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Amidst the continuous fluctuations in the stock market and pressure on infrastructure stocks, a very encouraging news has emerged for the investors of KEC International Ltd, the leading global infrastructure EPC company of RPG Group. The engineering major, which has been facing a selloff for a long time, confirmed in an official regulatory filing to the stock exchange on Monday that it has won several new and large contracts worth a total of ₹1,303 crore under its transmission and distribution (T&D) vertical. The order inflow comes at a time when the company’s stock is struggling around its lowest levels, having fallen by more than half from its 52-week record high. Market experts believe that these new work orders received globally will provide strong support to the company’s order book and will give new impetus to revenue growth in the coming quarters.
According to official information shared in the exchange filing, the new projects worth ₹1,303 crore awarded to KEC International are spread across markets in India as well as the Middle East (Gulf countries) and the Americas. On the domestic front, the company has received a significant order for construction of 400 kV transmission line in Northern India. Apart from this, registering its strong presence at the international level, the company has won an important contract for laying 380 kV transmission line in Saudi Arabia. The company has received extensive orders from the US infrastructure market for the supply of transmission towers, hardware fittings and utility poles. Along with this, KEC International’s Cables & Conductors business has also received new work orders from various customers in India and overseas markets. Although the company has not disclosed the individual financial amounts of individual contracts, the total cumulative value of all these orders is estimated at ₹1,303 crore.
Commenting on receiving the new projects, Vimal Kejriwal, Managing Director (MD) and Chief Executive Officer (CEO), KEC International, said that the company has been successful in winning these important contracts amidst the current global challenges and tough business environment. Giving detailed information, he said that the company’s India T&D business has received a repeat order for 400 kV transmission line project from one of its existing reputed private clients in North India. This specific project will meet the complex technical requirement of power evacuation of electricity generated from a large hydroelectric plant to the grid. With this, the company’s total order intake (YTD Order Intake) so far in the current financial year has crossed ₹ 7,600 crore, which will play an important role in securing the company’s annual growth targets and revenue visibility.
Although the company continues to be successful in winning orders, there was a clear pressure of raw material costs and logistics expenses on the company’s operational performance and profitability during the first quarter of the current financial year 2026-27 (FY27). KEC International’s consolidated net profit declined by 41.7 per cent year-on-year to ₹72.6 crore in the June quarter as against ₹124.6 crore in the corresponding quarter of the previous financial year. The company’s total revenue during this period stood at ₹5,024 crore, which remained almost flat compared to the previous year. Apart from this, the company’s operating profit i.e. EBITDA fell by 16.9 percent to ₹ 290.8 crore, which was ₹ 350.1 crore in the same period last year, as a result of which the EBITDA margin came down from 7 percent to 6 percent.
If we look at the technical and price performance of KEC International in the stock market, a weakness of 1.71 percent was recorded in the stock in the last trading session of last week. The stock has been under continuous selling pressure on long-term charts, due to which its market value has seen a decline of about 24 percent in the last six months. The share price is currently trading around ₹406, down about 56 per cent from its 52-week high of ₹937.80. The stock, which is trading at a deep discount, is keeping an eye on its support levels and possible rebound after the announcement of new work orders worth ₹1,303 crore.