Business Daily from THE HINDU group of publications
Tuesday, Jun 27, 2006
Business Daily from THE HINDU group of publications Tuesday, Jun 27, 2006 |
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Corporate
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Outlook KEC Intl bags Rs 198-cr orders from PowerGrid Our Bureau
Mumbai , June 26 KEC International, one of the largest power transmission EPC companies in the world, has received new orders worth Rs 198 crore from Power Grid Corporation of India Ltd (PGCIL). In the first project, KEC's scope of work includes supply and construction of a 200 km long 500 kV High voltage direct current transmission line from Ballia to Sultanpur in Uttar Pradesh. This project is associated with the Ballia-Bhiwadi System under the Powergrid System Development Project. The second project comprises supply and construction of a 122 km long 400kV double circuit Transmission Line from Sagardighi to Parulia. The line will be constructed in West Bengal and is scheduled to be completed by February 2008. This project, valued at Rs 84 crore is associated with the Sagardighi Thermal Power Project. In a press release, Mr Ramesh Chandak, Managing Director, said, "KEC has showed its best ever performance in 2005-06. KEC would continue to grow in both domestic as well as international markets by developing new markets, focusing on value-chain expansion and improving operational efficiencies. At present, KEC is executing projects in a number of countries, namely, Libya, Tunisia, Algeria, Iraq, Afghanistan, Oman, Zambia, Nigeria and Ethiopia. In India, KEC is carrying out various orders for PGCIL, West Bengal State Electricity Board (WSEB), J&K State Power and Development Corporation, Uttar Pradesh Power Corporation Ltd and Powerlinks. KEC International is a part of the Rs 9,500-crore RPG Enterprises. Shares of KEC ended at Rs 263.15, down 12.28 per cent from the previous close on BSE.
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