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MoneyWorks4Me

The RPG Group company, KEC International, has acquired Jay Railway Signaling, a railways signalling automation systems and technology company, for Rs 13.96 crore (enterprise value). Jay Signaling undertakes turnkey signalling contracts for the Railways.

 

This is a strategic acquisition for KEC as it enables the company to offer the entire range of services in railway infrastructure projects globally. To diversify its portfolio, KEC took a strategic decision to create a separate railway division and now it has a clear visibility of Rs 450 crore with orders of Rs 300 crore and L1 position in another Rs 150 crore.

 

The acquisition will help KEC pre-qualify for rail contracts. KEC is already into track electrification and civil works and has electrified over 5,000 km.

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Peers
Company Name CMP
Larsen & Toubro 3842.10
Kalpataru Projects 1357.95
NCC 118.20
Rail Vikas Nigam 186.10
KEC International 344.05
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