Kalpataru Power Gains 6% On Bagging Orders Worth Rs 1,150 Crore


Mumbai: Shares of engineering firm Kalpataru Power Transmission Ltd (KPTL) today surged over 6 per cent after the company bagged new orders of over Rs 1,150 crore in domestic and overseas markets.

Buoyed by the news, shares of the company jumped 6.15 per cent to Rs 226 on BSE.

At NSE, it soared 6 per cent to Rs 226.90.

“KPTL… has secured new orders/notification of award in excess of Rs 1,150 crore,” the company said in a BSE filing today.

Detailing on the projects, the company said it has bagged a Rs 930-crore project for construction and supply of 225 kv and 90 kv overhead transmission lines in West Africa.

“The project has been awarded to KPTL and its wholly-owned subsidiary Kalpataru Power DMCC and will be delivered by respective entities,” it added.

The second order is construction of 220 kv and 132 kv sub-stations, transmission lines and feeder bay work of Rs 220 crore from Madhya Pradesh Power Transmission Company.