Kalpataru Power Transmission, foreign units win orders worth Rs 1,345 cr

Kalpataru Power Transmission and its international units have won orders worth Rs 1,345 crore, according to a stock exchange filing.

The specialized engineering, procurement, and construction bellwether has won the orders in India and overseas market in the transmission and distribution (T&D) business, according to the filing. It also bagged orders for pipeline laying works secured in joint ventures or in consortium, and for Metro Rail Electrification in India secured in JVs or in consortium.

Shares of the company surged 7.4% to Rs 433.15.

"The order wins in the T&D and pipeline business help us to further consolidate our order book and establish leadership in key markets," said Manish Mohnot, Managing Director & CEO at KPTL.

"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," he added.