 "Kalpataru Power gains on receiving new orders of Rs 1,150 crore")
Kalpataru Power Transmission has moved higher by 6% to Rs 226 on the BSE after the company said it has secured new orders/notification of award in excess of Rs 1,150 crore.
“The company’s wholly owned subsidiary Kalpataru Power DMCC received projects order worth of Rs 950 crore for construction and supply of 225 KV & 90 KV overhead transmission lines in West Africa,” Kalpataru Power Transmission (KTPL) said in a statement.
The company received projects for construction of 220 KV & 132 KV substations, transmission lines and feeder bay work of Rs 220 crore from Madhya Pradesh Power Transmission Company, it added.
Commenting on the wins, Mr. Manish Mohnot, managing director, KPTL said, “We have visibility of order book in excess of Rs 10,000 crore which will drive our growth for the next few years. We will continue to focus on sustaining profitable growth through efficiency and productivity improvement across the value chain”.
At 10:01 am, the stock was up 4% at Rs 221 on the BSE as compared to 0.21% decline in the S&P BSE Sensex. A combined 172,154 shares changed hands on the counter on the BSE and NSE.
“The company’s wholly owned subsidiary Kalpataru Power DMCC received projects order worth of Rs 950 crore for construction and supply of 225 KV & 90 KV overhead transmission lines in West Africa,” Kalpataru Power Transmission (KTPL) said in a statement.
The company received projects for construction of 220 KV & 132 KV substations, transmission lines and feeder bay work of Rs 220 crore from Madhya Pradesh Power Transmission Company, it added.
Commenting on the wins, Mr. Manish Mohnot, managing director, KPTL said, “We have visibility of order book in excess of Rs 10,000 crore which will drive our growth for the next few years. We will continue to focus on sustaining profitable growth through efficiency and productivity improvement across the value chain”.
At 10:01 am, the stock was up 4% at Rs 221 on the BSE as compared to 0.21% decline in the S&P BSE Sensex. A combined 172,154 shares changed hands on the counter on the BSE and NSE.