KEC Intl to acquire railway signalling co

KEC Intl to acquire railway signalling co

Mumbai: KEC International said on Tuesday it has agreed to acquire Jay Railway Signalling Pvt Ltd for an enterprise value of 139.6 million.

The order book for KEC’s railway business is at 3 billion, while the firm is the lowest bidder for railway orders worth 1.5 billion, managing director Ramesh Chandak said in a statement.

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