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KEC Intl to acquire railway signalling co

KEC Intl to acquire railway signalling co
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First Published: Tue, Sep 14 2010. 12 50 PM IST
Updated: Tue, Sep 14 2010. 12 50 PM IST
Mumbai: KEC International said on Tuesday it has agreed to acquire Jay Railway Signalling Pvt Ltd for an enterprise value of Rs 139.6 million.
The order book for KEC’s railway business is at Rs 3 billion, while the firm is the lowest bidder for railway orders worth Rs 1.5 billion, managing director Ramesh Chandak said in a statement.
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First Published: Tue, Sep 14 2010. 12 50 PM IST