Wednesday, December 29, 2010

KEC International bags orders worth Rs.1,018 crore

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Power transmission major KEC International Ltd Monday said it has bagged orders worth Rs.1,018 crore for the construction of transmission lines and other civil projects.
KEC-International-LtdIn the transmission segment, the firm secured three orders for constructing 765 kV transmission lines from Rajasthan Rajya Vidyut Prasaran Nigam (RRVPN), Power Grid Corporation of India (PGCIL) and Eskom (South Africa), the company said in a regulatory filing.
The RRVPN order worth Rs.313 crore is for constructing a transmission line between Anta and Phagi in Rajasthan on a turn-key basis (projects sold in a ready-to-use condition).
PGCIL has placed an order worth Rs.130 crore for the supply and construction of 765 kV single circuit transmission lines between Orissa’s Angul to Jharsuguda.
The Eskom order is worth Rs.90 crore, the statement added.
KEC’s wholly-owned subsidiary SAE Towers has also bagged an order worth Rs.246 crore in the Americas.
“We are happy to see continuous order flow from our most of the business segments. This quarter has been very good for our order book. With these orders, our total order intake for the quarter reaches to approximately Rs.2,400 crore,” said Ramesh Chandak, managing director and chief operating officer of KEC International.
The company has also secured orders for civil work from the Indian Railways worth Rs.97 crore.
In the cable segment, KEC International has secured supply orders for telecom cables, low tension, high tension and extra high voltage power cables worth Rs.135 crore.
With these new orders and execution up to last month, the company’s order book stands at Rs.7,400 crore, its highest ever, the company said.
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