KEC International (KEC) has signed project/ novation agreements with Warora-Kurnool Transmission (WKTL), a subsidiary of Adani Transmission (ATL) for Rs. 477 crores to complete the balance work of the Transmission lines in the states of Andhra Pradesh, Maharashtra and Telangana and release of the earlier dues of this project. The execution of these transmission lines is expected to commence shortly. ATL had signed agreements with Essel Infraprojects (EIL) in March 2021 for acquisition of WKTL.
Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We are pleased that work on this strategic project interconnecting the West to South is poised to restart. This project along with the current TBCB projects secured from Power Grid Corporation of India (PGCIL) in the last quarter will contribute significantly towards the Revenue growth in the Domestic T&D market.”
