“We have extended our global leadership position and are racing towards our goal of being a billion dollar company next year. This year, consolidation has occurred along with significant growth. RPG Group companies National Information Technologies Ltd. and RPG Transmission Ltd. have successfully been merged into KEC in record time and with great success. Top line and profits have grown through the year and we expect to continue on a sustained growth path,” said Mr. Ramesh Chandak, Managing Director & CEO, KEC International Ltd.

“Crossing the record level of Rs. 1000 crore in single quarter (i.e. Q4, 2007-08) for the first time marks a major milestone and augurs well for our growth momentum. Hence, we are delighted to recommend 50% dividend,” said Ramesh Chandak.

Full Year 2007-08 Results

KEC today reported 38% growth in Net Sales for the year 2007-08 at Rs. 2814 crore against Rs. 2040.63 crore in 2006-07. KEC`s Net Profit for the year stood at Rs. 172.16 crore -- an impressive increase of 65% from Rs. 104.64 crore last year.

As a result of this, KEC’s earnings per share (EPS) has grown to Rs. 39.56 from Rs. 27.77 in corresponding period last year – a growth of 42% on an expanded capital base.

Significantly, KEC’s consolidation, via the said merger, has enabled the company to successfully expand its value chain. Going forward, KEC is looking to strengthen its play in the areas of Rural Electrification, Distribution and telecom infrastructure.

KEC is well positioned to build on its strong foundation and leverage both domestic as well as global market opportunities across the infrastructure value chain. In fact, our stated objective is to ‘Build Global Infrastructure’. This includes Railway Electrification, Substations, Telecom, Rural Electrification and Distribution. Even as we continue to grow our top line and profit, we will also develop new markets and ensure we continue working across the value chain,” concluded Mr. Chandak.