Kalpataru Power Transmission receives new orders of Rs1,290 crore; Stock surges 1%

4 Nov 2022 , 11:57 AM

Kalpataru Power Transmission Limited (KPTL) & its international subsidiaries has secured new orders/notification of awards of Rs1,290 crores.

As per the filing, the details are as follows:

• Orders in overseas market in the T&D business
• Order for Oil & Gas Pipeline Works in India
• Order for Railway works in Indi

Commenting on the new order announcements, Manish Mohnot, Managing Director & CEO, KPTL said “We are delighted with the new order wins across our business verticals. The T&D orders will help us to consolidate our presence in key T&D markets like Middle East and Latin America.

The new orders in the Oil & Gas and Railways business has further strengthen our order book. KPTL’s total order intake YTD FY23 is around Rs6,890 crore, which reflects significant growth compared to similar period last financial year.

Additionally, we have a strong L1 position and robust business visibility across all our businesses, which gives us confidence to achieve our targeted growth going forward.”

At around 11:59 AM, Kalpataru Power Transmission Ltd is currently trading at Rs471.15 per share up by Rs4.6 or 0.99% from its previous closing of Rs466.55 per share on the BSE.

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