Tuesday, April 15, 2008

KEC International wins New order

KEC International declined 1.17% to Rs 590 at 13:01 IST on BSE despite bagging two contracts worth Rs 155.24 crore from Power Grid Corporation of India for supply and construction of 400 kilovolt double circuit transmission line in Kerala.

The stock hit a high of Rs 599.30 and a low of Rs 582.25 so far during the day. The stock had a 52-week high of Rs 922 on 8 November 2007 and a 52-week low of Rs 501 on 12 June 2007.

The company’s current equity is Rs 49.34 crore. Face value per share is Rs 10.

The current price of Rs 590 discounts its Q3 December 2007 EPS of Rs 55.51, by a PE multiple of 10.63.

On 12 March 2008, KEC International bagged two contracts worth Rs 46 crore from Madhya Pradesh Power Transmission Company for the supply and construction of a 220-kilovolt double circuit transmission.

On 10 March 2008, KEC International bagged a contract worth Rs 482 crore - the single largest order in the history of the company.

In February 2008, the company secured two orders worth Rs 97 crore from Power Grid Corporation of India.

KEC International’s net profit rose 36.9% to Rs 52.30 crore on 27.6% growth in net sales to Rs 708.91 crore in Q3 December 2007 over Q3 December 2006.

KEC's operations range from design, manufacture, supply and construction of turnkey projects of power transmission lines to execution of railway electrification projects, setting up sub-stations and power distribution networks, optical fibre cable (OPGW) installations, turnkey telecom infrastructure services and maintenance of power transmission lines. The company also undertakes rural electrification projects.

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