Kalpataru Power Transmission Limited receives new orders of Rs. 625 crores

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. 625 Crores. The details are as follows:

- Orders from Africa in the power transmission business
- Order for railway electrification in India
- KPTL's international subsidiary has secured new power transmission projects in Europe

Commenting on the new order announcements, Mr. Manish Mohnot, Managing Director & CEO, KPTL said "We are delighted with the new order wins in our power transmission and railways business. The new orders in the T&D business provides us with a strategic entry in a new country in the African market, demonstrating sheer focus on strengthening our presence in key markets.

Our order wins for 2020-21 has reached around Rs.8,500 Crores at standalone level and has exceeded Rs.16,000 Crores at consolidated level. Our diversified order book, robust execution capabilities and strong balance sheet position gives us confidence of growth from a long-term perspective."

Shares of KALPATARU POWER TRANSMISSION LTD. was last trading in BSE at Rs.377.45 as compared to the previous close of Rs. 368.45. The total number of shares traded during the day was 9183 in over 585 trades.

The stock hit an intraday high of Rs. 380.55 and intraday low of 368.45. The net turnover during the day was Rs. 3432961.

Source : Equity Bulls

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