KPTL bags new order of Rs 676 crore
Sanket Dewarkar / 03 Jul 2017
Engineering firm, Kalpataru Power Transmission (KPTL) has informed the bourses that it has secured new orders worth Rs 676 crore.
Engineering firm, Kalpataru Power Transmission (KPTL) has informed the bourses that it has secured new orders worth Rs 676 crore.
“These contracts include an order from PGCIL (Power Grid) for 400 KV Jauljivi GIS substation, extension of 765 KV Bareilly substation and associated transmission lines for Rs 237 crore,” the company said in a filing to the Bombay Stock Exchange.
The company has also bagged an order for railway electrification from the PGCIL for East Central Railway worth Rs 152 crore. It has won supply orders for transmission line and towers for Rs 153 crore from various customers. It also received an order for balance work of a plant and utilities for LPG Import Terminal Project from BPCL at Haldia for Rs 134 crore.
Commenting on the issue, Manish Mohnot, MD and CEO, KPTL said, "Our substation business has got a breakthrough with the success in securing 400 KV GIS order from PGCIL. This supports our efforts to grow the substation business.”
"Our Railway business continues to build on with the electrification order from PGCIL. On the back of a solid order book, we are confident of delivering on our guidance for 2017 -18," he added.
During Monday's trade, the stock has opened at Rs 337 per share and touched a high of Rs 339 with a low of Rs 334.40 and is currently quoting at Rs 336.05
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