Mumbai: Engineering firm KEC International today said it has bagged a Rs317crore contract from Afghanistan’s Ministry of Energy and Water for construction related work.
“With this win, the total value of orders under execution in Afghanistan is over Rs 500 crore. Additionally, KEC has just completed two important ADB-funded projects there,” company’s Managing Director Ramesh Chandak said in a filing to the BSE.
The contract is being funded by Asian Development Bank and would be completed in 18 months. Power Grid Corporation of India Ltd (PGCIL) is consultant to the project.
Shares of the company were trading at Rs574.35, up 0.50% on BSE in afternoon trade. The contract would be executed in two lots in the north and eastern regions of Afghanistan and will involve turnkey construction of transmission lines, sub stations and power distribution systems.
The company was also awarded a Rs91.50crore turnkey project by Rajasthan Rajya Vidyut Prasaran Nigam for supply and construction of double circuit transmission line at Raj West Lignite Thermal Power Station (RWLTPS) in Barmer.
This line is required to evacuate power from RWLTPS. The job involves design and supply of towers and erection and commissioning work.
The length of the line is 220 kilometres and the project is scheduled to be completed by February 2009.