Kalpataru Power Transmission sparkles on building order book

Kalpataru Power Transmission (KPTL) has secured orders worth Rs 1320 crore from Power Grid Corporation (PGCIL). There are various projects to be covered under the bagged new order basket including the company’s turnkey transmission line project of 765 KV/DC Vemagiri –Chila kaluripeta of approximately Rs 778 crore from Powergrid Southern Interconnector Transmission System, wholly owned subsidiary of PGCIL. The other includes a transmission line supply project for Gadarwara-Warora Transmission Line Project of about Rs 353 crore from Powergrid Warora Transmission.

It will execute transmission line supply project for ultra mega solar park transmission system in Andhra Pradesh amounting to Rs 77 crore from PGCIL. KPTL also execute Rs 73 crore turnkey line transmission line projects in Abu Dhabi. The remaining orders of Rs 44 crore for substation project from PGCIL.

KPTL’s subsidiary JMC Projects (India), leading civil Engineering and EPC (Engineering Procurement Construction) also secured new orders worth Rs 930 crore on March 22. The company will execute Ethiopia project worth Rs 465 crore, retail mall project in Bangalore for Mantri Developers amounting Rs 235 crore, Area infrastructure development project from Naya Raipur Development Authority worth Rs 169 crore and remaining Rs 62 crore from building project in Bangalore.

KPTL’s order book stood at Rs 7450 crore in FY16. The company’s order book has about 55 per cent contribution towards domestic transmission business and 10 per cent for domestic infrastructure business and remaining from the international markets.

Share price of KPTL increased by 9.20 per cent on bourses in early trades and is trading at Rs 220.5 on intraday basis.

KPTL is in the manufacturing of metal frameworks or skeletons for construction and parts, such as towers, masts, trusses and bridges. The company offers a range of solutions in the field of power transmission, infrastructure and asset creation. Its segments include transmission & distribution, infrastructure EPC and others.