Latest news with #KECInternational
Time of India
5 hours ago
- Business
- Time of India
KEC International shares in focus after securing orders worth ₹2,211 crore
Shares of KEC International , the RPG Group 's infrastructure arm, will be in focus on Thursday after the company announced fresh orders worth ₹2,211 crore across multiple business segments. According to the company, the Transmission & Distribution (T&D) segment has bagged key orders in the Middle East and the Americas. These include the design, supply, and installation of 380 kV overhead transmission lines in Saudi Arabia, along with the supply of towers, hardware, and poles in the Americas. The Oil & Gas Pipelines business has received its second international order for terminal station works in Africa, supplementing its ongoing pipeline-laying project in the region. Meanwhile, the Cables business secured orders for the supply of various types of cables in India and overseas. "The large order wins in Saudi Arabia have further strengthened our international T&D order book. These wins reaffirm the Middle East and North Africa (MENA) region's strategic importance as a key growth driver for us. "Our subsidiary, SAE Towers, has secured a significant tower supply order in Mexico, reflecting an uptick in the North American T&D market. With these orders, our YTD order intake stands at over ₹4,200 crores, a robust growth of 40 per cent vis-a-vis last year," Vimal Kejriwal, MD & CEO, KEC International, said. KEC International is a global EPC (Engineering, Procurement, and Construction) company with operations in Power T&D, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. It operates in over 110 countries, including through the supply of towers and cables. It is the flagship company of the RPG Group. KEC International shares target price As per Trendlyne data, the average target price of the stock is ₹972, which shows an upside of 10 per cent from the current market prices. The consensus recommendation from 24 analysts for the stock is a 'Buy'. KEC International shares performance On Wednesday, KEC International shares closed at ₹880.4, up 1.2 per cent on the BSE, while the benchmark Sensex surged 0.32 per cent . The stock has declined 27 per cent year-to-date but gained 26 per cent in the last three months. The company's market capitalisation stands at ₹23,437 crore.
Trade Arabia
9 hours ago
- Business
- Trade Arabia
KEC International wins key Saudi power project contract
KEC International, a global infrastructure engineering, procurement and construction (EPC) major, has secured the contract for the design, supply and installation of 380 kV overhead transmission lines in the Kingdom of Saudi Arabia (KSA). A unit of RPG Enterprises, one of India's fastest-growing business groups with a turnover of $5.2 billion, KEC International has a footprint in 110+ countries and is involved in the verticals of power transmission and distribution, civil, transportation, renewables, oil and gas pipelines and cables. KEC International also secured its second international order for terminal station works in Africa in addition to its ongoing pipeline laying project in the region. This comes as part of the new orders worth Rs22 billion ($258.7 million) snapped up by the group across various businesses. In addition to the Saudi contract, its Transmission & Distribution business has secured orders for supply of towers, hardware and poles in the Americas along with cable work projects in India and overseas. On the big contract win, Vimal Kejriwal, MD & CEO, said: "We are delighted by the order wins secured across businesses, especially on the international front. The large order wins in Saudi Arabia have further strengthened our international T&D order book." "These wins reaffirm the Mena region's strategic importance as a key growth driver for us. Our subsidiary, SAE Towers has secured a significant tower supply order in Mexico, reflecting an uptick in the North American T&D market," he stated.
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Business Standard
16 hours ago
- Business
- Business Standard
Stocks to watch today, June 5: KEC Int'l, HAL, BEL, Vedanta, Reliance Infra
Stocks to Watch today: KEC International, HAL, BEL, Vedanta, Reliance Infra, Vi, Power Grid Corp and Apollo Micro Systems are among the stocks to watch today, June 5, 2025 Sai Aravindh Mumbai Stocks to Watch Today, Thursday, June 5, 2025: Indian equity markets may look to extend the previous day's momentum, but rising geopolitical tensions and weak global cues could weigh on sentiment. The early indicator of Nifty50 performance -- GIFT NIFTY -- was up 8.6 points or 0.03 per cent at 24,738 as of 7:35 AM. Equity markets in Asia opened on a mixed note after a muted Wall Street close following weak economic data. Last checked, Japan's Nikkei was lower by 0.808 per cent while South Korea's Kospi was up 1.3 per cent. Stocks in the US posted modest gains as calls for rate cuts by the Federal Reserve grew after data showed hiring growth fell to the slowest pace in two years. The S&P 500 index rose by 0.01 per cent while the Dow Jones Industrial Average was down 0.22 per cent. Tensions between Ukraine and Russia flared up as US President Donald Trump said Vladimir Putin vowed to retaliate for Ukraine's shocking drone strike. Meanwhile, Trump signed a proclamation that banned individuals from 12 countries, including Afghanistan and Myanmar, from entering the US. Meanwhile, below are some stocks to watch during today's session: KEC International: The company landed new orders amounting to ₹2,211 crore across its key business segments. The orders were received in the company's oil and gas pipelines business, transmission and distribution sector, and for the supply of various types of cables. Bharat Electronics: The Navratna Defence Public Sector Undertaking (PSU) secured additional orders worth ₹537 crore since the last set of orders announced on May 16, 2025. The new orders comprise communication equipment, an advanced composite communication system for ships, jammers, software, simulator upgrades, spares, test rigs, and related services. Vedanta: The Indian mining and metals firm said it has increased its renewable energy power capacity to 1.03 gigawatt (Gw). The company said it is on track to achieve its goal of reaching 2.5 Gw of clean energy by 2030. YES Bank: The lender said that CA Basque Investments, an affiliate of global investment firm Carlyle Group, will no longer have the right to nominate a director to the bank's Board, following its sale of a 2.62 per cent stake in the bank earlier this week through block deals. Hindustan Aeronautics: The company said it is in discussions with General Electric (GE) for the engines for its Light Combat Aircraft (LCA) Mark 2. The company explicitly denied recent media speculation suggesting it was negotiating with other manufacturers for these engines. Vodafone Idea: The telecom operator has called an extraordinary general meeting on 27 June to seek shareholder approval for a ₹20,000 crore ($2.4 billion) capital raise and amendments to its Articles of Association (AoA) aimed at retaining promoter control. Reliance Infra: The National Company Law Appellate Tribunal (NCLAT) has suspended insolvency proceedings against the company after the company argued that it has cleared the entire outstanding amount of ₹92.68 crore owed to Dhursar Solar Power Pvt Ltd (DSPPL). REC: The company has proposed to raise up to ₹1.55 lakh crore through non-convertible debentures (NCDs) on a private placement basis. Force Motors: The company's domestic sales climbed by 24.5 per cent year-over-year to 3,002 units, while total sales increased by 19.4 per cent to 3,088 units. However, the company experienced a sharp decline in exports, which fell by 52.2 per cent. Power Grid Corp: The company acquired MEL Power Transmission Ltd for ₹8.53 crore, to develop a power evacuation system from Mahan Energen in Madhya Pradesh on a build, own, operate and transfer (BOOT) basis. Newgen Software Technologies: The firm secured a $2.5 million order from an international client to supply its products and implement them for digital transformation across multiple business segments.
Time of India
17 hours ago
- Business
- Time of India
KEC International shares in focus after securing orders worth Rs 2,211 crore
KEC International, the RPG Group's infrastructure arm, secured fresh orders worth Rs 2,211 crore across multiple segments, including Transmission & Distribution, Oil & Gas Pipelines, and Cables. With a strong international order book and a 40% year-to-date growth in orders, analysts maintain a 'Buy' rating with a target price of Rs 972, indicating 10% upside from current levels. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads KEC International shares target price KEC International shares performance Shares of KEC International , the RPG Group 's infrastructure arm, will be in focus on Thursday after the company announced fresh orders worth Rs 2,211 crore across multiple business to the company, the Transmission & Distribution (T&D) segment has bagged key orders in the Middle East and the Americas. These include the design, supply, and installation of 380 kV overhead transmission lines in Saudi Arabia, along with the supply of towers, hardware, and poles in the Oil & Gas Pipelines business has received its second international order for terminal station works in Africa, supplementing its ongoing pipeline-laying project in the the Cables business secured orders for the supply of various types of cables in India and overseas."The large order wins in Saudi Arabia have further strengthened our international T&D order book. These wins reaffirm the Middle East and North Africa (MENA) region's strategic importance as a key growth driver for us."Our subsidiary, SAE Towers, has secured a significant tower supply order in Mexico, reflecting an uptick in the North American T&D market. With these orders, our YTD order intake stands at over Rs 4,200 crores, a robust growth of 40 per cent vis-a-vis last year," Vimal Kejriwal, MD & CEO, KEC International, International is a global EPC (Engineering, Procurement, and Construction) company with operations in Power T&D, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. It operates in over 110 countries, including through the supply of towers and cables. It is the flagship company of the RPG per Trendlyne data, the average target price of the stock is Rs 972, which shows an upside of 10% from the current market prices. The consensus recommendation from 24 analysts for the stock is a 'Buy'.On Wednesday, KEC International shares closed at Rs 880.4, up 1.2% on the BSE, while the benchmark Sensex surged 0.32%. The stock has declined 27% year-to-date but gained 26% in the last three months. The company's market capitalisation stands at Rs 23,437 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
17 hours ago
- Business
- Economic Times
KEC International shares in focus after securing orders worth Rs 2,211 crore
KEC International is a global EPC company operating in Power T&D, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. Synopsis KEC International, the RPG Group's infrastructure arm, secured fresh orders worth Rs 2,211 crore across multiple segments, including Transmission & Distribution, Oil & Gas Pipelines, and Cables. With a strong international order book and a 40% year-to-date growth in orders, analysts maintain a 'Buy' rating with a target price of Rs 972, indicating 10% upside from current levels. Shares of KEC International, the RPG Group's infrastructure arm, will be in focus on Thursday after the company announced fresh orders worth Rs 2,211 crore across multiple business segments. ADVERTISEMENT According to the company, the Transmission & Distribution (T&D) segment has bagged key orders in the Middle East and the Americas. These include the design, supply, and installation of 380 kV overhead transmission lines in Saudi Arabia, along with the supply of towers, hardware, and poles in the Americas. The Oil & Gas Pipelines business has received its second international order for terminal station works in Africa, supplementing its ongoing pipeline-laying project in the region. Meanwhile, the Cables business secured orders for the supply of various types of cables in India and overseas."The large order wins in Saudi Arabia have further strengthened our international T&D order book. These wins reaffirm the Middle East and North Africa (MENA) region's strategic importance as a key growth driver for us."Our subsidiary, SAE Towers, has secured a significant tower supply order in Mexico, reflecting an uptick in the North American T&D market. With these orders, our YTD order intake stands at over Rs 4,200 crores, a robust growth of 40 per cent vis-a-vis last year," Vimal Kejriwal, MD & CEO, KEC International, said. ADVERTISEMENT Also Read: MRF snatches India's highest-priced stock crown back from Elcid Investments KEC International is a global EPC (Engineering, Procurement, and Construction) company with operations in Power T&D, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. It operates in over 110 countries, including through the supply of towers and cables. It is the flagship company of the RPG Group. ADVERTISEMENT Also Read: These 10 Nifty microcap stocks can rally 70-200% in the next 12 months As per Trendlyne data, the average target price of the stock is Rs 972, which shows an upside of 10% from the current market prices. The consensus recommendation from 24 analysts for the stock is a 'Buy'. ADVERTISEMENT Also Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4 On Wednesday, KEC International shares closed at Rs 880.4, up 1.2% on the BSE, while the benchmark Sensex surged 0.32%. The stock has declined 27% year-to-date but gained 26% in the last three months. The company's market capitalisation stands at Rs 23,437 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
