KPTL shares surge 7% as company bags orders worth Rs 560 crore

Kalpataru Power Transmission Ltd (KPTL) shares climbed over 7 per cent today as the company has bagged new orders worth about Rs 560 crore.
KPTL's scrip zoomed 6.76 per cent to settle at Rs 229.90 on the BSE. During the day, it gained 8.31 per cent to Rs 233.25 -- its 52-week high.
At the NSE, it surged 7.14 per cent to close the day at Rs 231.10.
The company has got contracts valued at nearly Rs 237 crore related to two transmission lines from Power Grid Corporation, according to a filing to the BSE.
Another order, valued at more than Rs 190 crore, is for supply, erection and commissioning of three transmission lines near Agra.

Besides, the company has been awarded a pipeline laying project worth Rs 132 crore by Indian Oil Corporation.
KPTL is a leading EPC player engaged in diverse segments, including power transmission and distribution.