Wednesday, May 14, 2008

KEC International wins New order

KEC International slipped 0.44% to Rs 593 at 10:15 IST on BSE even as the company said it has secured a contract worth Rs 111.41 crore from Power Grid Corporation of India for supply and construction of 400 kilovolt transmission lines.

The stock hit a high of Rs 593.50 and a low of Rs 585 so far during the day. The stock had a 52-week high of Rs 922 on 8 November 2007 and the stock hit 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 593 discounts its Q4 March 2008 annualised EPS of Rs 49.18, by a PE multiple of 12.06.

In April 2008, KEC International bagged 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.

On 12 March 2008, the company 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 100.9% to Rs 60.66 crore on 60.2% rise in net sales to Rs 1031.03 crore in Q4 March 2008 over Q4 March 2007.

KEC International, a RPG group company, is one of the largest power transmission engineering, procurement and construction (EPC) companies.

No comments: