Kalpataru Power secures orders worth Rs1,842 crore on a Consolidated basis

The company also informed that it bagged new orders in overseas markets for its T&D business.

July 29, 2022 10:56 IST | India Infoline News Service
Kalpataru Power Transmission Limited (KPTL), a global EPC player in the power and infrastructure contracting sectors, along with its subsidiaries have secured new orders/notification of awards totaling Rs1,842 crore at a consolidated level.

The company has received an Order for Metro Rail Electrification in India, secured through a joint venture/consortium. It further received another Composite Railway Project in India through its Joint Venture.

The company also informed that it bagged new orders in overseas markets for its T&D business.

Company’s subsidiary JMC Projects India has also received B&F Projects in India worth Rs632 crore.

Manish Mohnot, Managing Director & CEO, KPTL commented on the orders, “These new orders allow us to enter a high-growth infrastructure segment, such as Metro Rail Electrification. Simultaneously, with the acquisition of new clients and expansion of our geographical reach, we continue to strengthen and consolidate our leadership in the T&D and B&F businesses.”

He added further, “With the above orders, our current year order inflows have reached approximately Rs8,000 crore, and we have an L1 position of over Rs7,000 crore, giving us good visibility to achieve our targeted consolidated revenue growth of more than 15% for FY23.”

Kalpataru Power Transmission was trading at Rs370.15 down by Rs1 or 0.27% from its previous closing of Rs371.15 on the BSE. The scrip opened at Rs378 and has touched intraday high and low of Rs378 and Rs368.40 respectively.

For any queries related to the article, please contact: ankur.chandra@iifl.com 

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