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KEC International inks pact to acquire 100% stake in Spur Infrastructure

20 Sep 2021 Evaluate

KEC International has entered into a definitive agreement to acquire 100% equity in Spur Infrastructure for an enterprise value of Rs 62 crore subject to customary adjustments at closing. .

Acquisition of Spur Infra is in line with KEC's strategy to diversify into adjacent areas of growth. KEC's proven project management capabilities and extensive experience of executing cross-country linear projects and managing Right of Way (RoW), along with Spur Infra's technical knowhow, experienced manpower and relevant pre-qualifications will enable KEC to capture the lucrative growth opportunities in the oil and gas cross-country pipelines EPC sector in India as well as in international markets.

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

KEC International Share Price

580.10 10.85 (1.91%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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