Multibagger smallcap civil construction major hits new all-time high; here's trigger

Shares of the smallcap civil construction company has zoomed to its life high of Rs 1094.95 in Thursday's trade. The spurt of an over 7 per cent in the stock comes as the company in its T&D business segment i.e,
Transmission & Distribution space has bagged an order worth Rs 1,704 crore.

In the filing with the exchanges, the company said, "KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured prestigious turnkey orders of Rs. 1,704 crores in its Transmission & Distribution (T&D) business for Design, Supply and Installation of 765 kV Transmission Lines and GIS Substations from Power Grid Corporation of India Limited (PGCIL)."

Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We are delighted with the continuous inflow of orders, especially in our T&D business. These 765 kV orders from PGCIL have further strengthened our India T&D order book, reaffirming our confidence in the continued strong growth of this business. With these orders, our YTD order intake now stands at Rs. 16,300 crores, reflecting an impressive growth of over 60% compared to last year.”

In its earlier filing dated November 25, the company said, "KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,114 crores across its various businesses including T&D, Civil, Railways and Cables. 

KEC International share price

In the past 3 years, the stock's return is at more than 137 per cent, while its year-to-date return is at 80 per cent.