{"id":338945,"date":"2020-02-25T12:34:51","date_gmt":"2020-02-25T07:04:51","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=338945"},"modified":"2020-02-25T13:49:44","modified_gmt":"2020-02-25T08:19:44","slug":"kec-arm-acquires-automated-transmission-tower-manufacturing-facility-in-dubai","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kec-arm-acquires-automated-transmission-tower-manufacturing-facility-in-dubai\/","title":{"rendered":"KEC arm acquires automated transmission tower manufacturing facility in Dubai"},"content":{"rendered":"<p>KEC International, through its wholly-owned subsidiary KEC Towers LLC, has acquired an automated transmission tower manufacturing facility for \u20b9100 crore. <\/p>\n<p>This facility, with a capacity of 50,000 tonnes per annum, is located in mainland Dubai and was acquired through an auction sale conducted by Emirates Auction Authority, the company said in a statement. <\/p>\n<p>Value-accretive <\/p>\n<p>Talking to BusinessLine, KEC International Managing Director and Chief Executive Officer Vimal Kejriwal said that the acquisition comes at a time when the company is seeing demand pick up in West Asia and North Africa markets. \u201cWe believe this acquisition to be value-accretive to our stakeholders. If we had done this inorganically, it would taken us 3 years in addition to \u20b9300-400 crore in capital,\u201d added Kejriwal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KEC International, through its wholly-owned subsidiary KEC Towers LLC, has acquired an automated transmission tower manufacturing facility for \u20b9100 crore. This facility, with a capacity of 50,000 tonnes per annum, is located in mainland Dubai and was acquired through an auction sale conducted by Emirates Auction Authority, the company said in a statement. Value-accretive Talking to BusinessLine, KEC International Managing Director and Chief Executive Officer Vimal Kejriwal said that the acquisition comes at a time when the company is seeing demand pick up in West Asia and North Africa markets. \u201cWe believe this acquisition to be value-accretive to our stakeholders. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-338945","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=338945"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338945\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=338945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=338945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=338945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}