Kalpataru Power Transmission up 2% on orders win worth Rs 1057 crore

Moneycontrol News

Shares of Kalpataru Power Transmission rose 2.5 percent intraday Monday as it has received orders worth Rs 1057 crore.

The company has secured new orders / notification of award of Rs 1057 crore, including two orders of Rs 913 crore for design, supply and construction of 500 kV and 225/90 kV transmission lines in Thailand and Africa and an order for pipeline installation and associated terminal works of KSPPL for Rs 144 crore.

Manish Mohnot, managing director and CEO of Kalpataru Power said, “These orders in Southeast Asia and Africa help in building a solid base for growth in our international business.”

“The order in our pipeline business highlights the confidence of our clients on us to deliver. We are confident of meeting our guidance for this year,” he added.

The share touched its 52-week high Rs 404.45 and 52-week low Rs 243.45 on 30 August, 2017 and 09 November, 2016, respectively.

At 11:50 hrs Kalpataru Power Transmission was quoting at Rs 369.80, up Rs 3.20, or 0.87 percent on the BSE.