Kalpataru and its arms secure orders worth Rs. 2,290 crores

22 Jun 2022 , 12:00 PM

New orders worth Rs 2,290 crore have been received by Kalpataru Power Transmission Ltd and its subsidiaries. According to a company statement, Kalpataru Power Transmission Limited (KPTL), a major international EPC (engineering, procurement, and construction) player in the power and infrastructure contracting industry, and its subsidiaries have received new orders or notification of awards totaling Rs 2,290 crore.

These include Rs 1,416 crore in orders for electricity transmission from foreign markets. Additionally, the business and its subsidiaries were awarded contracts for the construction of an elevated viaduct, five elevated stations, a data center, and B&F (buildings and factories) projects in India totaling Rs 874 crore.

We are excited about the progress in new order wins for our T&D, Urban Infra, and B&F businesses. The additional orders we’ve received in recent months will enable us to broaden our worldwide reach and enhance our order mix across all business sectors.

According to KPTL Managing Director and CEO Manish Mohnot, “this will ultimately increase our skills in the civil, electrical, and heavy infrastructure industries as well as improve our market position in the global EPC area.”

He said that the current quarter’s new order wins of Rs 6,109 crore and L1 position of over Rs 4,600 crore give a clear vision for achieving planned consolidated revenue growth of more than 15% for FY23.