Kalpataru Power Transmission bags orders worth Rs 1,300 crore
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The orders include an engineering, procurement and construction job for pipeline laying and associated works in India, and an order for railway electrification by Central Organization for Railway Electrification.
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MUMBAI: Kalpataru Power Transmission has bagged orders worth Rs 1,300 crore in India and overseas, the Mumbai-headquartered engineering and construction company said on Tuesday.
The orders include an engineering, procurement and construction job for pipeline laying and associated works in India, and an order for railway electrification by Central Organization for Railway Electrification.
Kalpataru Power Transmission’s international subsidiary has secured power transmission and distribution projects in Europe.
KPTL bags new orders worth Rs 1,300 crore ANI | Updated: Dec 15, 2020 18:12 IST
Mumbai (Maharashtra) [India], December 15 (ANI): Kalpataru Power Transmission Ltd (KPTL) said on Tuesday it has secured new orders of about Rs 1,300 crore for various businesses.
Besides, KPTL s international subsidiary has secured new transmission and distribution projects in Europe. Our current year order inflow is in excess of Rs 4,500 crore and we are favourably placed in projects of over Rs 3,000 crore, said KPTL Managing Director and CEO Manish Mohnot. We continue to be on track to achieve order inflows in the range of Rs 9,000 crore to Rs 10,000 crore for the current financial year, he said in a statement.
Kalpataru Power Transmission (KPTL) on Tuesday said it has secured new orders or notification of award of about Rs 1,300 crore.
The company said that the orders from India and overseas market in the transmission and distribution (T&D) business. It further said that the it had received engineering, procurement, and construction (EPC) orders for pipeline laying and associated works in India.
Kalpataru said that the order for railway electrification has been awarded by the Central Organization for Railway Electrification (CORE). The company s international subsidiary has also secured new T&D projects in Europe.
Commenting on the new order announcements, Manish Mohnot, managing director & CEO, KPTL, said, We are delighted with the new order wins in all our businesses. Our current year order inflow is in excess of Rs 4,500 crore and we are favourably placed in projects of over Rs 3,000 crore. We continue to be on track to achieve order inflows in the range of Rs 9,000-10,000 crore f
The domestic equity benchmarks ended near the flat line on Tuesday. As per provisional closing data, the barometer index, the S&P BSE Sensex, added 9.71 points or 0.02% to 46,263.17. The Nifty 50 index added 9.70 points or 0.07% at 13,567.85.
The Nifty opened in the red and hit the day s low of 13,447.05 in mid-morning trade. It witnessed recovery from early afternoon trade. It bounced back in mid-afternoon trade and hit the day s high of 13,589.65. After some bouts of volatility, the indices closed with minor gains.
In the broader market, the S&P BSE Mid-Cap index gained 0.42% while the S&P BSE Small-Cap index rose 0.07%.
Buyers outpaced sellers. On the BSE, 1559 shares rose and 1409 shares fell. A total of 174 shares were unchanged.
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