Business
Kalpataru Power Transmission Bags Orders Worth Rs 2,477 Crore In India And Overseas Markets
Power transmission lines. (Flickr) (Representative image)
Kalpataru Power Transmission Limited on Thursday (23 March) announced that it has bagged orders worth over Rs 2,400 crore in India and overseas market.
The new orders include Rs 1,181 crores in the transmission and distribution (T&D) business in India and overseas markets.
The orders also include Rs 1,296 crore in the EPC (Engineering, Procurement and Construction) projects in the water business.
"Kalpataru Power Transmission Limited (KPTL) and its international subsidiaries have secured new orders/notification of awards of Rs 2,477 crore," the company said in a statement.
The new orders have brought KPTL's year-to-date (YTD) order intake to a record level of Rs 25,149 crore.
Manish Mohnot, MD and CEO of KPTL expressed his pleasure with the company's momentum in order inflows, particularly in the T&D and Water businesses.
"The orders in the T&D business have significantly increased the company's order book, particularly in the domestic market. Additionally, KPTL's Water business continues to diversify its presence in rural piped water supply projects," Mohnot said in the statement.
"With the above order wins, our YTD order intake has reached at a record level of Rs 25,149 crores. We continue to focus on delivering profitable growth and improving our return ratios going forwad," Mohnot added.
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