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.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
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