Kalpataru Power Transmission rose 2.44% to Rs 449.65 after the company said it successfully commissioned element 1 of Alipurduar Transmission.
Alipurduar Transmission (ATL), a wholly owned subsidiary of Kalpataru Power Transmission (KPTL), has successfully connected Element-1 i.e. Alipurduar-Siliguri Line with the interconnection facilities of the grid.
Earlier in March 2019, ATL had commissioned Element-2 i.e. Kishanganj-Darbhanga Line. With this connection of Element 1, the project has reached full commissioning.
ATL was set up as part of inter-state transmission system for strengthening and transfer of power from new hydroelectric power projects in Bhutan to India. The project involved design, financing, construction, commissioning, operation and maintenance of 325 kms of 400 KV transmission line. The project comprises of two elements namely Alipurduar-Siliguri Line (Element 1) and Kishanganj-Darbhanga Line (Element 2).
ATL has won this project on Build-Own-Operate-Manage (BOOM) basis through competitive bidding process from REC Transmission Projects Company (RECTPCL) for a period of 35 years.
The transmission line will improve access to power and contribute to the development of the states of Bihar and West Bengal. The project is an important milestone for KPTL as it is executed over some of the toughest terrains in the country overcoming challenging logistical hurdles and weather conditions.
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KPTL is one of the largest and fastest growing specialized 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.
On a standalone basis, KPTL's net profit rose 39% to Rs 127 crore on a 25% increase in net sales to Rs 1967 crore in Q2 September 2019 over Q2 September 2018.
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