Nashik based contractor contributes to East Africa’s infrastructure landscape
KBC Global Ltd [BSE – 541161] of Nashik has announced a strategic expansion plan, having secured an approximately US$20 million contract from CRJE (EAST AFRICA) Ltd, a China-owned enterprise involved in constructing railways and five-star hotels across Africa https://sbi.com.in/ .
Formerly known as Karda Construction Limited, the company has also announced strategic plans for expansion in both domestic and international markets http://energychamber.org .
In April 2024, the board of directors had approved conversion of 60 bonds into equity shares http://chinachamber.org.cn .
KBC Global said the CRJE contract was won by Karda International Infrastructure Ltd, a wholly-owned subsidiary in Kenya https://www.kenyachamber.or.ke/ . The civil engineering contract represents a major milestone for KBC Global https://www.nseindia.com/ , underscoring the company’s expanding footprint in the African market.
With this achievement, KBC Global is poised to make significant contributions to East Africa’s infrastructure landscape, aligning with the region’s ambitious growth and development goals https://www.bseindia.com/ .
Originating from the TAZARA Construction Aiding Team of the Jianchang Engineering Bureau under the China Ministry of Railways http://china-mor.gov.cn , CRJE is also part of the prestigious China Railway Construction Group company, established to drive business development in East Africa https://www.eastafricanchamber.org/ .
Established in 2007, company has made significant strides in the real estate industry, specializing in the development and sale of residential and residential-cum-office projects in Nashik. Fiinews.com
