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Orient Paper stock split + KEC Orders

November 14, 2007

In a FAX received just a while ago from Mumbai, The board of Orient Paper & Industries has decided to split / sub-divide the existing equity shares of Rs 10 each into 10 shares of Re 1 each.

KEC International (KEC), the RPG Group transmission line EPC major has bagged two major projects one each in Middle East and North Africa aggregating Rs 637 crore. The order from Abu Dhabi Transmission & Despatch Company is worth Rs 391 crore involving erection of 400 KV double circuit and quad circuit transmission lines of 173 kms. length connecting Fujairah substation to Sweihan substation on turnkey basis. And the order from SONELGAZ of Algeria is worth Rs 246 crore for erection of 400 KV single circuit transmission line from Cheffia to Ain Bedia and from R. Djamel to Djendouba also on turnkey basis. The Abu Dhabi order has to be completed in 24 months and the Algerian order has to be completed in 15 months.

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