Page 3 - Kalpataru Power Transmission

Kalpataru Power to sell 3 transmission assets to CLP India for Rs 3,275 cr

Kalpataru Power Transmission (KPTL) Wednesday said it has entered into binding agreements with Canada's institutional fund manager CDPQ's arm CLP India to sell its stake in 3 power transmission assets for an estimated enterprise value of Rs 3,275 crore. The company is selling stake in Kalpataru Satpura Transco Pvt Ltd (KSTPL), Alipurduar Transmission Ltd (ATL) and Kohima Mariani Transmission Ltd (KMTL) (referred jointly as SPVs), Kalpataru Power Transmission said in a BSE filing. "As a part of this deal, the transaction for ATL and KMTL will be effective post commercial operation date (COD) and fulfilment of certain conditions," the company added. Techno Electric & Engineering Company Ltd (Techno) owns 26 per cent stake in KMTL. "The sale of assets will lead to a significant reduction in KPTL's consolidated debt and will help focus on strategic diversification within core business. KPTL will continue to focus on sustainable and profitable growth with commitment to improve return ..

Kalpataru Power rallies 11% on post Q2 results

The stock rallied 11% to Rs 360 on the BSE in early morning trade after the company reported 28% Y-o-Y jumped in its standalone net profit at Rs 914 million in September quarter.

Kalpataru Power surges 12% on order win worth Rs 8.71 billion

The stock surged 12% to Rs 535 on BSE in early morning trade after the company announced that it has secured new orders worth of Rs 8.71 billion.

Kalpataru Power hits 52-week high on order win of Rs 1,200 crore

The stock moved higher to its 52-week high of Rs 315, up 9% on BSE in intra-day trade.

Kalpataru Power Transmission to raise Rs 300 crore via NCDs

It posted a 50 per cent jump in standalone net profit at Rs 64.53 crore in the quarter ended on June 30, 2016

Kalpataru Power gains on winning new orders worth Rs 1,900 crore

The stock was trading higher by 4% to Rs 267 on the BSE at 10:31 AM.

Kalpataru Power gains on receiving new orders of Rs 1,150 crore

The stock was up 4% at Rs 221 on the BSE as compared to 0.21% decline in the S&P BSE Sensex at 10:01 am.

Kalpataru Power rallies on bagging Rs 1,320 crore orders from Power Grid

The stock rallied 9% to Rs 220 on the BSE in early morning trade.