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Transmission Sector Leader Stock Rockets on New ₹1,171 Crore Orders


KEC International (NSE: KEC) share has seen a rocketing rise. The share of the company grew over 9 percent to Rs 947.70 on Thursday. This sharp rise in KEC International’s share has come after a major announcement.

The company has revealed it received fresh orders for distribution and transmission worth 1171 crores across the Middle East. The 52-week high level of KEC International’s shares is Rs 968.20.

The 52-week lowest level of share in the company is 551 rupees.

Information About The Order That Was Received By The Company

KEC International has received an order for 400 kV transmission lines in the UAE and a transmission line of 380 kV located in Saudi Arabia.

The company recently received new orders totaling more than 1079 crore in its distribution and transmission and cables sector. KEC International has earned a net profit of Rs 87.6 crore in the June quarter of the current financial year.

The company’s profit has more than doubled compared to the same period a year ago. A year ago in the same period, KEC International had a net profit of Rs 42 crore 

The Company’s Shares Have Climbed More Than 280% In 5 Years

KEC International’s share has climbed more than 280 percent in the last 5 years. The company’s share was at Rs 244.65 on 30 August 2019.

KEC International’s share reached Rs 947.70 on 29 August 2024. KEC International’s share has seen a rise of more than 40 percent in the last year.

The company’s share was at Rs 675.10 on 29 August 2023. KEC International’s share reached Rs 947.70 on 29 August 2024.

This year, the share of the company has increased by 57%. At the beginning of this year, on January 1, 2024, the share of the company was at Rs 605.55, which reached Rs 947.70 on August 29, 2024.

Quick Fact

Company nameKEC International
Recent Share Growth9%
Recent Share Price₹948
Recent Major AnnouncementReceived fresh orders
Order Value₹1171 crores
Order RegionMiddle East
Order Details400 kV line in UAE, 380 kV line in Saudi Arabia
New Orders Total Value₹1079 crores
Sector for OrdersDistribution, Transmission, Cables
Net Profit (June Quarter, FY 2024)₹88 crores
Profit Growth (Year-on-Year)More than doubled
Previous Year Profit (Same Period)₹42 crores
Share Growth in 5 Years280%
Share Price (August 30, 2019)₹245
Share Growth (Last Year)40%
Share Price (August 29, 2023)₹675
Share Growth (This Year)57%
Share Price (January 1, 2024)₹606

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careermotto

A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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