KEC International gets overseas order worth Rs678 cr

KEC International gets overseas order worth Rs678 cr

Mumbai: Power equipment maker KEC International on Monday said it has bagged two orders aggregating Rs678 crore from Egypt and Australia for construction of power transmission lines.

In a filing with the Bombay Stock Exchange, KEC International said it has received an order worth Rs636 crore from Egyptian Electricity Transmission company.

The scope of work includes design, supply and construction of 500 kV double circuit lines. The project is scheduled to be completed in 24 months.

The order valued at Rs636 crore would be funded by European Investment Bank and the Egyptian National Bank, it added.

“The highlight of the project is that it involves taking the transmission lines across the mighty lines Nile river in Egypt twice, which showcase our multi-terrain management skills" KEC International chief executive officer and managing director Rameshh Chandak said.

The company has also won a contract of Rs42 crore from Australia.

On 19 December, RPG group company had bagged an order worth Rs88 crore from Tajakistan.

Shares of KEC International were trading at Rs145.50, down 4.02% on the BSE.