Kalpataru Power Bags Orders Worth Rs 1,322 Crore In India And Nations Including Peru

Kalpataru Power Bags Orders Worth Rs 1,322 Crore In India And Nations Including PeruRepresentative image (Indranil Bhoumik/Mint via Getty Images)

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.