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Corporate News : Indian-commodity.com

Saturday, November 17, 2007

KEC International Secures Two New Projects Worth Rs 637 Crores

KEC International Ltd has announced that the Company has bagged two major project wins in Abu Dhabi and Algeria worth Rs 391 crores and Rs 246 crores respectively through an international competitive bidding process.

In Abu Dhabi, the Companys job, to be completed in 24 months, is for the Abu Dhabi Transmission & Despatch Company (TRANSCO). It is a turnkey job of 400 KV double circuit and quad circuit transmission lines of 173 kms. length connecting Fujairah substation to Sweihan substation.

In Algeria, for SONELGAZ, the Company will undertake a turnkey job of 400 KV single circuit transmission line from Cheffia to Ain Bedia and from R. Djamel to Djendouba. This project has a completion period of 15 months.

The size of these wins underlines KECs status as among the largest and most sought after Transmission EPC players in the world. The win of Abu Dhabi is our single largest win, in dollar terms, ever. I am delighted with the growth in our international operations through the year thus far, said Ramesh Chandak, Managing Director, of the Company.

In a lighter vein, Mr. Chandak concluded, This is the best Diwali gift for KEC and its stakeholders.

Posted by Indian-commodity at 11:23 AM

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