Wednesday, July 11, 2007

Stock Market News: KEC International Ltd has announced that the Company has bagged two contracts in Riyadh

KEC International Ltd has announced that the Company has bagged two contracts in Riyadh, Saudi Arabia and Abu Dhabi, UAE valued to the Company at Rs 176 crores.

The larger value contract comes from the Saudi Electricity Company based in Riyadh, Saudi Arabia and is worth USD 23.4 million (Rs 95 crores) to the Company. This work involves supply, erection, installation and commissioning of 380 KV transmission line comprising a total distance of 53 kms on the outskirts of Riyadh.

The Abu Dhabi project, worth USD 20 million of Rs 81 crores, is from the Abu Dhabi Transmission and Despatch Company (TRANSCO). This project, also won via competitive bidding process, involves the supply, erection, installation and commissioning of 400 KV transmission lines from Taweelah sub station to Yas Island and Bahia sub station to Yas Island - a total of 40 kms.

No comments: