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.
