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KEC International inks SPA with Adani Transmission

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 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
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