Kalpataru Power Transmission stock climbs 1% on order win of Rs2,126 crore

12 May 2022 , 09:16 AM

Kalpataru Power Transmission Limited (KPTL) & its international subsidiaries has secured new orders / notification of awards of Rs2,126 crore (Including orders of Rs500 crore received in the month of March 2022).

The details are as follows:

• Orders from India and Africa in the T&D business of Rs1,569 crore
• KPTL’s international subsidiary has secured new T&D projects in Europe & Brazil of Rs388 crore
• Oil & Gas pipeline projects in India & Middle East of Rs169 crore

Commenting on the new order announcements, Manish Mohnot, Managing Director & CEO, KPTL said, “We are extremely pleased to report new order wins in our T&D and Oil & Gas business. 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.

These order wins, along with our well diversified consolidated order book gives us confidence to deliver good performance for the current financial year.”

On Thursday early morning trade, Kalpataru Power Transmission was trading at Rs344.15 per piece higher by 1% on the BSE.