KEC INTERNATIONAL & RPG CABLES BOARDS -10/30/2009
Mumbai, October 30, 2009: The Boards of Directors of KEC International Limited (KEC) and RPG Cables Limited (RPGCL) today unanimously approved RPGCL’s merger with KEC, subject to necessary approvals.
The exchange ratio recommended by both boards is 1 (one) share of KEC for every 20 (twenty) shares of RPGCL. KEC will issue 2073068 new shares, thereby increasing its equity capital to Rs. 51.42 crore.
Commenting on the merg
KEC International wins Distribution order worth Rs 132 crores -11/9/2009
Mumbai, November 9, 2009: KEC International Ltd. (KEC), a global leader in the power transmission EPC business and an RPG group company, has won a distribution order worth Rs. 132 crore in the state of Maharashtra.
The order comes from the Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for Electrification works under Infrastructure Plan Phase-IIA Project on a single point responsibility Turnkey basis in Palghar (Kalyan) zone of Maharashtra state.
“We have established ourselves as a strong player in the Power Distribution space in ...
KEC INTERNATIONAL DECLARES 45% DIVIDEND -5/7/2007
Mumbai, May 07, 2007: RPG Group Company, KEC International Ltd. (KEC) today reported that the company’s Board of Directors, in its meeting held earlier in the day, recommended the declaration of 45% dividend i.e. Rs. 4.50 per share of Rs. 10 each.
This comes on the back of KEC earlier reporting Net Profit growth of 112% to Rs. 104.6 crore from last year’s figure of Rs. 49.3 crore. As a result, KEC’s earnings per share (EPS) more than doubled from Rs. 13.58 in 2005-06 to Rs. 27.76 in 2006-07.
Currently, the company boasts an impressi...
KEC International wins Rural Electrification & Substation orders -11/19/2009
Mumbai, November 19, 2009 : KEC International Ltd. (KEC), a global leader in the power transmission EPC business and an RPG group company, has won a rural electrification order in the state of Madhya Pradesh and a substation order in Ghana, Africa.
The Rural Electrification order comes from the Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Ltd. (MPMKVVCL) under the RGGVY programme in the district of Morena in Madhya Pradesh state. The scope covers electrification in 7 blocks, providing connections to approx. 22000 Below Poverty Line families....
KEC Net Profit doubles to Rs. 38 cr, Sales up by_25% to Rs. 572 Crore -1/12/2007
KEC International Limited (KEC) has recorded a sharp growth of more than 116% in its net profit (PAT) at Rs. 38.21 crore for the quarter ended 31st December 2006 as against Rs 17.67 crore in the same period last year. The Company reported gross sales of Rs. 572 crore as against Rs. 458 crore in the same quarter last year, an increase of 25%
Announcing the results, Mr. Ramesh Chandak, Managing Director, KEC said, “KEC continues to perform well on profitability front. Company’s policy of aggressive project execution m...
KEC International wins six new projects worth Rs. 550 crore -12/17/2009
Mumbai, Dec 17: KEC International Ltd. (KEC), a global leader in the power transmission EPC business and a part of the Rs. 15,000 crore RPG Group, has won major orders in Algeria and Abu Dhabi worth Rs. 474 crore and Rs. 76 crore respectively, against international competition.
In Algeria, for CEEG Spa, KEC will undertake five turnkey projects of 400 kV, 200 kV and 60 kV covering both single and double circuit transmission lines worth Rs. 474 crore. The total length of these five projects is 858 km and the completion period ranges from...
KEC International Net Profit surges by 85% -1/25/2010
Mumbai, January 25, 2010: KEC International Ltd., a global leader in the project management business and an RPG group company, today announced its unaudited consolidated results for quarter ended 31st December 2009.
The company's net sales are Rs. 949 crore as against Rs. 887 crore for the corresponding quarter last year, registering a growth of 7%. PAT grew by an impressive 85% to Rs. 46 crore from Rs. 25 crore in the corresponding quarter last year.
The company’s order book is at an all time high at Rs. 6051 crore as on date. Of this 53% come...