KEC International Soars 6.5% as Company Bags Rs 3,243 Crore Orders in T&D Business

Mumbai, September 23, 2025: KEC International Ltd (NSE: KEC, BSE: 532714) shares rose 6.56% to ₹923 in early trading on Tuesday after the company announced new orders totaling ₹3,243 crore in its international Transmission & Distribution (T&D) business.

The stock opened the session higher from its previous close of ₹866.15. There was strong investor interest, with a volume traded of 25.87 lakhs shares valued at ₹238.82 crores. This rally puts KEC’s market cap at ₹24,592.89 crores.

As a part of the RPG Group, KEC International Ltd. is a global leader in the EPC of infrastructure, and it also undertakes various projects such as Power Transmission and Distribution, Civil, Transportation, Renewables, Oil and Gas pipelines and Cables and Conductors. It has implemented projects in more than 110 countries, and remains an important player in constructing essential infrastructure worldwide.

Key International Order Wins

The recent accomplishments of the Company include the establishment of 400 kV transmission lines in the UAE and the supply of towers, hardware, and poles across the Americas. Among these contracts, KEC’s largest engineering, procurement, and construction (EPC) order is noteworthy and will further strengthen T&D in KEC’s International portfolio.

These new contracts provide a substantial boost to the Company’s year-to-date (YTD) order intake, which now totals around ₹11,700 crore, once again validating the Company’s robust demand pipeline across all global markets.

Management Commentary

Vimal Kejriwal, MD & CEO, said: “We are delighted with the new order wins in our T&D business, especially our largest ever EPC order till date. This order has further strengthened our presence in the Middle East and substantially expanded our international T&D order book. These orders will play a key role in driving our targeted growth going forward.”

Market Snapshot and Valuation

As of 11:40 AM IST, the stock was trading at ₹909.30, which is 43.15 or 4.98% higher than the previous closing price. The stock price has been moving between ₹891 and ₹937.80 so far and stays well below its 52-week high of ₹1,313.25 (December 4, 2024, to date). However, it is substantially higher than its 52-week low of ₹627.45 on April 7, 2025. The company trades at a price-to-earnings ratio of 37.94; therefore, it continues to receive a premium in the infrastructure EPC space.

Outlook

KEC International’s record level of T&D orders increases revenue visibility and global footprint. The strong international wins firmly demonstrate growth sustainability, especially in the Middle East. Although there may be near-term valuation concerns, KEC continues to be an attractive hold for investors with medium to long-term investment horizons.

REF: https://nsearchives.nseindia.com/corporate/KEC_22092025184915_PressRelease.pdf

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