Kalpataru Power Transmission secures new orders totalling Rs. 1,463 crore
Kalpataru Power Transmission, a leading global EPC player in the power and infrastructure contracting sector, has secured new orders worth of Rs. 1,463 crores.
The order comprises of orders from PGCIL and SEBs for transmission line and GIS Substation for Rs. 672 crore. Further, two orders for laying of pipeline and associated works totalling Rs.581 crores from IOCL and GAIL. And lastly, design, supply, erection, testing and commissioning for railway electrification, including OHE, TSS and associated works from RVNL for Rs. 210 crores in a JV consortium.
With this order win, company’s order book would be around Rs. 14,000 crore which will provide growth of around 15 per cent to 20 per cent for FY19.
KPTL is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution.
On Monday, the stock opened at Rs. 485 per share and touched an intra-day high of Rs. 491.90 on the BSE.