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| KEC International bags Rs 610 cr orders; enters Georgia |
| Press Trust of India / New Delhi Jul 09, 2010, 20:05 IST |
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Power transmission infrastructure arm of the RPG Group, KEC International, has bagged orders worth Rs 610 crore for supply of turn-key transmission lines and cables to various geographies across the globe.
The company said in a filing to the Bombay Stock Exchange (BSE) that in the transmission segment it has received total orders of Rs 487 crore for turn-key transmission lines in Georgia, South Africa, Zambia, Philippines and the UAE.
The company, a leading player in the power transmission field said it is entering Georgia for the first time, from where it has got an order worth Rs 326 crore for construction of transmission line.
"Entering Georgia is a great achievement for KEC," said KEC International Chief Executive Officer and Managing Director Ramesh Chandak, adding, the company has presence in 44 countries.
The Georgian project is for turn-key construction of 400 kv and 500 kv transmission lines, which has to be completed within two years.
KEC further said it has re-entered Zambia, while also bagging an order from South Africa, with a combined value of Rs 66 crore.
The company has re-entered the Far East Asia region after a decade by securing order from Philippines worth Rs 42 crore, it added.
In the cable segment, the company got orders worth Rs 123 crore from various customers for supply of power cables, KEC said.
KEC International is a part of the Rs 16,000-crore RPG Group, headquartered in Mumbai.
Shares of KEC International today settled at Rs 469.05, down by 1.03 per cent on the BSE.
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