Kalpataru Power Transmission Ltd secures new orders of Rs. 1,290 crores

Kalpataru Power Transmission Limited (KPTL) & its international subsidiaries have secured new orders / notification of awards of ₹ 1,290 Crores. The details are as follows:

- Orders in overseas market in the T&D business
- Order for Oil & Gas Pipeline Works in India
- Order for Railway works in India

Commenting on the new order announcements, Mr. Manish Mohnot, Managing Director & CEO, KPTL said "We are delighted with the new order wins across our business verticals. The T&D orders will help us to consolidate our presence in key T&D markets like Middle East and Latin America. The new orders in the Oil & Gas and Railways business has further strengthen our order book.

KPTL's total order intake YTD FY23 is around ₹ 6,890 Crores, which reflects significant growth compared to similar period last financial year. Additionally, we have a strong L1 position and robust business visibility across all our businesses, which gives us confidence to achieve our targeted growth going forward."

Shares of Kalpataru Power Transmission Limited was last trading in BSE at Rs. 466.55 as compared to the previous close of Rs. 458.90. The total number of shares traded during the day was 13262 in over 672 trades.

The stock hit an intraday high of Rs. 470.75 and intraday low of 449.00. The net turnover during the day was Rs. 6061392.00.

Source : Equity Bulls

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