KEC wins new orders, incl oil & gas pipelines

KEC International Ltd. has secured new orders of Rs 1,415 crores in the Civil and Oil & Gas Pipeline businesses in India: 
The order for construction of elevated viaduct along with 11 stations from Chennai Metro Rail Limited (CMRL) in a Joint Venture; Order for civil infra works in the Defence segment from a Defence entity; and Order for laying of oil and gas pipeline from Indian Oil Corporation Limited (IOCL) through the wholly-owned subsidiary, Spur Infrastructure Pvt. Ltd.
Mr Vimal Kejriwal, MD & CEO, KEC International Ltd commented, “We are delighted with our largest order win in Civil business, which has significantly enhanced our order book in the urban infra segment. With this order, we are currently executing seven Metro/ Regional Rapid Transit System (RRTS) projects. The strategic order in Defence further strengthens our portfolio diversification in the Civil business. We are particularly enthused by our first order in the Oil and Gas Pipelines business, post the recent acquisition of Spur Infrastructure. These orders along with the orders announced earlier, reaffirm our confidence in achieving the targeted growth going forward.”
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