KEC International buys Gujarat company for oil & gas projects

RPG Enterprises’ flagship infrastructure company, KEC NSE 1.54 % International, has diversified into engineering and construction for the oil and gas sector with an acquisition and a key appointment of a senior executive, and has ambitions of bagging big-ticket orders in future, its chief executive told ET.

On Saturday, KEC announced the acquisition of Gujarat-based Spur Infrastructure at an enterprise value of Rs 62 crore. The company had recently appointed former Shell executive Gouri Venkataraman as its chief technology officer.