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KEC International clinches Rs.400-crore orders

EM NEWS BUREAU ,  Wednesday, January 18, 2012, 16:28 Hrs  [IST]

KEC International Ltd has secured three new orders from Saudi Arabia and India for supply and construction of transmission lines on turnkey basis.

The Saudi Arabia order is for 380kV double circuit overhead transmission lines. Placed by Saudi Electricity Company (SEC), Saudi Arabia, the Rs306-crore order entails a total route length of 169 km. This order is secured through KEC's joint venture with Al-Sharif Group, Saudi Arabia. The contract completion period is 24 months.

In India, KEC has secured two new orders for 400kV doublecircuit overhead transmission lines; of this one order is from Power Grid Corporation of India and the other from private customer VISA Power.

The PGCIL order worth Rs70 crore is for a 69-km transmission line in Salem, Tamil Nadu, with completion scheduled for 27 months. The Visa Power order is for a transmission line from its Raigarh Plant to New Kotra PGCIL substation in Chhattisgarh. Total order value for the 11-km line is Rs24 crore and the route length of the line is 11 km. The contract completion period is 12 months.

The new orders have taken KEC International's outstanding order book position to Rs8,450 crore, a company statement said.
 
                 
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