Mumbai, January 4, 2012: KEC International Ltd. (KEC), a billion dollar global infrastructure EPC major, has secured new orders worth Rs.1,253 crore, of this Rs.723 crore orders are in the Transmission business, Rs.253 crore orders are in Power Systems for Substation works, Rs. 123 crore orders are in the Water business, Rs.105 crore orders are in the Cable business and Rs.49 crore is in the Telecom business.
In the Transmission business, the Company has secured orders from Saudi Arabia, United States and Afghanistan. In addition to this, SAE Towers, the wholly owned subsidiary of the Company has also secured orders from United States, Brazil and Mexico.
The Saudi Arabia, order is for construction of 110kV /132kV double circuit overhead transmission lines (68 km) and underground cable works (13 km) on a turnkey basis. The order has been received from the Saudi Electricity Company. The order value is Rs.310 Crore and the contractual completion period is 21 months.
The United States, order is for the supply of 345 kV transmission towers. The order has been secured from Isolux Ingenieria S.A. The order value is Rs.155 crore and it is to be executed in 12 months.
The Afghanistan, order is for construction of 220 kV double circuit overhead transmission lines between Kunduz & Taloqan Substations on turnkey basis. The order is from the client Da Afghanistan Breshna Sherkat. This order is secured under a consortium arrangement. The total order value is Rs.132 crore in which the KEC portion stands at Rs.104 crore. The contract completion period is 18 months.
SAE Towers, the wholly owned subsidiary of the Company, has secured various orders for tower supply from Unites States, Mexico and Brazil. The total value of these orders is Rs.154 crore.
In the Power System business, the Company has secured orders from Kenya, India and Philippines for substation works.
The Kenya, order is secured from The Kenya Electricity Generating Company Limited (KenGen) for completion of 3 nos. of 220/132kV substations along with associated interconnecting transmission lines for Olkaria IV and Olkaria I power stations. The order value is Rs.141 Crore and contractual completion period is 27 months.
The India, order is from Power Grid Corporation of India Ltd (PGCIL) for the construction of 400kV/220kV Tumkur New AIS Substation and 400kV Gooti Substation Extension in Karnataka. The order value is Rs.59 Crore and contractual completion period is 24 months. This is the third 400 kV/220kV substation project for the Company in last one and half year.
In Philippines, the Company has entered into Substation business and secured 2 orders from the National Grid Corporation of Philippines which consists of 230 kV Substation work in Lumban and 138kV Substation work in Colon-Cebu. Total order value of these orders is Rs.53 crore and the contractual completion is 12 months for each order.
In the Water business, the Company has secured 6 new orders to the tune of Rs. 123 crore. Out of these, five orders are from Madhya Pradesh for the construction of Canals from Madhya Pradesh Water Resources Department and one order is from West Bengal for Flood Protection Works from Irrigation and Waterways Department, West Bengal. Including these new orders, the Company’s order book in the Water business has reached at Rs. 300 crore.
In the Cable Business, the Company has secured various orders for supply of Power Cables and Telecom Cables. The total value of these orders is Rs.105 crore.
In the Telecom business, the Company has received a Rs.49 crore order from Power Grid (PGCIL) for establishing 2200 kms of Optical Power Ground Wire (OPGW) communication network under hotline conditions in the Eastern region in India. This includes supply and stringing of OPGW cable and test equipments.
Commenting on these orders Mr. Ramesh Chandak, MD & CEO, KEC International Ltd said "We are happy to start the New Year on a positive note. We have received well diversified orders in terms of geographic and business spread with a good mix of turnkey and supply orders. With these orders worth Rs.1,253 crore, our order book has touched the Rs.9,000 crore mark."
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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