KEC International inks SPA with Adani Transmission

KEC International Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532714 | NSE: KEC

05 Nov 2018 Evaluate

KEC International has signed a share purchase agreement (SPA) with Adani Transmission for selling its entire stake in KEC Bikaner Sikar Transmission at an enterprise value of approximately Rs 227.5 crore.

KEC Bikaner Sikar Transmission is having an operational transmission line of 344 ckt. Kms in the state of Rajasthan from Bikaner to Sikar. This sale is in line with KEC's strategy to focus on its core EPC business.

KEC International is a global infrastructure EPC major. It has presence in power transmission and distribution, cables, railways, water, renewables and civil.

Peers

Company Name	CMP
Larsen & Toubro	3860.00
Kalpataru Projects	1447.10
NCC	137.00
Rail Vikas Nigam	210.30
KEC International	402.50
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