Kalpataru Power Transmission rose 3.39% to Rs 489.65 after the company said it secured new orders worth about Rs 775 crore in T&D business from government and private clients.
Kalpataru Power Transmission (KPTL) and its international subsidiary have secured new orders/notification of award of approximately Rs 775 crore in T&D business from government and private clients. The announcement was made during trading hours today, 30 September 2019.Commenting on the new order announcements, Manish Mohnot, managing director & CEO, KPTL said "Our total order inflows in FY19-20 has crossed Rs 4,300 crore and additionally we have a L1 position of approximately Rs 2,000 crore."
Meanwhile, the S&P BSE Sensex was down 117 points or 0.30% to 38,705.27.
On the BSE, 2628 shares were traded in the KPTL counter so far compared with average daily volumes of 7289 shares in the past two weeks. The stock hit a high of Rs 491 and a low of Rs 465.1 so far during the day.
The stock hit a 52-week high of Rs 553.5 on 01 Jul 2019. The stock hit a 52-week low of Rs 268.5 on 29 Oct 2018.
On a consolidated basis, Kalpataru Power Transmission's net profit rose 17.6% to Rs 100 crore on a 33% increase in net sales to Rs 2771 crore in Q1 June 2019 over Q1 June 2018.
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. The company is currently executing several contracts in India, Africa, Middle East, CIS, SAARC and Far East.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content