KEC International wins key Saudi power project contract
A unit of RPG Enterprises, one of India's fastest-growing business groups with a turnover of $5.2 billion, KEC International has a footprint in 110+ countries and is involved in the verticals of power transmission and distribution, civil, transportation, renewables, oil and gas pipelines and cables.
KEC International also secured its second international order for terminal station works in Africa in addition to its ongoing pipeline laying project in the region.
This comes as part of the new orders worth Rs22 billion ($258.7 million) snapped up by the group across various businesses.
In addition to the Saudi contract, its Transmission & Distribution business has secured orders for supply of towers, hardware and poles in the Americas along with cable work projects in India and overseas.
On the big contract win, Vimal Kejriwal, MD & CEO, said: "We are delighted by the order wins secured across businesses, especially on the international front. The large order wins in Saudi Arabia have further strengthened our international T&D order book."
"These wins reaffirm the Mena region's strategic importance as a key growth driver for us. Our subsidiary, SAE Towers has secured a significant tower supply order in Mexico, reflecting an uptick in the North American T&D market," he stated.
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