Hot Pursuit     06-Sep-22
Kalpataru Power spurts after multiple order wins
Kalpataru Power Transmission (KPTL) rallied 8.06% to Rs 435.65 after the company and its international subsidiaries secured new orders or notification of awards worth Rs 1,345 crore.

In a regulatory filing, the EPC company said that it bagged orders in India and overseas market in the transmission and distribution (T&D) business. It also received orders for pipeline laying works. Furthermore, KPTL has also won an order for metro rail electrification in India.

Commenting on the new order announcements, Manish Mohnot, managing director & CEO of KPTL said “We are pleased with the new order wins secured across our business verticals. The order wins in the T&D and pipeline business help us to further consolidate our order book and establish leadership in key markets. The second metro rail electrification order strengthens our Railways business in new and emerging infrastructure segments. These orders along with the existing order book reaffirm our confidence to achieve targeted growth going forward.”

Kalpataru Power Transmission is a global EPC player with diversified interest in power transmission and distribution, oil and gas pipeline, railways and biomass based power generation.

The company's consolidated net profit rose 1.3% to Rs 81 crore on 14.8% jump in net sales to Rs 3,677 crore in Q1 FY23 over Q1 FY22.

Previous News
  Market near days high; VIX jumps over 3%; PSU bank shares rally
 ( Market Commentary - Mid-Session 09-Jul-24   12:33 )
  Kalpataru Projects International secures new orders worth Rs 2217 cr
 ( Corporate News - 16-Oct-23   09:14 )
  Kalpataru Power Transmission
 ( Results - Analysis 12-Nov-22   15:57 )
  Kalpataru Projects gains on increasing fundraise limit
 ( Hot Pursuit - 09-Jul-24   11:28 )
  Kalpataru Projects gains after bagging orders worth Rs 2,217 crore
 ( Hot Pursuit - 16-Oct-23   09:39 )
  Kalpataru Projects International fixes record date for final dividend
 ( Market Beat - Reports 22-Jun-23   11:17 )
  Kalpataru Projects International raises Rs 300 cr via NCDs
 ( Corporate News - 13-Jun-24   14:33 )
  Indices trade near flat line; breadth strong
 ( Market Commentary - Mid-Session 22-Jun-23   09:38 )
  Kalpataru Power Transmission to declare Quarterly Result
 ( Corporate News - 03-Feb-23   15:36 )
  Kalpataru Projects board OKs NCD issue of Rs 300 cr
 ( Hot Pursuit - 22-Jun-23   09:49 )
  Kalpataru Projects International to issue NCDs of Rs 150 cr
 ( Corporate News - 01-Feb-24   12:20 )
Other Stories
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
  GRSE bags Rs 226-cr LoA from West Bengal Govt
  04-Oct-24   14:40
  Volumes soar at Avenue Supermarts Ltd counter
  04-Oct-24   14:30
  Real Estate stocks edge lower
  04-Oct-24   14:00
  Auto stocks edge lower
  04-Oct-24   14:00
  Utilties stocks edge lower
  04-Oct-24   14:00
  HDFC Bank Ltd down for fifth straight session
  04-Oct-24   13:35
  Power Grid Corporation of India Ltd down for fifth straight session
  04-Oct-24   13:35
Back Top