Kalpataru Power wins Rs 1,320 crore orders from Power Grid Corporation

Kalpataru Power Transmission Ltd (KPTL) on Tuesday said it has secured orders worth Rs 1,320 crore from Power Grid Corporation.

The other includes a transmission line supply project for Gadarwara-Warora Transmission Line Project of about Rs 353 crore from Power Grid Warora Transmission.

On Wednesday, at 1027 hours, the shares of Kalpataru Power Transmission were trading up 7.03% or Rs 14.40 at Rs 219.25 per scrip on the BSE. 

Also, an order is one transmission line supply project for the Ultra Mega solar park transmission system in Andhra Pradesh of Rs 77 crore, a Rs 44 crore for a substation project. 

Further, turnkey transmission line project of 765 KV Vemagiri-Chilakaluripeta of about Rs 778 crore from Power Grid Southern Interconnector Transmission System, a wholly-owned subsidiary of Power Grid Corporation.

Besides, the company also got turnkey transmission line project of Rs 73 crore in Abu Dhabi.

These have taken the order book value to over Rs 7,450 crore in 2015-16 with around 55% contribution from domestic transmission business, 10% from domestic infrastructure business and balance from international markets.