Mumbai, April 17, 2021: KEC International Limited (KEC) has signed project/ novation agreements with Warora-Kurnool Transmission Limited (WKTL), a subsidiary of Adani Transmission Limited (ATL) for Rs. 477 crores to complete the balance work of the Transmission lines in the states of Andhra Pradesh, Maharashtra and Telangana and release of the earlier dues of this project. The execution of these transmission lines is expected to commence shortly. ATL had signed agreements with Essel Infraprojects Limited (EIL) on March 26, 2021 for acquisition of WKTL.
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd commented, “We are pleased that work on this strategic project interconnecting the West to South is poised to restart. This project along with the current TBCB projects secured from Power Grid Corporation of India Limited (PGCIL) in the last quarter will contribute significantly towards the Revenue growth in the Domestic T&D market.”
About KEC International Limited
KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Railways, Civil, Solar, Smart Infrastructure and Cables. The Company is currently executing infrastructure projects over 30 countries and has a footprint in 100+ countries (includes EPC & Supply). It is the flagship Company of the RPG Group.
About RPG Enterprises
RPG Enterprises, established in 1979, is one of India's fastest growing business groups with a turnover of US$ 4 Billion. The group has diverse business interests in the areas of Infrastructure, Tyres, Pharma, IT and Specialty as well as in emerging innovation led technology businesses.