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Mumbai, May 1 KEC International Ltd, a major EPC player in the power transmission business, has reported a 101 per cent increase in net profit at Rs 60.6 crore for the fourth quarter compared with Rs 30.1 crore posted during the corresponding quarter of the previous year.

The net sales have increased by 61 per cent to Rs 1,031 crore (Rs 640.9 crore). Currently the company has an order book position of Rs 4,200 crore. Mr Ramesh Chandak, Managing Director & CEO of the company, in a press release, said, crossing the Rs 1,000 crore-mark in net sales in a single quarter (Q4 of 2007-08) was a major milestone for the company. Therefore, the company has recommended a 50 per cent dividend, he said.

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