KEC International bags diversified orders
KEC International Ltd, the RPG Group global EPC company, has secured new orders of $155.5 M (Rs.1,140 crore) across its various businesses.
Image source: T&D India
India, Maharashtra: KEC International Ltd, the RPG Group global EPC company, has secured new orders of $155.5 M (Rs.1,140 crore) across its various businesses.
The power T&D business has clinched orders valued at $131 M (Rs.963 crore) in Middle East and Africa.
The company’s relatively new railways division has been mandated with a $15.4 M (Rs.113 crore) order for 2×25 kV overhead electrification and associated works. This domestic order aims at speed upgradation of the Indian Railways network.
The civil business has secured an order of $8.7 M (Rs.64 crore) for infra works in the hydrocarbon segment in India. This is the first time that KEC has won an order relating to the hydrocarbon sector, a company release noted.
Commenting on the new orders, Vimal Kejriwal, MD & CEO, KEC International Ltd, said, “We are pleased with the recent traction in order wins amidst the global uncertainty. The orders secured in international T&D (along with the orders in the domestic T&D announced earlier) have significantly enhanced our order book in our core T&D businesses. Our railway business continues to expand its presence in the emerging areas with its first order in the area of semi high-speed rail. The entry of our civil business in the hydrocarbon segment opens up a large opportunity for us in this growing area.”
Source: T&D India