KEC International wins Rs 380 Crore Order in Kazakhstan

KEC International Ltd has announced that the Company has bagged a major Rs 380 crore (US$ 94 million approx.) order in Kazakhstan.

The Company has been mandated to design, construct and commission a 475 kilometre transmission line of 500 Kv in the Ekibastuz-Agadyr section of the North-South Electricity Transit.

This World Bank funded project will be executed over a period of 27 months for the Kazakhstan Electricity Grid Operating Company (KEGOC).

The Company, which has a current order book of over Rs 3000 crore, won this large order via the tendering process against strong competition from Japanese and Korean Companies.

The Company already has an on-going project with KEGOC, valued at over Rs 260 crore, involving the design, construction and commissioning of a 500 kv transmission line over 250 kilometres in the Yukgres Shu section of Kazakhstan's North-South Electricity Transit.

"This success is important to us. KEGOC is to Kazakhstan what Power Grid Corporation is to India. This is a very challenging project. Our people will be working under extreme weather conditions that could touch minus 45 degree centigrade," said Mr. Vimal Kejriwal, Executive Director - International Business, of the Company. "With this win, our strategy of capturing market share in CIS countries has truly begun yielding results. We look forward to leveraging our Kazakh experience across Central Asia," he added.

Source : Equity Bulls

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