Kalpataru Power Transmission rose 1.95% to Rs 337.35 at 9:46 IST on BSE after the company said it has secured new orders worth Rs 676 crore.
The announcement was made after market hours on Friday, 30 June 2017.
Meanwhile, the S&P BSE Sensex was up 115.94 points, or 0.37% at 31,037.55. The S&P BSE Mid-Cap index was up 55.71 points, or 0.38% at 14,700.19.
On the BSE, 2,226 shares were traded on the counter so far as against the average daily volumes of 16,917 shares in the past one quarter. The stock had hit a high of Rs 339 and a low of Rs 334 so far during the day. The stock had hit a 52-week high of Rs 367 on 9 May 2017 and a 52-week low of Rs 208 on 9 November 2016.
The stock had underperformed the market over the past one month till 30 June 2017, declining 1.97% compared with the Sensex's 0.76% fall. The scrip had, however, outperformed the market over the past one quarter advancing 3.63% as against the Sensex's 4.3% rise. The scrip had also outperformed the market over the past one year advancing 28.96% as against the Sensex's 14.53% rise.
The mid-cap company has equity capital of Rs 30.69 crore. Face value per share is Rs 2.
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Kalpataru Power Transmission (KPTL) said it has secured new orders worth Rs 676 crore. The contracts include various projects in order from Power Grid Corporation of India (PGCIL) Bareily substation transmission lines worth Rs 237 crore, railway electrification order from PGCIL of east central railway worth Rs 152 crore, orders for transmission line and supply of transmission towers worth Rs 153 crore and Liquefied Petroleum Gas (LPG) import terminal project from Bharat Petroleum Corporation (BPCL) at Haldia worth Rs 134 crore.
Commenting on the new order announcements, Manish Mohnot, Managing Director, KPTL said, the company substation business has got a breakthrough with the success in securing 400kv GIS order from PGCIL. This supports its efforts to grow the substation business. On the back of a solid order book, the company is confident of delivering on its guidance for the financial year 2017-18.
Kalpataru Power Transmission's net profit rose 36.5% to Rs 89.60 crore on 12.3% increase in net sales to Rs 1478.97 crore in Q4 March 2017 over Q4 March 2016.
Kalpataru Power Transmission is an engineering, procurement and construction (EPC) contracting company with a diversified portfolio in power transmission & distribution, cross country pipeline, oil & gas field surface facilities, civil infrastructure projects, power generation (biomass) as well as railway projects.
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