KEC International

KEC International has secured new orders worth ₹1,754 crore across its transmission and distribution and cables businesses. The T&D unit won large orders for high voltage transmission line towers in the Americas, including what the company described as the largest tower supply order it has ever received from the USA. The cables and conductors business also bagged a set of domestic and international contracts. Managing Director and CEO Vimal Kejriwal said the repeat orders from customers in the Americas reflect growing momentum in that market. With the latest wins, KEC's order intake for the current financial year has crossed ₹4,000 crore.

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KEC International said that Power Grid Corporation of India Limited (PGCIL) has revoked the exclusion order that had barred the company from participating in its tenders and contracts since November 2025. The revocation takes effect immediately, allowing KEC to bid again as a bidder or sub-contractor. The company had been excluded for a nine-month period following undisclosed operational issues, but PGCIL accepted its representations and lifted the ban after about seven months. KEC stated it continues to uphold high standards of corporate governance and compliance.

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** Indian infrastructure engineering firm KEC International KECL.NS secured new orders worth 13.03 billion rupees ($136.03 million) across transmission and distribution, civil, renewables and cables businesses

** Shares of rise 1.34% to 502.50 rupees in Mumbai

TRANSMISSION, RENEWABLES SUPPORT OUTLOOK

** HDFC Securities ("add", TP: 557 rupees) says strong bid pipeline and focus on higher-value transmission projects could support profitability and order inflows over longer term, despite near-term execution challenges

** Motilal Oswal ("buy", TP: 630 rupees) says demand remains strong across domestic and international transmission markets, driven by renewable energy expansion, grid investments and data centre-linked demand in the U.S.

** Dolat Capital ("buy", TP: 630 rupees) says record order book, and rising demand linked to energy transition position KEC for sustained growth, though margin recovery remains key monitorable

** ICICI Direct says co's new orders across segments reflect healthy execution momentum, improve revenue visibility going forward

($1 = 95.7850 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

** Construction company KEC International's KECL.NS shares fall 2.7% to 474.55 rupees, marking their lowest level in three years

** Emkay Global downgrades co to "add" from "buy", lowers TP to 600 rupees from 875 rupees, a 23.1% upside to stock's last close

** Says that while order books remain healthy, execution is likely to stay subdued due to KECL's significant exposure to the Middle East and ongoing labour challenges in India

** Brokerage expects profitability to be affected amid inflationary pressures; lowers FY27-28 earnings estimates by 25% and 18%, respectively

** Eighteen of 20 brokerages rate the stock "buy" or higher; their median PT is 679 rupees

** Around 1.8 million shares at 11.10 am compared to 30-day avg of 1.91 million shares

** YTD, KECL down 35.8% vs 5.6% fall in BSE 500 Index .BSE500

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

** Shares of KEC International KECL.NS slide 8.9% to 499.7 rupees, lowest since May 2023

** Engineering & construction firm posts 28.1% decline in March-quarter consol profit at 1.93 billion rupees ($20.04 million); rev from ops falls 7% to 63.9 billion rupees

** Investec ("Buy": PT: 849 rupees) says while revenue declined due to supply chain issues and labour shortages caused by Middle East conflict, execution remained strong across T&D business

** Flags increase in net debt due to spillover of some collections, higher inventory from delayed dispatches in Dubai, inventory build-up due to volatile steel prices and muted collections in water business

** Stock rated as "Buy" on average by 20 analysts, median PT at 832 rupees - LSEG-compiled data

** YTD, stock down 32.2%

($1 = 96.3000 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

** KEC International KECL.NS shares rise 1.1% to 576.55 rupees

** Construction and engineering firm secures new orders worth 10.02 billion rupees ($105.37 million)

** Orders received across its Transmission & Distribution, Renewables, Transportation and Cables & Conductors businesses

** "Our renewables business has expanded its presence in the Wind Energy segment with a repeat order from an existing customer. The Transportation business has reinforced its position in the technology-enabled ABS segment with these orders" - CEO Vimal Kejriwal

** 18 of 20 brokerages rate the stock "buy" or higher; their median PT is 835 rupees - data compiled by LSEG

** YTD, stock down 20.5% vs a 7.5% decline in the Nifty 50 Index .NSEI

($1 = 95.0912 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

May 5 (Reuters) - KEC International Ltd KECL.NS:

• SECURES NEW ORDERS WORTH 10.02 BILLION RUPEES

Source text: ID:nBSEbsrBhW

Further company coverage: KECL.NS

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April 9 (Reuters) - KEC International Ltd KECL.NS:

• KEC INTERNATIONAL LTD - SPUR INFRASTRUCTURE RECEIVES TAX DEMAND OF 461.9 MILLION RUPEES

Source text: ID:nBSEbVvVDN

Further company coverage: KECL.NS

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April 8 (Reuters) - KEC International Ltd KECL.NS:

• KEC INTERNATIONAL LTD - WINS NEW ORDERS WORTH 25.18 BILLION RUPEES

Source text: ID:nBSE2fx07Z

Further company coverage: KECL.NS

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March 11 (Reuters) - KEC International Ltd KECL.NS:

• SECURES NEW ORDERS WORTH 14.76 BILLION RUPEES FOR T&D PROJECTS

Source text: ID:nBSE7Gq2Yf

Further company coverage: KECL.NS

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Feb 24 (Reuters) - KEC International Ltd KECL.NS:

• SECURES NEW ORDERS WORTH 10.02 BILLION RUPEES

Source text: ID:nBSE4pPytX

Further company coverage: KECL.NS

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Feb 2 (Reuters) - KEC International Ltd KECL.NS:

• SECURES NEW ORDERS WORTH 10.20 BILLION RUPEES

Source text: ID:nBSEyql0k

Further company coverage: KECL.NS

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Jan 30 (Reuters) - KEC International Ltd KECL.NS:

• KEC INTERNATIONAL LTD - DEC-QUARTER CONSOL PROFIT 1.27 BILLION RUPEES

• KEC INTERNATIONAL LTD - DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 60.01 BILLION RUPEES

Source

Further company coverage: KECL.NS

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Jan 1 (Reuters) - KEC International Ltd KECL.NS:

• SECURES NEW ORDERS WORTH 10.50 BILLION RUPEES

Source text: ID:nBSE2mYXGm

Further company coverage: KECL.NS

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Sept 22 (Reuters) - KEC International Ltd KECL.NS:

• KEC INTERNATIONAL LTD - WINS ORDERS WORTH 32.43 BILLION RUPEES IN T&D BUSINESS

Source text: ID:nBSE9zXffZ

Further company coverage: KECL.NS

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** Kernex Microsystems KMIL.NS rises 5% to 1,104 rupees

** Kernex-KEC International KECL.NS consortium gets letter of acceptance from Western Railways at bid cost of 1.51 bln rupees ($17.35 million)

** Kernex says it holds 70% stake in JV with KEC International KECL.NS

** KEC shares nearly flat at 832 rupees

** Total Kavach (indigeneous automatic train protection system) orders from April 2024 to date now stand at 31.36 bln rupees

** YTD, KMIL down 15%, while KECL sheds 30.5%

($1 = 87.2575 Indian rupees)

(Reporting by Komal Salecha)

(([email protected]))

July 28 (Reuters) - KEC International Ltd KECL.NS:

• KEC INTERNATIONAL JUNE-QUARTER CONSOL PROFIT 1.25 BILLION RUPEES

• KEC INTERNATIONAL JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 50.23 BILLION RUPEES

Source text: ID:nBSE2S9vzF

Further company coverage: KECL.NS

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June 25 (Reuters) - KEC International Ltd KECL.NS:

• SECURES NEW ORDERS WORTH 12.36 BILLION RUPEES

Source text: ID:nBSE8fBNNq

Further company coverage: KECL.NS

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** Shares of KEC International Ltd KECL.NS rise as much as 7.6% to 926.65 rupees

** Engineering co reported a 76.7% y/y rise in Q4 consol profit to 2.68 bln rupees ($31.4 mln); rev grew 11.5%

** Adds, transmission and distribution segment, which forms major chunk of total sales, grew 28% y/y

** Stock on track to gain for 5th straight day

** More than 4.9 mln shares traded as of 9:46 a.m. IST, 3.5x their 30-day moving avg

** Mean rating of analysts on stock is "buy"; their median PT is 930 rupees - data compiled by LSEG

** KECL last up 7%, cutting YTD losses to 28.1%

($1 = 85.2590 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

** Construction and engineering firm KEC International's KECL.NS shares rise 2.65% to 802 rupees

** Co wins orders worth 12.36 bln rupees ($144.49 million) across various businesses, including cables and transportation

** With the addition, total order intake for FY25 stands at 246 bln rupees, up 36% y/y

** Stock has risen 11.4% in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

March 25 (Reuters) - Trishakti Industries Ltd TELI.BO:

• TRISHAKTI INDUSTRIES LTD - SECURES CONTRACT FROM KEC INTERNATIONAL

• TRISHAKTI INDUSTRIES - CONTRACT WORTH 15 MILLION RUPEES

Further company coverage: TELI.BO

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** Construction and Engineering firm KEC International's KECL.NS shares jump 7%, on course for biggest daily percentage gains in more than three months

** Co secures orders worth 12.7 billion rupees ($145.8 million) in cables, and transmission & distribution segments

** More than 4 million shares change hands, 4x the six-month average volume

** Co receives transmission line orders from Power Grid Corp of India PGRD.NS, and a deal for supply of towers, hardware and poles in the Americas

** Co has won orders worth $2.7 billion YTD, up 35% from last year, says Vimal Kejriwal, MD and CEO

** KECL trims YTD losses to 40%

(Reporting by Vivek Kumar M)

(([email protected];))

** Shares of KEC International KECL.NS climb 2.5% to 715.8 rupees

** Engineering and construction firm received an income tax refund of 1.77 bln rupees ($20 mln)

** The refund strengthens KECL's liquidity position and enhances financial leverage, co said in a statement

** Stock rated "buy" on avg, median PT is 930 rupees - data compiled by LSEG

** KECL down ~42% YTD

($1 = 87.0425 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Updates

** Shares of Indian railway infra-linked cos Rail Vikas RAIV.NS, Ircon International IRCN.NS, Titagarh Rail TITG.NS, Indian Railway Finance Copr INID.NS, Texmaco Rail TEXA.NS, RailTel RAIT.NS drop 4%-7% on the day

** Road infra-linked cos Larsen & Toubro LART.NS, IRB Infra IRBI.NS, G R Infraprojects GINF.NS, HG Infra HGIN.NS, KEC International KECL.NS also lose 4%-7%

** FY26 capex set at 11.2 trln rupees ($128.58 bln), up 10% Y/Y

** Infra-related capex growth for FY2026 is underwhelming, says J.P.Morgan

** Adds, railways and road capex growth remains flat for the fiscal

** Says, almost the entire growth in FY26 capex driven by investment in items unrelated to infra, including investment in international financial institutions, other economic services

** Infra-linked stocks have been biggest losers in benchmark Nifty 50 and sectoral indexes on Saturday and Monday

** Nifty infrastructure index .NIFTYINFR down 3.2% in two sessions vs 0.8% drop in Nifty 50

($1 = 87.1075 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Indian pipe stocks gain between 1% and 7%

** India extends scheme to enhancing water supply for 4 years till 2028, Finance Minister Nirmala Sitharaman says in union budget

** KEC International's KECL.NS 7% jump the highest, followed by GPT Infra's GPTI.NS 6% climb

** Prince Pipes PRCE.NS up 3.4%, Hi-Tech Pipe HITC.NS rises 1%

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Jan 8 (Reuters) - KEC International Ltd KECL.NS:

• KEC INTERNATIONAL LTD - SECURES NEW ORDERS WORTH 11.36 BILLION RUPEES

• KEC INTERNATIONAL LTD - SECURES 765 KV TRANSMISSION LINE PROJECT ORDER FROM PGCIL

• KEC INTERNATIONAL LTD - YTD ORDER INTAKE REACHES 206 BILLION RUPEES, GROWTH OF 80% Y/Y

Source text: [ID:]

Further company coverage: KECL.NS

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** Shares of KEC International KECL.NS rise as much as 1.7% to 1,232.70 rupees

** Engineering and construction co says it has won order worth 10.97 billion rupees ($127.9 million)

** Project is for setting up 400 kV transmission lines in UAE and for supply of towers, hardware and poles across U.S., Mexico and Brazil

** Share price above 50-day, 100-day and 200-day exponential moving averages since Nov. 14

** Avg rating of 22 analysts equivalent of "buy", median PT is 1,011 rupees - data compiled by LSEG

** Stock rose 103.5% in 2024, best yearly gain since 2017

($1 = 85.7540 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Dec 30 (Reuters) - KEC International Ltd KECL.NS:

• APPROVED INVESTMENT IN KEC ASIAN CABLES UP TO 1.19 BILLION RUPEES

• APPROVED INVESTMENT IN KEC POWER INDIA FOR UP TO 62.5 MILLION RUPEES

Source text: ID:nBSEc5CRyb

Further company coverage: KECL.NS

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Dec 2 (Reuters) - KEC International Ltd KECL.NS:

• KEC INTERNATIONAL - BANGLADESH TAX TRIBUNAL DISMISSES APPEAL BY CO AGAINST VAT DEMAND

• KEC INTERNATIONAL - CO TO CHALLENGE VAT ORDER IN BANGLADESH HIGH COURT

Source text: ID:nBSE4T7tBY

Further company coverage: KECL.NS

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** Shares of KEC International KECL.NS rise 7% to record high of 1,094.7 rupees in early trade, before trimming gains to 4.9%

** Engineering and construction co gets order worth 17.04 bln rupees ($201.8 mln) from Power Grid Corporation of India PGRD.NS to install 765 kV transmission lines and GIS substations

** Stock has traded above its 200-day SMA since Nov 2023, indicating bullish sentiment

** More than 1.2 mln shares traded, 1.6x 30-day moving avg

** Avg rating of 23 analysts covering the stock is "buy," but median PT of 1,002.5 rupees is ~6.4% lower than current price - LSEG data

** KECL extends YTD gains to ~82%

($1 = 84.4540 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))