KEC International wins $138 M NEOM power contract
India’s KEC International has won $138 M Saudi NEOM power contract.
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India, Mumbai: India’s KEC International has won $138 M Saudi NEOM power contract.
India-headquartered KEC International announced that its transmission and distribution business won a turnkey order of 11.45 billion Indian Rupees ($138 million) for the design, supply and installation of 380 kV overhead transmission line for Saudi Arabia’s giga-project NEOM (smart city).
“Our year-to-date order intake has now surpassed 75 billion Indian Rupees ($900 million), a robust growth of 30 percent vis-a-vis last year,” said Vimal Kejriwal, Managing Director and Chief Executive Officer, KEC International, in a statement published on the Bombay Stock Exchange.
KEC International is a flagship company of the Indian business conglomerate RPG Group.
Source: Zawya