Kalpataru Power bags new orders worth Rs956cr; stock ends higher

The company received orders from India, Africa and the Middle East in T&D business.

Jun 30, 2020 05:06 IST India Infoline News Service

Kalpataru Power Transmission
One of the leading global EPC players in the power and infrastructure contracting sector in India, Kalpataru Power Transmission (KPTL) on Tuesday secured new orders worth Rs956cr. The company received orders from India, Africa and the Middle East in T&D business.

Also, the company's international subsidiary has secured new T&D projects in Europe.

Talking about the new orders, Manish Mohnot, Managing Director & CEO, KPTL said “We are delighted with the new order wins especially in the face of challenging market conditions. These new order wins help us to consolidate our leadership position in the T&D market in India and Africa. We are very pleased with the way our international subsidiary (Linjemontage) continues to gain market traction in the European T&D market.”

Post announcement, the company's stock ended at Rs216.45 per piece on Sensex up by 1.33%.

The stock has touched an intraday high and low of Rs219.90 per piece and Rs212.15 per piece respectively.

KPTL is 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.

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