KEC International - Scheme of Arrangement

KEC International Ltd has informed that the Scheme of Arrangement between the RPG Transmission Ltd ('RPGT') and National Information Technologies Ltd ('NITEL') and MP Power Line Ltd has been approved by the Hon'ble High Court of judicature at Bombay vide their Orders dated January 18, 2008 and by the Hon'ble High Court of judicature at Jabalpur vide their Orders dated January 24, 2008 and January 25, 2008. The Scheme shall become effective on receipt and filing of the Certified Copies of Orders of the Hon'ble High Courts of judicature at Bombay and Jabalpur with Registrar of Companies, Maharashtra and Registrar of Companies, Madhya Pradesh respectively.

KEC International gets awards

KEC International Ltd has announced that the Company has bagged two contracts in Saudi Arabia and Namibia worth Rs 260 crores and Rs 140 crores respectively through an international competitive bidding process.

In Saudi Arabia, the contract, to be completed in 22 months, is for the Saudi Arabian Mining Company (MA'ADEN). It is a turnkey job of 380 KV double circuit transmission lines of 123 Kms. length connecting Saudi Arabia Electricity Company's substation to MA'ADEN Power Plant Site at Ras Az Zawr. The Company had earlier won a project in Saudi Arabia worth Rs 95 crores in June 2007.

In Namibia, the Company has been awarded a turnkey job of 350 KV double circuit bipolar HVDC transmission line of 306 Kms. from Bagani to Zambezi for NAMPOWER. This project has a completion period of 22 months.

"Both these orders are very significant for KEC. The Saudi Arabian contract is from a mining Company which marks an expansion of our client base from the current clientele which largely comprises of utilities", said Ramesh Chandak, Managing Director, of the Company. "The turnkey job in Namibia along with a tower supply order obtained earlier in South Africa, marks our full-fledged entry into the South African Development Council (SADC) market. With this entry, KEC can now boast of complete geographical coverage of the African continent", he continued.

KEC International bags orders

KEC International Ltd has announced that the Company has bagged two major project wins in Abu Dhabi and Algeria worth Rs 391 crores and Rs 246 crores respectively through an international competitive bidding process.

In Abu Dhabi, the Company's job, to be completed in 24 months, is for the Abu Dhabi Transmission & Despatch Company (TRANSCO). It is a turnkey job of 400 KV double circuit and quad circuit transmission lines of 173 kms. length connecting Fujairah substation to Sweihan substation.

In Algeria, for SONELGAZ, the Company will undertake a turnkey job of 400 KV single circuit transmission line from Cheffia to Ain Bedia and from R. Djamel to Djendouba. This project has a completion period of 15 months.

"The size of these wins underlines KEC's status as among the largest and most sought after Transmission EPC players in the world. The win of Abu Dhabi is our single largest win, in dollar terms, ever. I am delighted with the growth in our international operations through the year thus far," said Ramesh Chandak, Managing Director, of the Company.

In a lighter vein, Mr. Chandak concluded, "This is the best Diwali gift for KEC and its stakeholders."

RPG Transmission, NIT, MP Power and KEC International scheme of arrangement

RPG Transmission Ltd has informed that the Court Convened meeting of the Equity Shareholders of the Company held on November 02, 2007, have approved the Scheme of Arrangement between the Company and National Information Technologies Ltd and MP Power Line Ltd and KEC International Ltd and their Respective Shareholders, with any amendment.

KEC International

KEC International Ltd has announced that the Company has bagged a major Asian Development Bank funded contract from Afghanistan's Ministry of Energy & Water through an international competitive bidding process. Power Grid Corporation of India Ltd (PGCIL) is consultant to the project, which will be completed in 18 months.

The special feature of this prestigious win is its composite nature. To be executed in two lots in the North and Eastern regions of Afghanistan, this order, in totality, involves turnkey construction of 2 X 110 KV Transmission lines totaling over l00 kms; 4 Sub Stations and; 8 power Distribution Systems of 20 KV each.

"The size and composite nature of this win underlines KEC's status as the largest and most sought after Transmission EPC player in Afghanistan. With this win, the total contract value of orders, under execution in Afghanistan, is over Rs 500 crore. Additionally, KEC has just completed two important ADB funded projects there. We have received a great letter of appreciation from the Japanese consultants who tend to be sparing in their praise — especially on quality," said Ramesh Chandak, Managing Director of the Company.

In Raiasthan, the Company has been awarded a Rs 91.50 crores contract by Rajasthan Rajya Vidyut Prasaran Nigam Ltd for Supply and Construction of 400kv Double Circuit Transmission line from 400Kv sub-station at Raj West Lignite Thermal Power Station, (Barmer) to 400KV sub-station at Jodhpur, on turnkey basis.

This line is required to evacuate power from Raj West Thermal Power Station. The job involves design and testing of all the four types of towers, supply of towers, line materials, erection and commissioning. The length of the line is 220 Kms and the project is scheduled to be completed by February 2009.