Kalpataru Power Transmission receives new orders of Rs. 2290 crores on consolidated basis

Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector, and its subsidiaries have secured new orders / notification of awards of ₹ 2,290 Crores at consolidated level. The details are as follows:

- Orders from international markets in the power transmission business of ₹ 1,416 Crores

- Orders for construction of elevated viaduct & five elevated stations of Kanpur Metro Rail Project, civil works for a data centre and B&F projects in India totalling ₹ 874 Crores

Commenting on the new order announcements, Mr. Manish Mohnot, Managing Director & CEO, KPTL said "We are delighted with the traction in new order wins in our T&D, Urban Infra and B&F business. The new orders secured over the past few months will help us to further diversify our global reach and improve our order mix across business verticals. This will overall improve our market position in the global EPC space along with strengthening our capabilities in civil, electrical and heavy infrastructure businesses.

Our new order wins of ₹ 6,109 Crores and L1 position of over ₹ 4,600 Crores in the current quarter provides us with good visibility to achieve targeted consolidated revenue growth in excess of 15% for FY23."

Shares of Kalpataru Power Transmission Limited was last trading in BSE at Rs. 359.05 as compared to the previous close of Rs. 355.50. The total number of shares traded during the day was 3256 in over 529 trades.

The stock hit an intraday high of Rs. 362.50 and intraday low of 354.95. The net turnover during the day was Rs. 1170159.00.

Source : Equity Bulls

Keywords

KalpataruPowerTransmission INE220B01022 KPTL OrderWins Consolidated