Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector saw its shares jump 2.66% higher on Wednesday's morning trade. This comes after the company secured new orders/notification of award of about Rs900cr.
One of the new projects is an order in the T&D business from oversear market. The other is an EPC order for pipeline laying and associated works in India.
Commenting on the new order announcements, Mr. Manish Mohnot, Managing Director & CEO, KPTL said “We are happy with the new order wins in our T&D and Oil & Gas business. Our current year order inflow is in excess of Rs5,400cr and we are favourably placed in projects of over Rs2,000cr. We are on track to achieve our targeted numbers for the financial year 2020-21.”
Kalpataru Power Transmission Ltd is currently trading at Rs316.35 up by Rs8.4 or 2.73% from its previous closing of Rs307.95 on the BSE.