Power Grid Corporation of India Limited (PGCIL). The contracts include the construction of ±800 kV HVDC and 400 kV transmission lines, underscoring KEC’s expertise in executing high-value power infrastructure projects. These orders significantly bolster the company’s T&D portfolio, which remains a cornerstone of its operations.

Also read: Religare Receives Counterbid from Digvijay Gaekwad to Burman Open Offer

KEC INTL. LIMITED

Trade

795.6-38.30 (-4.59 %)

Updated - 27 January 2025
841.90day high
DAY HIGH
777.05day low
DAY LOW
2202857
VOLUME (BSE)

Key Takeaways

  • Contract Details: Includes ±800 kV HVDC and 400 kV transmission lines.

  • Order Value: ₹1,445 crore awarded by Power Grid Corporation of India Limited.

  • Year-to-Date (YTD) Growth: YTD order intake surpasses ₹22,000 crore, a 70% increase over the previous year.

Also read: Jubilant Ingrevia Commissions Advanced cGMP Niacinamide Facility in Gujarat

Strengthening India’s Power Infrastructure

The new orders highlight the growing demand for robust transmission systems to support India’s increasing power requirements and renewable energy integration. KEC is already executing a prestigious HVDC terminal station project for a private client and has solidified its presence in the HVDC market with this latest win.

The contracts align with the government’s focus on improving grid reliability and integrating renewable energy projects, ensuring a sustainable and efficient power distribution network.

KEC International Share Price Trends

Despite the announcement of major order wins, the KEC International share price dropped by 3.71% to ₹842 on the BSE on Friday, 24 January 2025. Market performance remains under scrutiny as investors assess the long-term impact of these projects on the company’s financials.

Key Data Overview

Parameter

Details

Order Value

₹1,445 crore

Projects

±800 kV HVDC, 400 kV T&D

YTD Order Intake

₹22,000 crore

KEC International Share Price

₹842 (down 3.71%)

KEC International’s ₹1,445 crore order from Power Grid highlights its leadership in the T&D sector and its contribution to strengthening India’s power infrastructure. While the KEC International share price reflects short-term market fluctuations, the company’s robust order book points to continued growth and success in the long term.

Also read: NTPC Declares Khurja STPP Unit I Operational, Total Capacity Hits 77,393 MW

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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