Hot Pursuit     15-Dec-22
Kalpataru Power gains on bagging order worth Rs 1,397 cr
Kalpataru Power Transmission (KPTL) rose 1.31% to Rs 553.10 after the company announced that it received new orders worth Rs 1,397 crore in India and overseas market in the T&D business.

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. “

Further he added, “With these new orders, our YTD FY23 order intake has reached Rs 15,784 crore at consolidated level. Additionally, we have a strong L1 position. This provides us with confidence to achieve our targeted growth going forward.”

Kalpataru Power Transmissions 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 3.6% to Rs 86 crore on 7% jump in net sales to Rs 3,798 crore in Q2 FY23 over Q2 FY22.

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