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KEC Bolstered T&D Business: Secured New Order from Saudi Arabia

18 September 20243 mins read by Angel One
KEC International secured a new order of ₹1,423 crores for the Design, Supply and Installation of 380 kV Transmission Lines in Saudi Arabia.
KEC Bolstered T&D Business: Secured New Order from Saudi Arabia
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On September 05, 2024, KEC International Ltd, a global infrastructure EPC major, an RPG Group Company, strengthened its Transmission & Distribution business by securing another new order of ₹1,423 crores for the Design, Supply and Installation of 380 kV Transmission Lines in Saudi Arabia.

 

Mr Vimal Kejriwal, MD and CEO of KEC International Ltd, commented, “We are happy with the continuous inflow of orders, especially in our T&D business. These orders in Saudi Arabia, along with the earlier orders in UAE and Oman, have further reinforced our leadership in the Middle East and substantially enhanced our international T&D order book. With these orders, our YTD order intake stands at over ₹11,300 crores, an impressive growth of ~75% compared to last year.” 

 

In the month of August 2024, KEC International Ltd secured new orders in its Transmission and Distribution (T&D) business, including a 400 kV Transmission line in the United Arab Emirates (UAE)  and a 380 kV Transmission line in Saudi Arabia. The company’s management commented that the sustained inflow of orders in the Middle East has substantially expanded our International T&D order book. With the above orders, our YTD order intake stands at ~₹10,000 crores, a stellar growth of 80% compared to last year. These orders, coupled with those announced earlier during the year, reaffirm our confidence in achieving the targeted growth going forward.” 

About KEC International Limited

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has a presence in the verticals of Power Transmission and Distribution, Civil, Railways, Urban Infrastructure, Renewables, Oil & Gas Pipelines, and Cables. 

About RPG Enterprises

Established in 1979, RPG Enterprises is one of India’s fastest-growing business groups, with a turnover of US$4.8 Billion. The group has diverse business interests in Infrastructure, Tyres, Pharma, IT, and Specialty, as well as emerging innovation-led technology businesses.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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