Mumbai, April 13, 2011: ,KEC International Ltd. (KEC), world leader in power transmission EPC and a diversified global infrastructure major, has won new orders to the tune of Rs. 550 crore from India and Brazil.
The Company has secured turnkey contract for construction of 400 kV transmission lines between Babhaleshwar – Aurangabad and Bhusawal – Aurangabad. The order is secured from the state utility Maharashtra State Electricity Transmission Company Ltd (Mahatransco), India. Total order value is Rs. 367 crores and the completion period is 18 months.
SAE Towers, wholly owned subsidiary, has secured Rs. 183 crore tower supply order in Brazil. The order is received from the client Norte Do Brasil Transmissora De Energia S.A., Brazil.
Including above mentioned orders, the Company has announced total Rs. 1382 crore orders in last 15 days.
“SAE Towers’ acquisition has been very good for us and it happened at the right time. We are seeing huge demand for transmission towers in American markets; KEC and SAE Towers have secured total Rs. 1,350 crore tower supply orders post acquisition.” said Mr Ramesh Chandak, MD & CEO, KEC International Ltd.
KEC International is world leader in power transmission EPC and a diversified global infrastructure major. The Company has a significant presence in the areas of Power Transmission, Power Distribution, Railways, Telecom, Water and Manufacturing of Cables & Towers. The Company has made an indelible mark on the world map by powering infrastructure development in over 45 countries across South Asia, Middle East, Africa and Central Asia & Americas. The Company is the flagship company of the RPG Group and has annual turnover (2009-10) of Rs. 3,907 crore.
RPG Enterprises, established in 1979, is one of India’s fastest growing business groups with a turnover touching Rs. 17,000 crore. The group has more than sixteen companies managing diverse business interests in the areas of Power, Tyre, Infrastructure, IT, Retail, Entertainment, Carbon Black and Speciality.
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