KEC International acquires tower manufacturing facility in Dubai

KEC International Limited, through its arm KEC Towers LLC, has acquired a transmission tower manufacturing facility with a capacity of 50,000 tonnes per year in Dubai for Rs 1 billion during an auction sale conducted by the Emirates Auction Authority. This unit was previously owned by Gulf Jyoti International LLC Dubai, a joint venture of Jyoti Structures, which is currently undergoing insolvency proceedings in India, and the Gulf Investment Corporation of Kuwait. With this acquisition, KEC International aims to scale up its tower manufacturing capacity and expand its presence in the Middle East and Africa.

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