KEC International is reportedly planning to acquire a controlling stake in Jyoti Structures, which defaulted on Rs 2,000 crore of bank loans, as its deal with Dubai-based Amin Group is progressing at a slow pace. Lenders may now look at a second option if the deal with Amin falls through.
KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Cables, Railways, Water and Renewables.
