Kalpataru Power bags orders worth Rs 979 crore

Kalpataru Power Transmission Limited, which is a leading global EPC player in power and infrastructure contracting sector has bagged new orders worth Rs 979 crore.

The company has secured these orders from India and the Middle East in T&D business. Its international subsidiary has won new T&D projects in Europe. It has also bagged orders for railway electrification and gauge conversion works in India. These new orders will help the company to strengthen its T&D and Railways order book and enable it to deliver sustainable growth and profitability, going forward.

Last month, Kalpataru Power’s subsidiary, JMC Projects, had secured orders worth Rs 615 crore for institutional and commercial building projects in East and South India.

The consolidated order book of the company, as on September 30, 2019, stood at Rs 24,832 crore. Of the total order book, 72 per cent came in from domestic and 28 per cent from international segment. The order book comprises of T&D – 33 per cent, B&F – 23 per cent, Industrial – 2 per cent, Railways – 16 per cent, Oil & Gas – 11 per cent, and Civil Infra – 14 per cent. This order book has given a revenue visibility for next 2-2.5 years.

On Tuesday, the stock of Kalpataru Power opened at Rs 401 on the BSE. During the morning trading session, it was up by 2.4 per cent to Rs 410.85 from its previous close of Rs 401.20.