Kalpataru Power Transmission secures orders worth Rs 1,560 crore

Leading global EPC player in the power and infrastructure contracting sector - Kalpataru Power Transmission Limited (KPTL), has informed the exchange that it has secured new orders/notifications of award of Rs 1,560 crore. 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.

To quote Manish Mohnot, Managing Director and CEO, KPTL, from a filing with the exchange, “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.”

With the continuing momentum in their initiative of divestment of long‐term assets and non-core businesses, the company remains focused on executing its strategy of pursuing growth in targeted core EPC businesses, optimizing capital structure.

Kalpataru Power Transmission Limited (KPTL) is one of the largest specialized EPC companies engaged in power transmission and distribution, oil and gas pipeline, railways and civil infrastructure business. KPTL is currently executing projects in over 40 countries and has global footprints in 62 countries. KPTL has maintained a leadership position in all its major businesses backed by strong organisational capabilities, superior technical know-how, and adherence to top‐class sustainability standards. 

Shares of Kalpataru Power Transmission opened at Rs 365 on Thursday (December 30) and zoomed 7.21 per cent to touch a high of Rs 382 on BSE on an intra-day basis.