Kalpataru Power Transmission rose 3.1% to Rs 402.9 after the company said it secured new orders / notification of award of Rs 1,554 crore across various businesses.
The company in a regulatory filing during market hours today announced that it bagged orders from India, CIS and Latin America in the power transmission business. Kalpataru Power Transmission's international subsidiary also secured new power transmission projects in Europe.Commenting on the new order announcements, Manish Mohnot, MD & CEO of the company said, We are delighted with the new order wins in our power transmission business. These new order wins help us to strengthen our power transmission order book in India and overseas market. Our current year order inflow has reached around Rs 8,000 crore and additionally we have good visibility across all our businesses. Our order book visibility with low debt gives us confidence of growth from long-term perspective.
Shares of Kalpataru Power hit a 52-week high of Rs 406.15 on BSE today. The counter has soared 137% from its 52-week low of Rs 170 recorded on 27 March 2020.
KPTL is one of the largest specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development and warehousing & logistics business with a strong international presence in power transmission & distribution.
The company's consolidated net profit surged 132% to Rs 308 crore on 10.7% rise in net sales to Rs 3501 crore in Q3 FY21 over Q3 FY20.
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