The Government of India is making significant investments in the power transmission sector as part of its broader energy strategy for 2024 and beyond. The planned investment is ~Rs. 9.15 lakh crores aimed at enhancing the country’s transmission infrastructure by 2032.
Following are the three transmission stocks that have secured orders of above Rs. 33,000 crores over the past three months, from 1st September 2024 to the present date:
1. KEC International Limited
The company is primarily engaged in Engineering, Procurement and Construction business (EPC) relating to infrastructure inter alia products, projects and systems and related activities for power transmission, distribution, railway, civil, cable and other EPC businesses.
With a market cap of Rs. 32,795.8 crores, the stock surged by around 5.2 percent on BSE to Rs. 1,263 on Friday. The stock has delivered multibagger returns of nearly 103.5 percent YTD and around 24.2 percent in one month.
KEC International secured orders amounting to about Rs. 6,003 crores over the last three months. In the Transmission & Distribution (T&D) segment, the company achieved impressive growth of around 70% in order intake, bringing its YTD orders to over Rs. 9,000 crores.
The company reported a significant year-on-year growth in Q2 FY25, with revenue from operations rising by 13.6 percent to Rs. 5,113 crores and net profit increasing by around 52 percent to Rs. 85 crores.
2. Kalpataru Projects International Limited
KPIL, formerly known as Kalpataru Power Transmission Limited, is a global EPC player with diversified interests in buildings and factories, power T&D, roads and bridges, water pipelines, railway track laying and electrification, oil and gas pipeline laying, etc.
With a market cap of Rs. 21,930.6 crores, the stock surged by around 2 percent on BSE to Rs. 1,325.45 on Friday. The stock has delivered positive returns of nearly 79.3 percent YTD and around 12.3 percent in one month.
KPIL received orders worth a total of ~Rs. 4,447 crores in the last three months. As of Q2 FY25, the company’s order book stood at Rs. 60,631 crores, with a YTD order inflow of Rs. 11,865 crores.
As of 30th September 2024, the T&D segment emerged as the largest contributor, accounting for 37% of the total order book with a contribution of Rs. 22,269 crores.
The company reported a significant year-on-year growth in Q2 FY25, with revenue from operations rising by about 9 percent to Rs. 4,930 crores and net profit increasing by 40 percent to Rs. 126 crores.
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3. Larsen & Toubro Limited
The company is an Indian multinational enterprise engaged in EPC Projects, Hi-Tech Manufacturing and Services. Its Power Transmission & Distribution business vertical is a major EPC player, providing technology-focused, end-to-end solutions for enabling access to clean, reliable electricity.
L&T’s Power T&D vertical offers integrated EPC services and related digital solutions, starting from the establishment of Solar PV plants to smart & efficient T&D networks to last-mile electrification.
With a market cap of Rs. 4.99 lakh crores, the stock surged by around 0.3 percent on BSE to Rs. 3,725.65 on Friday. The stock has delivered positive returns of nearly 3 percent YTD and around 4.3 percent in one month.
L&T received orders worth more than Rs. 33,000 crores during the last three months. In Q2 FY25, the company recorded an order inflow of Rs. 80,000 crores, with an order book of Rs. 5,10,400 crores.
The company reported a significant year-on-year growth in Q2 FY25, with revenue from operations rising by about 21 percent to Rs. 61,555 crores and net profit increasing by nearly 6.6 percent to Rs. 4,099 crores.
Written by Shivani Singh
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