The announcement was made during trading hours today, 27 June 2013.
Meanwhile, the S&P BSE Sensex was up 327.99 points or 1.77% at 18,880.11.
On BSE, 48,000 shares were traded in the counter as against average daily volume of 16,748 shares over the past one quarter.
The stock hit a high of Rs 70.35 and a low of Rs 65.80 so far during the day. The stock had hit a 52-week high of Rs 105.40 on 10 January 2013. The stock had hit a 52-week low of Rs 64.15 on 31 August 2012.
The stock had underperformed the market over the past one month till 26 June 2013, sliding 13.25% as compared to the Sensex's 5.85% fall. The stock had also underperformed the market in the past one quarter, declining 11.97% as compared to the Sensex's 0.81% fall.
The company has equity capital of Rs 30.69 crore. Face value per share is Rs 2.
Kalpataru Power Transmission (KPTL) secured an order worth over Rs 500 crore for two projects in Zambia. Another order worth around Rs 330 crore was secured from Power Grid Corporation of India (PGCIL). A transmission line order worth over Rs 300 crore was secured from Madhya Pradesh Transmission Co.
KPTL said it has signed transmission agreement with Madhya Pradesh Power Transmission Company (MPPTCL) to develop a transmission line BOOT project. The project scope involves designing, financing, construction, commissioning, operate and maintenance of 240 kilometers (KM) of 400 Kv Satpura-Ashta transmission line for the period of 25 years with an extension of 10 years on annuity basis.
Mr. Ranjit Singh, MD, KPTL said, "We continue to hold strong presence in Africa region by winning the latest Zambia project, along with maintaining a good share in PGCIL contracts. The MP TL BOOT project holds strategic importance for the company's growth plans in terms of improving ROE, sustainable growth and right asset allocation. Our judicious approach in taking BOOT projects is evident from the fact that, we have taken second project only after successfully starting operations of first project".
KPTL's net profit fell 14.3% to Rs 48.63 crore on 4.6% decline in net sales to Rs 1011.61 crore in Q4 March 2013 over Q4 March 2012.
KPTL is a specialized engineering, procurement and construction (EPC) company 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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