KEC Intl issues corporate guarantee of 125 mln Saudi Riyal for JV
This story was originally published at 08:09 IST on 9 April 2026
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MUMBAI – KEC International Ltd. Wednesday said it has issued a corporate guarantee of 125 million Saudi Riyal (over INR 3 billion) for its subsidiary Al Sharif Group & KEC Ltd. KEC Internal gave the guarantee to an overseas bank that had extended its banking facilities to the subsidiary.
KEC International did not specify the bank involved. Al Sharif Group & KEC Ltd. is a joint venture between KEC International and Saudi Arabia's Power Line Contracting Co.
Wednesday, shares of KEC International closed nearly 7% higher at INR 567.60 on the National Stock Exchange. For the December quarter, the company reported a consolidated net profit of INR 1.27 billion on consolidated revenues of INR 60.01 billion. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Shruti Nair
Edited by Avishek Dutta
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