In its Civil business division, KEC International Ltd., a well-known worldwide infrastructure EPC major under the RPG Group, has earned orders totaling ₹1,002 crores. Renowned real estate developers from Northern and Southern India have placed orders with us for residential developments. Furthermore, the business will be building official mansions and necessary facilities for high Defense officers in India.
“We are pleased with the new orders in our Civil business, including our largest order in the Residential segment,” stated Vimal Kejriwal, MD & CEO of KEC International Ltd. The Civil business is still expanding exponentially, as evidenced by the significant repeat orders that have been obtained from current clients across a variety of industries.
With this order, KEC is currently building more than 70 high-rise buildings for marquee clients across the country. These orders reaffirm our confidence that this business will continue to contribute significantly to KEC’s overall growth.
In June 2024, KEC International Ltd., a prominent global infrastructure Engineering, Procurement, and Construction (EPC) company under the RPG Group, announced the acquisition of new orders totaling ₹1,002 crore in its Civil business division.
These contracts encompass significant residential projects in both Northern and Southern India, awarded by esteemed real estate developers. Additionally, the company has been entrusted with the construction of official residences and associated facilities for senior Defence officials across the country.
Expansion in the Residential Sector
This development marks KEC International’s largest order to date in the residential building segment. The projects involve the construction of high-rise buildings, contributing to the company’s extensive portfolio in the residential sector. With this order in Northern India, KEC is now engaged in constructing over 70 high-rise buildings for marquee clients nationwide.
Strategic Importance
The successful acquisition of these contracts underscores KEC International’s robust capabilities in the civil infrastructure domain. The company’s Managing Director and CEO, Mr. Vimal Kejriwal, expressed satisfaction with the new orders, highlighting that they not only expand KEC’s presence in the residential sector but also reinforce its commitment to contributing to national infrastructure development.
Market Response
Following the announcement, KEC International’s shares experienced a positive surge. The stock price rose by over 6%, reaching ₹742.80 on the BSE, which elevated the company’s market capitalization to approximately ₹18,498 crore. This upward movement reflects investor confidence in the company’s growth trajectory and its strategic expansion in the civil infrastructure sector.
Company Overview
KEC International Ltd. is a global infrastructure EPC major, operating across various sectors including Power Transmission & Distribution, Railways, Civil, Urban Infrastructure, Solar, and Cables. As a key player in the industry, KEC continues to demonstrate its expertise by securing and executing large-scale projects, thereby contributing significantly to infrastructure development both in India and internationally.
In summary, the ₹1,002 crore orders in the Civil business not only signify a substantial addition to KEC International’s project portfolio but also highlight the company’s strategic expansion and reinforced presence in India’s burgeoning infrastructure landscape.
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Construction, Infrastructure and Mining
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