iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Kalpataru Power in demand after multiple order wins

12 May 2022 , 01:49 PM

Kalpataru Power Transmission secured orders worth Rs 1,957 crore from India and international markets in the power transmission business. The company also received an order for oil & gas pipeline projects in India and Middle East worth Rs 169 crore. Meanwhile, JMC Projects, companys subsidiary received orders worth Rs 2,193 crore for water supply project in India. JMC Project also bagged an order worth Rs 155 crore for B&F project in South India. Commenting on the new order announcements, Manish Mohnot, managing director & CEO of KPTL said ?These new orders will help us to strengthen our market position in high growth businesses, as we further diversify our clientele and penetrate into newer markets. We are particularly pleased with our Oil & Gas business, as they have secured their first international EPC order for laying gas pipeline in Middle East. Significant value of these new orders have price variation clause, which protects our margins to a large extent given the volatility in commodity prices.? Kalpataru Power Transmission is a global EPC player with diversified interest in power transmission and distribution, oil and gas pipeline, railways and biomass based power generation. The company reported a nearly 16% fall in consolidated net profit to Rs 259 crore in Q3 FY22 from Rs 308 crore posted in Q3 FY21. Consolidated net sales grew 11% to Rs 3889 crore in Q3 FY22 from Rs 3501 crore posted in Q3 FY21. Kalpataru Power will announce its financial results for quarter ended 31 March 2022 on 14 May 2022. Meanwhile, the barometer, the S&P BSE Sensex was down 1,050 points or 1.94% at 53,037.69 amid weak global cues. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.