Kalpataru Power clinches new orders worth Rs 1,397 crore

15 Dec 2022 , 02:34 PM

Kalpataru Power Transmission Limited (KPTL) and its international subsidiaries have received new orders totalling Rs 1,397 crore.

The company has received orders in India and overseas markets in the T&D business.

“These new orders, combined with those announced earlier in the year, have significantly increased our T&D order book and provide good visibility for future growth. We are confident that our T&D business will grow rapidly due to a favourable business outlook and order visibility in key markets,” commented Manish Mohnot, Managing Director & CEO, KPTL on the order win.

With the receipt of these new orders, the company’s YTD FY23 order intake has reached Rs 15,784 crore at a consolidated level.

KPTL is one of the largest specialised EPC firms in power transmission and distribution, oil and gas pipelines, railways, and civil infrastructure. It is currently working on projects in over 30 countries and has a global presence in 67 countries.

At around 2.37 PM, KPTL was trading at Rs550.65 up by 0.86% from its previous closing of Rs545.95 on the BSE. The scrip touched an intraday high and low of Rs558.65 and Rs542.55 respectively.

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