KEC International Shares Surge 5% After Bagging Rs 1,030 Crore Orders Across Power and Renewables

Shares of RPG Group infrastructure EPC company KEC International rallied nearly 5% in morning trade on Friday, October 9, 2026, after the firm announced new order wins amounting to ₹1,030 crore across its Transmission & Distribution (T&D), Renewables, and Cables & Conductors divisions.

The stock opened at ₹357.25 on the BSE, up from its previous close of ₹349.85, and advanced 4.8% to touch an intraday high of ₹366.50. On the National Stock Exchange (NSE), the counter had closed at ₹349.60 in the preceding trading session. The sharp uptick comes after a prolonged downturn for the infrastructure player, whose shares have shed 51% year-to-date in calendar year 2026, underperforming the benchmark BSE Sensex, which declined 15% over the same timeframe.

Breakdown of the ₹1,030 Crore Order Intake

The latest contract awards significantly broaden the company’s footprint in both domestic and international energy infrastructure:

• Transmission & Distribution (T&D): The business secured contracts to build a 400 kV transmission line in Bhutan—marking KEC’s re-entry into the country—as well as an additional order for a 380 kV transmission line in Saudi Arabia. In addition, the segment bagged supply agreements for towers, hardware, and poles across the Americas.
• Renewables: KEC’s Renewables unit won an engineering, procurement, and construction (EPC) contract for a 300+ MW wind energy project from a private developer in Southern India, adding a marquee client to its portfolio.
• Cables & Conductors: The unit locked in multiple supply orders for cables and conductors across domestic and overseas destinations.

Order Intake Surpasses ₹8,600 Crore

With these fresh wins, KEC International’s order intake for the current financial year has crossed the ₹8,600 crore mark. This builds on a prior announcement made in mid-September 2026, when the company secured orders worth ₹1,303 crore spanning northern India, Saudi Arabia, and the Americas.

Commenting on the development, Vimal Kejriwal, Managing Director and Chief Executive Officer of KEC International, noted that the T&D division has strengthened its order book via key international wins and geographical re-entry into Bhutan, while the Renewables business continues to gain traction in the wind EPC segment.

Market Context and Outlook

Despite the morning rally, market participants remain watchful. KEC International had touched a 52-week low of ₹348 on October 8, 2026, down sharply from its 52-week peak of ₹893. Analysts point out that sustained execution capabilities and margin recovery will be essential to sustain upward momentum after months of persistent selling pressure across midcap engineering counters.

Tags: KEC International BSE NSE Transmission and Distribution Renewable Energy Infrastructure