Kalpataru Power Transmission bags orders worth Rs 900 crore; stock jumps 4 per cent

Kalpataru Power Transmission Limited (KPTL) announced that it has won orders worth Rs 900 crore in its transmission & distribution (T&D) overseas business.   

A part of the order also includes EPC orders for pipeline laying and association work in India. Speaking about the new orders, MD & CEO of KPTL, Manish Mohnot expressed happiness and commented that the company was on track to achieve its targeted numbers for the current financial year. The current year order inflow of the company stands in excess of Rs 5,400 crore and they are favourably placed in projects worth Rs 2,000 crore.   

KTPL is one of the largest and the fastest-growing specialised EPC companies in India, which is engaged in oil & gas pipeline, transmission & distribution, railways, infrastructure development, civil contracting, and many more.  

At 2.45 pm today, the stock of Kalpataru Transmission was trading at Rs 318, higher by 3.25 per cent from its previous close.