KEC International wins Rs 2,872 crore order for 765 kV power lines
KEC International received Rs 2,872 crore of orders from PGCIL for 765 kV lines that will evacuate 8.5 GW of renewable power from Gujarat, per Moody's.
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what happened
India's KEC International has received orders worth Rs 2,872 crore from Power Grid Corporation of India for designing, supplying and installing 765 kV transmission lines. The details come from a regulatory filing dated October 24, as reported by Moody's.
The projects will carry 8.5 gigawatts of renewable energy out of Gujarat into the grid. The company said this is the largest single order ever won by its India transmission and distribution business. Since the start of the current financial year, KEC's order intake has passed Rs 13,500 crore, of which about Rs 9,500 crore comes from T&D.
KEC shares closed about 1.5% lower at Rs 327 on the National Stock Exchange on October 23 and have fallen nearly 56% so far in 2026.
why it matters
The news is company-specific, but it shows that demand for power grids in India is rising alongside higher electricity consumption and renewable generation. The order improves revenue visibility for KEC, though the steep share price decline this year suggests investors remain cautious. For the broader market, the impact is limited.
market impact
KEC International shares: large order supports revenue outlook, but the stock remains under pressure
tags
instruments
sources
- KEC International Bags Rs 2,872 Cr Power Grid Orders For kV765 Lines — Moody's, 24 October 2026 at 08:35 UTC
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