Indian infrastructure firm KEC International has secured two contracts worth approximately Rs8.45bn ($118) in the railway infrastructure sector.
These are the company’s first contracts in the regional rapid transit system (RRTS) and metro sectors in India.
As per the Rs5.8bn contract from National Capital Region Transport Corporation (NCRTC), KEC International will construct stations and an elevated viaduct on the Delhi-Meerut RRTS corridor.
The second contract from Kochi Metro Rail Limited (KMRL) requires the company to construct a viaduct and new stations for the Phase 1 extension of the Kochi metro rail project.
The extension will see Kochi metro rail extended from SN junction to Tripunithura.
KEC International MD and CEO Vimal Kejriwal said: “We are delighted with the order wins in the RRTS and metro sectors, which are in line with our strategy for expanding our railway presence.
“These orders mark our entry into the urban transport sector and further expands our client portfolio. This foray will also help us in building a robust executable order book, thus enabling us to scale up the business and achieve the desired growth plans.”
Part of the $3.7bn RPG Group, KEC International is engaged in EPC works for power transmission, distribution, railways, cables, solar, civil and smart infrastructure.
Headquartered in Mumbai, it has operations in SAARC, EAP, Africa, the Middle East and the Americas. Currently, it is executing infrastructure projects in 30 countries and has a footprint in more than 100 countries.
Last month, the Indian Government allocated $9.62bn for railways in the union budget.
In her maiden budget speech, Indian Finance Minister Nirmala Sitharaman proposed a capital expenditure outlay of Rs1.6tn ($23.4bn) for railways, the highest ever for the sector.
Late last month, reports emerged that Indian Railways has sought government approval to build three dedicated freight corridor networks with a total investment of Rs3tn ($43.53bn).