On Wednesday (14 November), Kalpataru Power Transmission Limited announced that the company has been awarded orders worth Rs 1,322 crore in India and abroad.
In a filing done with the Bombay Stock Exchange, the company stated that “KPTL's transmission and distribution business has secured orders in India, Bangladesh, Abu Dhabi and Peru totalling Rs 943 crore.”
Business Standard reported that it has also received a composite order worth Rs 379 crore via a consortium from Rail Vikas Nigam Ltd for the construction of railway infrastructure.
As a result of the aforementioned news, the shares on the Bombay Stock Exchange for KPTL went for sale at Rs 360.70 a piece, 0.45 per cent higher than the previous closing rate.
In an interview last month, the company’s managing director and CEO stated that with orders of Rs 15,000 crore they are targeting a 15 to 20 per cent growth in the current year. He stated that 90 per of the orders pertain to transmission and rest 10 per cent related to infrastructure.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 999/year is the best way you can support our efforts.