industry transmission tower founded 1945 1 as kamani engineering corp. founder ramjibhai kamani 1 headquarters mumbai india key people vimal kejriwal md & ceo 2 3 revenue 85 billion us 1.3 billion 4 profit 42.27 billion us 630 million 5 number of employees 5 200 6 parent rpg group subsidiaries sae towers 7 website official website kec international limited bse 532714 is india s second largest manufacturer of electric power transmission towers 8 and one of the largest 9 power transmission engineering procurement & construction epc companies in the world . it is headquartered in mumbai india 10 and is part of the 160 billion us 2.4 billion rpg group engaged in laying of power transmission lines on epc globally . 11 it also provides telecom infrastructure services tower testing satellite and gprs surveys and hotline stringing services . it has operations in algeria afghanistan egypt ethiopia ghana kazakhstan kenya mali mozambique namibia nigeria saudi arabia south africa tajikistan and the united arab emirates . contents 1 history 2 acquisition by the rpg group 3 the company today 4 external links 5 references history edit ramjibhai kamani founded kamani engineering corporation kec in 1945 which became the first electric power transmission company in asia and a pioneer in the field of electric power transmission 12 and railway electrification . in 1950 the company received an order from the indian government to supply transmission towers for the prestigious bhakra nangal dam project and a steel tower fabrication plant was established in bombay in partnership with r. foures france . this was augmented by a second unit in jaipur rajasthan and by 1967 kec was supplying three fifths of india s demand for transmission towers . 12 13 by the 1970s kec had carried out turnkey power transmission projects in iran iraq kuwait saudi arabia sudan egypt nigeria algeria mauritius indonesia malaysia thailand the philippines australia new zealand brazil the united states and canada . with eighty per cent of its turnover of almost 800 million us 12 million being earned through exports kec soon became the largest manufacturer of transmission towers in india and the second largest in the world next in rank to sae of italy . 12 13 acquisition by the rpg group edit kec accumulated heavy financial debt during the 1973 oil crisis and the 1979 energy crisis both of which adversely affected international transactions conducted in us dollars as world crude oil prices quadrupled . the company struggled but was bound to completing its project commitments . this resulted in the company incurring heavy losses . 13 financial institutions such as idbi industrial development bank of india had invested some 230 million us 3.4 million in kec and began to worry when kec s financial reports showed a record loss of 44 million us 650 000 . they began to press for professional management . 12 around this time texmaco a k.k. birla company began to show interest in kec but their bid to control the company was frustrated and they backed away . financial institutions stepped in and appointed their nominees to take over control from the kamani family . the company soon began to limp back to profitability as kec s sales climbed from 200 million us 3.0 million in 1972 to 550 million us 8.2 million in 1982 . 12 r.p. goenka chairman of the rpg group had been vying for kec shares for a long time . even after financial institutions has stepped in some members of the kamani family continued to hold a small number of shares in the company . goenka carefully maneuvered to purchase these shares making sure that he did not get trapped in the same pitfalls that had defeated the birla s attempts to take over kec . shareholding negotiations and approvals from financial institutions were sought before the company was put up for court auction by the government . 12 the company today edit today kec international is a 85 billion us 1.3 billion turnover flagship company of the rpg group . the company currently is in the following major business areas power transmission & distribution railway infrastructure water management cables manufacturing solar the company has manufacturing facilities in nagpur jabalpur jaipur tower and steel structurals vadodara mysore and silvassa cables . in march 2010 rpg cables was merged with kec international . 14 in september 2010 kec international acquired houston texas based sae towers a group of operating companies incorporated in the united states mexico and brazil consolidated through sae towers holdings llc . this acquisition created the largest steel lattice tower manufacturer in the world with approximately 300 000 tons of annual production capacity . 15 external links edit the company s official website companies portal references edit a b kec international building a strong future . valuenotes.com . retrieved 3 october 2010 . kec international eyes more buyouts in the us money dna . dnaindia.com . 8 september 2010 . retrieved 3 october 2010 . kec international gets overseas order worth rs678 cr corporate news . livemint.com . 29 december 2008 . retrieved 3 october 2010 . pdf http www.kecrpg.com kec % 20data investor % 20relations financial % 20results financial % 20results % 20 % 20mar % 20 % 202014.pdf . missing or empty title help bse plus . bseindia.com . retrieved 3 october 2010 . kec international ltd 42109771 stock quote & company profile businessweek . investing.businessweek.com . retrieved 3 october 2010 . kec international towering presence . business standard.com . 9 september 2010 . retrieved 3 october 2010 . rpg group s kec international to buy us based sae towers for 95 million . domain b.com . 7 september 2010 . retrieved 3 october 2010 . interview of vardhan dharkar chief financial officer kec international ltd . indiainfoline.com . retrieved 3 october 2010 . transmission kec international . rpggroup.com . retrieved 3 october 2010 . kec international setting up 400 telecom towers in rural areas . the hindu business line . 12 august 2008 . retrieved 3 october 2010 . a b c d e f piramal gita ; herdeck margaret india s industrialists vol . 1 rev. ed . 1986 three continents press washington d.c. a b c ramji h. kamani on wikipedia rpg cables merger with kec international . retrieved 16 may 2011 . kec international acquisition of sae towers . retrieved 15 may 2011 . v t e bse sensex companies of india airtel axis bank bajaj auto bhel cipla coal india dr. reddy s laboratories gail hdfc hdfc bank hero motocorp hindalco hul icici bank infosys itc l & t mahindra & mahindra maruti suzuki ntpc ongc reliance industries sbi sesa sterlite sun pharma tata motors tata power tata steel tcs wipro v t e rpg group companies rpg group cesc limited ceat kec international zensar technologies nitel rpg life sciences spencer s retail foodworld sa re ga ma harrisons malayalam open magazine firstsource notable people r. p. goenka harsh goenka sanjeev goenka franchises atl tico de kolkata football rising pune supergiants cricket retrieved from https en.wikipedia.org w index.php title kec international & oldid 738166781 categories companies established in 1945engineering companies of indiacompanies based in mumbairpg groupbse sensexhidden categories pages with citations lacking titlespages with citations having bare urlsengvarb from may 2014use dmy dates from may 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 7 september 2016 at 09 30 . text is available under the creative 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