‘We are bidding for more oil & gas orders in West Asia’

KEC International, the engineering, procurement and construction (EPC) company of the RPG Group, recently bagged its first order in the oil & gas segment in West Asia.

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The company was also in the news after it was barred by the state-run Power Grid Corporation from new tenders for nine months for "alleged transgression of contractual provisions". In an interview with Raghavendra Kamath, its MD and CEO Vimal Kejriwal talks about the company's plans in West Asia, future prospects, as well as the Power Grid ban. Excerpts:

How do you look at the Power Grid action?

We do not foresee any material impact on our ongoing operations or financial position. Based on the robust tender pipeline of over ₹1,80,000 crore and healthy L1 position (where the company is the lowest bidder) of over ₹4,000 crore, we are confident of achieving our annual order intake target.

Since you have got your first oil and gas order in West Asia, will you explore more opportunities in the region?