KEC International inks pact to buy Spur Infrastructure for Rs 62 crore

21 Sep 2021 CW Team

RPG Group company KEC International Limited has inked a pact to acquire a 100% stake in Spur Infrastructure Private Ltd at an enterprise value of Rs 62 crore.

The acquisition is to be completed within 60 days from the date of the agreement.

KEC International told the media that the acquisition is in line with the company's strategy to expand into various areas of growth.

Vimal Kejriwal, MD & CEO, KEC International Limited, told the media that the company launched the oil and gas pipelines EPC business with the centre's progressive role in the sector. He said that the company's strategy is to diversify the business portfolio into adjacencies.

Formed in 2016, Spur Infra is an engineering procurement and construction (EPC) company that is a major player in India's oil and gas sector. The company sets up oil, gas pipelines, and city gas distribution networks across the country.

Spur Infrastructure generated over Rs 100 crore annual revenue with a profitable track record, experienced workforce, and technical expertise.

The company has around Rs 600 crore order book, including cross-country pipelines and city gas distribution network projects from marquee customers.

Resources

20 Jun 2025

KFED and ADPIC Sign Pact to Boost SME Role in Infrastructure

The Khalifa Fund for Enterprise Development (KFED) and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have signed a strategic agreement to enhance collaboration in infrastructure development and bolster SME participation through the Abu Dhabi SME Champions Programme. The agreement was formalised during the Abu Dhabi Infrastructure Summit at the Abu Dhabi Energy Centre, with signatories Mouza Al Nasri, CEO of KFED, and H.E. Maysarah Mahmoud Eid, Director General of ADPIC. This partnership underscores both entities鈥� commitment to supporting entrepreneurs and accelerating industr..

Infrastructure Urban

20 Jun 2025

DPIIT Partners With YourStory To Boost Inclusive Startups

In a significant step to boost grassroots entrepreneurship, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with YourStory Media Pvt Ltd, a private digital platform focused on startups, innovation, and entrepreneurship.The collaboration aligns with DPIIT鈥檚 objective of promoting inclusive startup growth across Tier II, Tier III, and rural regions of India. Under the Bharat Project, the initiative aims to empower one million entrepreneurs through the use of AI-driven tools, venture launchpads, and regional language storytellin..

Resources

20 Jun 2025

Hitachi Vantara Named Leader in GigaOm Radar for AI-Optimised Storage

Hitachi Vantara, the data infrastructure and hybrid cloud subsidiary of Hitachi Ltd. (TSE: 6501), has been recognised as both a Leader and Fast Mover in the 2025 GigaOm Radar for High-Performance Storage Optimised for AI Workloads. This marks the debut edition of the GigaOm report in this category, spotlighting the company鈥檚 ability to deliver enterprise-ready infrastructure solutions that support the growing demands of AI and machine learning workloads. The GigaOm Radar evaluates vendors based on current capabilities and future-readiness, focusing on performance, innovation, and execut..