The management wants to position the company as an engineering major, and not just an EPC company. In the T&D space, it has proved its mettle. However, it is trying to build similar capabilities in the non-T&D segment. It wants to be the first port of call for the engineering part of the EPC business. Once it gets into engineering, the per client quantum of ordering would increase substantially. As per management, the company will drive this transformation organically.
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Spur Infra is an Indian EPC company that sets up cross-country oil and gas pipelines and city gas distribution networks. It has an order book of Rs 600 crore comprising cross-country pipelines and city gas distribution network projects from marquee customers.
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Speaking about the acquisition KEC MD and CEO Vimal Kejriwal said: “We launched the oil and gas pipelines EPC business in line with the Government’s thrust in the sector and our strategy to diversify the business portfolio into adjacencies. This acquisition will enable us to accelerate growth in this business portfolio into adjacencies. This acquisition will enable us to accelerate growth in this.”
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