Business
Kalpataru Power Transmission Bags Orders Worth Over Rs 3,560 Crore On Consolidated Basis
Representative image (Indranil Bhoumik/Mint via Getty Images)
Kalpataru Power Transmission Limited (KPTL) and its subsidiaries have bagged orders worth Rs 3,567 crore at consolidated level, the company said on Friday (4 November).
While KPTL and its international subsidiaries bagged orders worth Rs 1,290 crore, JMC Projects Limited, a subsidiary of KPTL, secured orders worth Rs 2,277 crore in India.
"Kalpataru Power Transmission Limited (KPTL) and its international subsidiaries has secured new orders/notification of awards of Rs 1,290 crores," the company said in a statement.
Manish Mohnot, Managing Director and CEO, KPTL said, “We are delighted with the new order wins across our business verticals. The T&D orders will help us to consolidate our presence in key T&D markets like Middle East and Latin America. The new orders in the Oil and Gas and Railways business has further strengthen our order book".
KPTL’s total order intake YTD FY23 is around Rs 6,890 crore, which reflects significant growth compared to similar period last financial year, Mohnot said.
"Additionally, we have a strong L1 position and robust business visibility across all our businesses, which gives us confidence to achieve our targeted growth going forward," he said.
KPTL is one of the largest specialised EPC companies engaged in power transmission and distribution, oil and gas pipeline, railways and civil infrastructure business.
Further, JMC Projects (India) Limited (JMC), a subsidiary of KPTL, has secured new orders of 2,277 crore.
The KPTL arm has bagged water projects worth Rs 1,497 crore in India. It has also secured order for building and factory projects worth Rs 780 crore in the country.
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