KEC International gets order worth Rs 636 crore

KEC International has got an order worth Rs 636 crore, the largest the company has ever got, from Egyptian Electricity Transmission Company for the design, supply and construction of circuit lines. The contract would be funded by the European Investment Bank and the Egyptian National Bank. The Egypt order is part of the total Rs 756 crore that the company has got from other international contracts including from Australia and Tajikistan. The company’s order book is currently at Rs 5,000 crore. However the ongoing liquidity crunch and the slow demand in various markets have prompted KEC to postpone its capex programme of Rs 180 crore for the current fiscal.