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to-the-point: KEC's solar business secures USD 27m in new Indian orders

Kamareddy solar park Telangana. Photo by: SkyPower Group (www.skypower.com).

September 3 (Renewables Now) - The solar business of Indian infrastructure engineering, procurement and construction (EPC) company KEC International Ltd (BOM:532714) has won new orders worth a total of INR 1.95 billion (USD 27.5m/EUR 23.7m).

The contracts were signed with various private players across the country, KEC said in a bourse statement without giving more details.

“With the new orders in Solar, we are witnessing a gradual revival in the business outlook of the industry," said Vimal Kejriwal, managing director and CEO.

Overall, the group has secured new orders totalling INR 10.1 billion across its businesses.

(INR 10 = USD 0.141/EUR 0.122)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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