KEC International  acquires an EPC company in the Oil and Gas Pipelines sector

By OEM Update Editorial September 21, 2021 10:52 pm IST

KEC International Ltd., one of the global infrastructure EPC major – an RPG Group Company, has entered into a definitive agreement.

The company is to acquire 100% equity in Spur Infrastructure Private Limited  for an enterprise value of Rs 62 crores subject to customary adjustments at closing. The acquisition is expected to be completed within 60 days from the date of agreement.

Spur Infra, incorporated in 2016, is an Indian EPC company engaged in setting up of cross country oil & gas pipelines and city gas distribution networks. In the last three years, Spur Infra has annual revenue in excess of Rs. 100 crores, a profitable track record, technical expertise, and experienced manpower. Spur Infra has an order book of Rs. 600 crores comprising of cross-country pipelines and city gas distribution network projects from marquee customers.

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