Kalpataru Power Transmission jumped 5.54% to Rs 100.90 at 9:22 IST on BSE after the company said it has secured new orders worth over Rs 700 crore.
The company made the announcement after market hours on Monday, 31 March 2014.
Meanwhile, the BSE Sensex was down 5.85 points, or 0.03%, to 22,380.42.
On BSE, so far 64,000 shares were traded in the counter, compared with an average volume of 40,492 shares in the past one quarter.
The stock hit a high of Rs 102.75 so far during the day, which is also a 52-week high for the counter. It hit a low of Rs 100.05 so far during the day. The stock hit a 52-week low of Rs 56 on 29 August 2013.
The stock had outperformed the market over the past one month till 31 March 2014, 16.73% compared with the Sensex's 5.99% rise. The scrip had also outperformed the market in past one quarter, rising 6.82% as against Sensex's 5.74% rise.
The small-cap global EPC player in the power & infrastructure contracting sector has an equity capital of Rs 30.69 crore. Face value per share is Rs 2.
Kalpataru Power Transmission (KPTL) said it won an order to supply and erect 765KV D/C Solapur-Aurangabad transmission line of 140 km, worth over Rs 350 crore from PGCIL. The company also won an order to supply transmission towers worth Rs 134 crore in Saudi Arabia and Ethiopia. The company's infrastructure division secured various orders worth around Rs 188 crore.
Commenting on the announcements, Mr Ranjit Singh (Managing Director) said "We continued to expand in international market in African region and also maintained order flow from PGCIL. We also succeeded in getting traction in infrastructure division with a healthy mix of orders."
Net profit of KPTL declined 4.07% to Rs 33.70 crore on 18.38% rise in net sales to Rs 1040.17 crore in Q3 December 2013 over Q3 December 2012.
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 projects in India, Africa, Middle East, Australia, North America and Far East.
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