Stock Report

Kalpataru Power Transmission Ltd receives new orders of Rs. 2456 crores

Posted On : 2023-02-03 09:23:19( TIMEZONE : IST )

Kalpataru Power Transmission Ltd receives new orders of Rs. 2456 crores

Kalpataru Power Transmission Limited (KPTL) & its international subsidiaries has secured new orders / notification of awards of Rs. 2,456 Crores. The details are as follows:

- Residential & commercial buildings construction projects in India of Rs. 1,427 Crores
- Orders in India and overseas markets in the T&D business of Rs. 498 Crores
- Railway project in India of Rs. 299 Crores
- Oil & Gas pipeline project in India of Rs. 232 Crores

Commenting on the new order announcements, Mr. Manish Mohnot, Managing Director & CEO, KPTL said "We are delighted with the consistent order inflows across most of our businesses. The new orders in the B&F business have enhanced our order book and further diversified our client base. The orders in the T&D business further consolidate our leadership position in key international markets. The orders in the Oil and Gas and Railways strengthensthe business' order book and improve revenue visibility.

With these orders, our YTD FY23 order intake stands at Rs. 19,487 Crores, a growth of over 35% compared to the similar period last year. These orders along with our existing order book and robust business visibility across all our flagship businessesreaffirm our confidence in delivering robust growth going forward."

Shares of Kalpataru Power Transmission Limited was last trading in BSE at Rs. 515.10 as compared to the previous close of Rs. 515.50. The total number of shares traded during the day was 13230 in over 1304 trades.

The stock hit an intraday high of Rs. 524.30 and intraday low of 512.85. The net turnover during the day was Rs. 6833397.00.

Source : Equity Bulls


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