M&A

M&A

RPG Group co KEC International acquires EPC co Spur Infra for Rs.62-Cr

Mint  

Infrastructure major KEC International Ltd, an RPG Group company, is to acquire 100% equity in Spur Infrastructure Pvt Ltd for an enterprise value of INR 62 crore. The acquisition is expected to be completed within the next 60 days. Spur Infra, incorporated in 2016, is an EPC company engaged in setting up cross-country oil & gas pipelines and city gas distribution networks. In the last three years, Spur had an annual revenue in excess of INR 100 crores, a profitable track record, technical expertise, and experienced manpower. Spur Infra has an order book of INR 600 crore comprising of cross-country pipelines and city gas distribution network projects.