Apr 30, 2018 09:45 AM IST | Source: Moneycontrol.com

Kalpataru Power rises 3% on orders win worth Rs 1,463 crore

The company has secured new orders / notification of award of Rs 1,463 crore.

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Shares of Kalpataru Power Transmission rose 3.7 percent in the early trade on Monday as company bagged an orders worth Rs 1,463 crore.

The company has secured new orders / notification of award of Rs 1,463 crore.

It include, orders from PGCIL and SEBs for transmission line and GIS Substation for Rs 672 crore.

Two orders for laying of pipeline & associated works totalling Rs 581 crore from IOCL and GAIL.

And, order of Rs 210 crore for design, supply, erection, testing & commissioning for railway electrification, including OHE, TSS & associated works from RVNL in a JV consortium.

Manish Mohnot, Managing Director & CEO, Kalpataru Power Transmission said, "We are excited to begin the year with orders across all our segments namely transmission, railways and pipeline. We continue to focus on the available opportunities within these segments both in India and globally."

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At 09:17 hrs Kalpataru Power Transmission was quoting at Rs 486, up Rs 14.50, or 3.08 percent on the BSE.

Posted by Rakesh Patil