Kalpataru Power -; subsidiaries clinch orders worth Rs1,345 crore; stock skyrockets ~8%

6 Sep 2022 , 10:05 AM

Kalpataru Power Transmission Limited (KPTL) and its international subsidiaries have received fresh orders/notifications of awards for an aggregate amount of Rs1,345 crore.

KPTL has received orders in India and overseas markets in the T&D business. Additionally, it secured orders for Pipeline Laying Works and Metro Rail Electrification in India in Joint Venture or Consortium.

Manish Mohnot, Managing Director & CEO of KPTL, commented on the new order announcements, stating, “We are thrilled with the new order wins across our business verticals. Orders in the T&D and pipeline businesses assist us to consolidate our order book and develop leadership in critical sectors.”

He added further, “Our Railways business in new and growing infrastructure areas is strengthened by the second metro rail electrification order. These orders, together with the current order book, strengthen our confidence in achieving planned growth in the future.”

At around 10.08 AM, KPTL was trading at Rs436.40 up by 8.25% from its previous closing of Rs403.15 on the BSE. The scrip opened at Rs413 and has touched intraday high and low of Rs440.90 and Rs413 respectively.

For feedback and suggestions, write to us at [e-mail]