An RPG group company, KEC International has announced that it has bagged orders worth a whooping Rs 1,511 crore in various sectors in different countries around the world.
KEC International has announced that it has received new orders worth Rs 868 crore in transmission, power systems, telecom and cables businesses.
The transmission unit of the company received new orders worth Rs 695 crore in India, UAE, Tunisia and the Philippines. The remaining new orders were received by the company’s power systems, telecom and cables divisions.
International infrastructure EPC firm, KEC International Ltd ahs bagged order worth a whooping Rs. 1,253 crore in various segments, according to a company statement.
The company bagged orders through its businesses in transmission, power systems, water, cable and telecom sectors. The company said that it has received orders worth won Rs. 723 crore in for transmission lines and towers from Saudi Arabia, United States and Afghanistan.
New Delhi, April 8 : Power transmission major KEC International Friday said it has forayed into the water business and secured a Rs. 31 crore order from the Madhya Pradesh water resource department.
"The project comprises renovation, repair and remodelling of a canal in Chhattarpur district of Madhya Pradesh," the company said in a regulatory filing.
A group company of RPG group, KEC International Ltd (KEC) on Tuesday announced that it has taken over Jay Railway Signaling Private Limited.
With this, KEC has tried to strengthen its position in the Railways-related businesses as Jay is into the business of providing Railways Signaling Automation Systems & Technology services.
KEC is apt for this kind of work since it has a strong EPC base and it is one of the most important one to be built in railway infrastructure. KEC has already been involved with Indian Railways for setting up a railway track of 5,000 km.
KEC International Limited is one of the largest Power Transmission EPC companies in the world. Company has made an indelible mark on the world map by constantly and consistently re-engineering itself to retain its position of leadership in the areas of quality, technology, capacity and capability.
KEC is supported by multi-location manufacturing facilities and a workforce spread out over 20 countries. KEC has gone from strength to strength successfully exporting towers to over 20 countries and widening its client base across the world.
The 17,000 crore rupees worth of deal between RPG group and SAE Towers of US is finally over after being stranded for two years. The takeover marks the capture of the deal which is worth 17,000 crore rupees and will be done in the name of KEC.
KEC had signed a deal with SAE Holdings by buying stakes from a private equity firm, Acon Investment and at that time it had to pay $95 million.
The takeover deal is going to be cash-free, debt-free in nature and will give KEC access to the regions of US, Canada and other Latin American markets.
KEC International, one of the leading power transmission equipment companies in India, has bagged a distribution order worth Rs 1.32 billion from Maharashtra State Electricity Distribution Company (MSEDCL).
The state-owned company provides the order for electrification works under infrastructure plan phase – II A project on a single point responsibility turnkey basis in Palghar (Kalyan) zone of Maharashtra state.
Last month RPG Group Company KEC International, has pocketed international orders worth Rs 470 crore from Saudi Arabia and Chad in Africa.
KEC International, one of the leading power transmission equipment companies in India, has received three orders worth Rs 470 crore from Middle East and Africa to design, engineer and supply power distribution equipment.
The company secured the first order, which is valued at Rs 300 crore from Saudi Electricity Company for the construction of a power transmission line in Riyadh.
Further, the company picked second order worth Rs 100 crore from ministry of water & electricity, Saudi Arabia for construction of a transmission line.
KEC International, the RPG group company has registered a growth of 50 per cent in its net profit, which surged to Rs 38.23 crore for the first quarter ended June 30, 2009, over the same period last year.
Further, in addition, company's total income from operations also grew to Rs 732.85 crore in the latest quarter, against Rs 610.04 crore in the same quarter previous fiscal.
Till June 30, KEC International's order book stands at Rs 5155 crore, which consists of 58 percent orders from south Asian markets and rest from other international markets.
KEC International (KEC), a global leader in the power transmission EPC business, has won four orders totaling to Rs 471 crore in the domestic market.
The company secured the first two order from North East Transmission Co Ltd. (a Joint Venture of ONGC, IL&FS and Govt. of Tripura) are for supply of towers, hardware, line materials.
The scope of work involves construction of 400 kV D/C Khelerihat - Byrnihat Transmission line in Meghalaya and 400 kV D/C Byrnihat - Bongaigaon Transmission line in the state of Assam.
KEC International Limited, (KEC), a global leader in the power transmission EPC business and an RPG group company, has bagged three orders totaling to Rs 110 crore one of them in Peru, in the South American continent and two in state of Chhattisgarh, India.
The company has informed in a communiqué that it successfully re-entered the South American continent after a decade by bagging a tower supply order from Peru worth Rs 33 crore.
- Eversource Faces Stiff Challenge from ‘Society for the Protection of New Hampshire Forests’ over Burying Power Lines
- In Carolina Local Gas Prices Hits Lowest Levels in Years
- Brent Crude Drops Close to 2008 Low as Fresh Oil Glut Concerns Hit the Market
- Further Drop in California’s Unemployment Rate Reflects a Steady Economy
- Isis Pharmaceuticals Finally Decides to Change Name