Kalpataru Power Transmission rose 3.79% to Rs 228.40 at 10:52 IST on BSE after the company said it secured new orders worth over Rs 835 crore.
The announcement was made after market hours yesterday, 31 March 2015.
Meanwhile, the BSE Sensex was up 18.21 points, or 0.07%, to 27,975.70.
On BSE, so far 81,000 shares were traded in the counter, compared with an average volume of 77,613 shares in the past one quarter.
The stock hit a high of Rs 239.70 and a low of Rs 227.45 so far during the day. The stock hit a 52-week high of Rs 254.60 on 20 February 2015. The stock hit a 52-week low of Rs 96 on 2 April 2014.
The stock had underperformed the market over the past one month till 31 March 2015, falling 6.50% compared with 4.78% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 2.18% as against Sensex's 1.67% rise.
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The mid-cap company has an equity capital of Rs 30.69 crore. Face value per share is Rs 2.
Kalpataru Power Transmission won an order for construction of 400 kilovolt (KV) D/C transmission line of 213 kilometres in Kenya in joint venture. The company's share in the order is worth over Rs 355 crore.
The company also won an order for supplying and erecting package of 765 KV D/C Hyderabad GIS - Wardha Station Transmission Line (Part-III) worth Rs 184 crore from Power Grid Corporation of India (PGCIL).
The company also won an order for supplying package of 765 KV D/C Jabalpur - Orai transmission line worth around Rs 125 crore from PGCIL.
Furth, the company bagged two railways orders, to be executed in joint venture, from Central Organisation for Railway Electrification (CORE) worth around Rs 100 crore.
Commenting on the announcements, Mr Ranjit Singh (Managing Director) said, "We continue to get strong order inflow from Africa region in Transmission line sector. On a cumulative basis India order intake has not been as per expectation. We expect better traction from domestic market also in the coming year."
Kalpataru Power Transmission's net profit rose 21.6% to Rs 40.99 crore on 9.1% rise in total income to Rs 1158.45 crore in Q3 December 2014 over Q3 December 2013.
Kalpataru Power Transmission is one of the largest and fastest growing specialized engineering, procurement and construction (EPC) companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution. The company is currently executing several contracts in India, Africa, Middle East, Australia, CIS, SAARC, North America and Far East.
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