KEC International is hopeful of reducing debt by nearly Rs 300 crore in Q3FY15 and is eyeing an improvement in debt equity ratio from Q2FY15. The company also expects a good improvement in margins next year.
The company has executed a sale deed with Ardent Properties (Ardent), a 100% subsidiary of Tata Housing Development Company and has completed all the formalities of said sale. Further the company has also received full consideration of Rs 212.35 crore from Ardent.
KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has a presence in the verticals of power transmission, power systems, cables, railways, telecom and water.
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