Kalpataru Power Transmission Ltd secures new orders of Rs. 1397 crores

Kalpataru Power Transmission Limited (KPTL) & its international subsidiaries has secured new orders / notification of awards of ₹ 1,397 Crores. The details are as follows:

- Orders in India and overseas market in the T&D business

Commenting on the new order announcements, Mr. Manish Mohnot, Managing Director & CEO, KPTL said "We are pleased with the business outlook in our flagship T&D business with consistent order wins. These new orders in addition to the orders declared earlier during the year have significantly enhanced our T&D order book and provides good visibility for future growth. We are confident that our T&D business is poised for robust growth on back of strong business outlook and order visibility in our focused markets.

With these new orders, our YTD FY23 order intake has reached ₹ 15,784 Crores at consolidated level. Additionally, we have a strong L1 position. This provides us with confidence to achieve our targeted growth going forward."

Shares of Kalpataru Power Transmission Limited was last trading in BSE at Rs. 545.95 as compared to the previous close of Rs. 561.45. The total number of shares traded during the day was 45942 in over 2805 trades.

The stock hit an intraday high of Rs. 576.00 and intraday low of 540.85. The net turnover during the day was Rs. 25586991.00.

Source : Equity Bulls

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