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Kalpataru Power Transmission Ltd receives new orders of Rs. 1322 crores

Posted On: 2018-11-15 15:27:23

Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector has secured new orders / notification of award of Rs.1,322 Crores. The details are as follows:

- Transmission & Distribution business has secured orders in India, Bangladesh, Abu Dhabi and Peru totalling Rs.943 Crores

- Composite order for railway infrastructure construction from RVNL for Rs.379 Crores in a consortium

Commenting on the new order announcements, Mr. Manish Mohnot, Managing Director & CEO, KPTL said "We are happy to announce the major order wins in our core T&D business. The new order includes large orders from Bangladesh and Abu Dhabi, which reinforces our focus on SAARC and Middle East apart from our established presence in African market. The new order in our railway business reaffirms that Railways will continue to be a key growth driver going forward. Our order book continues to grow with the influx of new orders and we remain confident to meet our revenue and margin guidance for financial year 2018-19."

Shares of KALPATARU POWER TRANSMISSION LTD. was last trading in BSE at Rs.356 as compared to the previous close of Rs. 359.1. The total number of shares traded during the day was 12420 in over 568 trades.

The stock hit an intraday high of Rs. 367 and intraday low of 351.1. The net turnover during the day was Rs. 4466171.


Source: Equity Bulls

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