Kalpataru Power Transmission Ltd receives new orders of Rs. 1560 crores

Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector has secured new orders / notifications of award of Rs. 1,560 Crores. The details are as follows:

- Orders from India, Africa, CIS and South America in the power transmission business
- 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, especially that all these orders are in our core power T&D business. These orders in the T&D business reaffirms our confidence in the strong growth of this business going forward. With reduced volatility and good visibility across all our businesses, we are confident to reach our targeted margin and build a strong order book."

Shares of Kalpataru Power Transmission Limited was last trading in BSE at Rs. 356.30 as compared to the previous close of Rs. 363.45. The total number of shares traded during the day was 17797 in over 1129 trades.

The stock hit an intraday high of Rs. 368.30 and intraday low of 354.80. The net turnover during the day was Rs. 6404237.00.

Source : Equity Bulls

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