Infra Stock Jumps 7% After Receiving ₹1,754 Cr Order for Transmission Line in the Americas

Synopsis: An infrastructure engineering company has bagged new orders of Rs 1,754 crore in its transmission & distribution and cables businesses. The contracts include its biggest tower supply order from the US till date, pushing its year-to-date order inflows beyond ₹4,000 crore and bolstering its international presence and project execution pipeline. 

The American T&D market is proving to be a sweet spot for Indian infrastructure EPC players, and one Mumbai-based global major part of one of India’s oldest diversified business houses has just landed its biggest-ever tower supply order from the US, alongside a clutch of other wins.

With a market capitalization of Rs. 14,017 crore, the shares of KEC International Limited were trading at Rs. 551 per share, up by 7 percent from the previous day’s closing of Rs.515, and it is trading at a P/E of approximately 21x.

Order Update

KEC International Ltd. has secured new orders worth Rs.1,754 crore across its various business verticals. In the Transmission & Distribution segment, the company has secured significant orders for the supply of high voltage transmission line towers in the Americas. The Cables & Conductors business has also secured various orders across India and international markets.

Commenting on the wins, MD & CEO Vimal Kejriwal said the company was delighted with the new order inflows, particularly in the tower supply business. He noted that repeat orders from customers in the Americas, including the company’s largest-ever tower supply order from the USA, reflect growing momentum in the American T&D market, and that these wins reinforce KEC’s strategic focus on strengthening its global tower sales business.

With these latest additions, the company’s year-to-date order intake has crossed Rs.4,000 crore, while its record order book including L1 stands at over Rs.25,000 crore.

Financial Snapshot & Business Overview

KEC International is a global infrastructure Engineering, Procurement and Construction major and the flagship company of the RPG Group, one of India’s fastest-growing business conglomerates with a turnover of US$5.2 billion. KEC operates across Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables & Conductors, with a footprint spanning more than 110 countries.

On a consolidated basis for FY26, the company reported revenue from operations of Rs.23,506 crore, up from Rs.21,847 crore in FY25. Operating profit came in at Rs.1,659 crore against Rs.1,683 crore a year earlier, with operating margin at 7%. Net profit for the year rose to Rs.606 crore, compared to Rs.571 crore in FY25, supported by a sharp reduction in interest costs which fell from Rs.839 crore to Rs.664 crore even as other income turned marginally negative.

The fourth quarter told a particularly strong story, with revenue of Rs.6,390 crore and net profit of Rs. 193 crore, sharply ahead of the Rs. 127 crore from the previous quarter, aided by an improvement in operating margin to 7%. 

With a record order book and L1 position exceeding Rs.25,000 crore, the latest wins from the Americas add further depth to an already robust pipeline heading into FY27, even as investors will watch execution pace and margin trends in the cables and conductors segment closely.

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