If you closely follow infrastructure stocks, this update is for you. KEC International Ltd has announced in July 2025 that it has secured new orders worth ₹1,509 crore across multiple segments. With this, the company’s year-to-date (YTD) order intake has crossed ₹7,000 crore, marking another strong milestone in FY26.
Where Did the Orders Come From?
Transmission and Distribution (T&D):
- Construction of 400 kV quad transmission lines within India.
- 500/400/220 kV overhead transmission lines in international markets.
- Supply of towers and poles to customers in the United States and the Middle East.
Transportation (Kavach Technology):
- Joint venture order for Train Collision Avoidance System (TCAS) — also known as Kavach.
- This order will enhance the safety of Indian Railways, a major step in modernizing rail transport.
Cables and Conductors:
- Orders for various types of cables in both domestic and global markets.
CEO’s Statement
Vimal Kejriwal, MD and CEO of KEC International, said:
“These orders will further strengthen our global presence in the T&D segment.”
“Receiving repeat orders from a private developer demonstrates our strong position in the domestic market.”
Company Background
- Parent Group: Flagship company of the RPG Group
- Presence: Operations in 110+ countries across power, railways, civil infrastructure, and solar sectors
- Order Book: Exceeds ₹48,000 crore, including L1 orders (lowest bidder stage)
Financial Highlights
| Parameter | Q1 FY25 | Q1 FY26 | Growth |
|---|---|---|---|
| Revenue | ₹4,520 Cr | ₹5,023 Cr | +11% |
| Profit After Tax (PAT) | ₹89 Cr | ₹125 Cr | +40% |
| EBITDA Margin | 6.5% | 7% | ↑ 50 bps |
| Net Debt | ₹5,600 Cr | ₹5,348 Cr | ↓ ₹250 Cr |
Additional Key Points:
- FII Holding: Increased from 15.42% in March 2025 to 16.02% in June 2025
- Stock Performance: Up 38% from its 52-week low of ₹605
- 10-Year Return: +475% — a true long-term wealth creator
Future Strategy
- Current Order Book: ₹40,000 crore
- Tender Pipeline: Over ₹1.5 lakh crore
- Growth Drivers: Transmission & Distribution, Civil Infrastructure, and Railways
What It Means for Investors
The company’s debt levels have reduced, while profits and margins have improved — a clear sign of operational strength. Its order book remains stable and pipeline strong, ensuring future revenue visibility.
However, investors should note potential risks like delays in global infrastructure projects and rising input costs, which can affect margins.
Conclusion
The new ₹1,509 crore order win reinforces KEC International’s global execution capabilities and leadership in the infrastructure space. The strong Q1 FY26 results highlight the company’s ongoing turnaround story. While the sector remains competitive, KEC’s robust order book, international footprint, and financial discipline make it a solid long-term contender in India’s infrastructure growth story.
