KEC International shares zoom as RPG group firm bags its biggest-ever order

KEC International share price: RPG group company KEC International's shares surged on Monday after the engineering, procurement and construction (EPC) company won mega orders. The stock of KEC International jumped by as much as Rs 27.8 or 5.9 per cent to Rs 503 apiece with large volumes on BSE. 

KEC International wins a record order

The company won orders to the tune of Rs 3,023 crore for civil, transmission, districution and cable car-related projects. That included an order of Rs Single Rs 2,060 crore — its largest-ever single order, according to a company statement. 

“We are pleased with the size of new order wins, especially the orders in the water pipeline segment including our single largest order till date. We are now executing 10 prestigious projects in this segment with an overall project value of over Rs. 5,000 crore, under the ‘Jal Jeevan Mission’ of the government. The civil business has also diversified its presence with a maiden order in the commercial building segment, from a reputed international real estate developer," said Vimal Kejriwal, MD and CEO, KEC International.

With the latest bout of orders, the company's order intake so far in 2023 stood at a record Rs 18,500 crore, up more than 30 per cent compared with the corresponding period a year ago, according to Kejriwal.

"These orders will significantly contribute towards our targeted growth going forward,” he added.

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