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Kalpataru Power Transmission Gains 8% on New Orders

Kalpataru Power Transmission is a leading EPC player engaged in diverse segments including power transmission and distribution.
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Shares in Kalpataru Power Transmission (KPTL) gained as much as 8 per cent to a day high of Rs 232.85 on Thursday after the company said that it has bagged orders worth Rs 560 crore.

It 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 nearly Agra.

Besides, the company has been awarded a pipeline laying project worth Rs 132 crore by Indian Oil Corporation.

"We have gained good traction in domestic business in both transmission line and pipeline laying segments and are expecting improved order inflow from both domestic and international business in the last quarter of the year," KPTL's Managing Director Ranjit Singh said.

KPTL is a leading EPC player engaged in diverse segments including power transmission and distribution.

As of 10.05 a.m. shares in Kalpataru Power Transmission traded 5.54 per cent higher at Rs 227.65 apiece, outperforming the broader Nifty , which was down 0.15 per cent.

(With agency inputs)



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