Kalpataru Power appoints Mofatraj Munot as Non-Executive Chairman; stock zooms ~1%

24 Mar 2022 , 11:56 AM

Kalpataru Power Transmission Limited approved the appointment of Mr. Mofatraj P. Munot as the Non-Executive Chairman for five years, effective from m the date of receipt of voting results pursuant to the issuance of a fresh postal ballot notice.

Mr. Mofatraj P. Munot has vast industry experience of more than five decades in Real Estate and Property Development, Civil Contracting, and EPC across the industry spectrum. He is the founder of the Kalpataru Group and has been driving Group’s stellar success ever since. He bagged a lifetime achievement award at the CNBC Real Estate Awards in 2018.

The Company has achieved phenomenal growth under his leadership. His pioneering role in guiding the Company through more than three decades of the journey has led the Company to emerge as one of the largest players in the EPC industry. He also served as the Non-Executive Chairman of Kalpataru Limited, the flagship real estate arm of the Kalpataru Group.

Kalpataru Power Transmission is currently trading at Rs374 up by Rs2.4 or 0.65% from its previous closing of Rs371.60 on the BSE. The scrip opened at Rs376 and has touched day’s high and low of Rs376.25 and Rs372.05 respectively.