Financial Daily from THE HINDU group of publications
Thursday, Jul 01, 2004
Financial Daily from THE HINDU group of publications Thursday, Jul 01, 2004 |
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Corporate
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Announcements KEC Intl bags Rs 365-cr order in Abu Dhabi Vimala Vasan
Abu Dhabi , June 30 KEC International Ltd (KEC) has been awarded a new order worth Rs 365 crore in Abu Dhabi, by the Abu Dhabi Water and Electricity Authority (ADWEA). This is one of the largest orders awarded by ADWEA. The order includes supply and installation of approximately 145-km-long 400KV double circuit Overhead Lines from Shuweihat to Madinat Zayed and 54-km-long 220KV double circuit Overhead Lines, according to a statement from KEC made available to Business Line. The ADWEA Project has to be executed within 22 months. The company is having presence in Abu Dhabi since last 10 years and has already executed orders worth more than Rs 1,100 crore for ADWEA till now and currently orders aggregating Rs 285 crore are under execution. Announcing this, Mr R.D. Chandak, Managing Director, said: ``KEC's long standing experience and skills in the Middle East market have helped it bag this large order from the Abu Dhabi authorities. This helps us in maintaining KEC's leadership position in the Global Transmission market." The company's present order book position stands at Rs 2,300 crore. KEC has also improved its position in the domestic market with contracts worth Rs 700 crore in its order book.
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