Kalpataru Transmission and Subsidiary Bag Orders Worth Rs 1598 Crore

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Kalpataru Power Transmission has announced that it has secured new orders/notification of award of about Rs 900 crore.

Kalpataru Power Transmission (KPTL), a leading EPC player in the power and infrastructure contracting sector, has announced that it has secured new orders / notification of award of about Rs 900 crore. The firm has also reported that its subsidiary JMC Projects (India) has secured new orders worth Rs 698 crore.

The firm has stated that the projects are for:

• Orders in the Transmission and Distribution (T&D) business from overseas market
• EPC orders for pipeline laying and associated works in India
• Building Projects in South India of Rs.698 Crores  (JMC)

Manish Mohnot, Managing Director & CEO, KPTL said “we are happy with the new order wins in our T&D and Oil & Gas business. Our current year order inflow is in excess of Rs 5,400 crore and we are favourably placed in projects of over Rs 2,000 crore. We are on track to achieve our targeted numbers for the financial year 2020-21.”

Recently, the firm had reported that it had received orders worth Rs 1,300 crore from India and the overseas market in the power transmission and distribution space. The company said that it has received EPC orders for pipeline laying and associated works in India and order for railway electrification, adding that KPTL’s international subsidiary has secured new T and D projects in Europe too.

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In September, we had reported that the firm and its joint venture partner have completed 74 percent equity stake sale in Jhajjar KT Transco Pvt Ltd (JKTPL) to IndiGrid. KPTL had completed the sale of about 37.78 percent of equity shares (which includes 1.32 percent equity shares held by KVPL and acquired by the Company), the filing added.

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KPTL is present in power transmission and distribution, oil and gas pipeline, railways, infrastructure development, civil contracting and warehousing and logistics business with an international presence in power transmission and distribution. The company is currently executing contracts in India, Africa, Middle East, CIS, SAARC and the Far East.