|KEC International secures new orders of Rs. 400 crore.|
Mumbai, November 08, 2011: ,KEC International Ltd. (KEC), a billion dollar global infrastructure EPC major, has secured three new orders from Saudi Arabia and India for supply and construction of transmission lines on turnkey basis.
The Saudi Arabia , order is for 380 kV double circuit overhead transmission lines. The order is from Saudi Electricity Company (SEC), Saudi Arabia. The order value is Rs. 306 crore and total route length of the line is 169 kms. This order is secured through the Company’s joint venture with Al-Sharif Group, Saudi Arabia. The contract completion period is 24 months.
In India,The Company has secured two new orders for 400 kV double circuit overhead transmission lines; of this one order is from Power Grid Corporation of India (PGCIL) and other from Private customer – VISA Power.
"We are happy to keep the continuous momentum of new orders despite the challenging global economic environment. Our good geographical spread enables us to secure continuous orders across the globe. Last month we secured Rs. 200 crore transmission line order from Ethiopia" said Mr Ramesh Chandak, MD & CEO, of the Company.
KEC International is a billion dollar turnover, global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission, Power Systems, Cables, Railways, Telecom and Water. The Company has powered infrastructure development in 45 countries across South Asia, Middle East, Africa, Central Asia and Americas. It is a flagship company of the RPG Group.
RPG Enterprises, established in 1979, is one of India’s fastest growing business groups with turnover touching Rs. 20,000 crore. The group has more than sixteen companies managing diverse business interests.
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