Kalpataru Power bags new orders worth Rs 12.90 bn

Kalpataru Power Transmission Ltd (KPTL) and its international subsidiaries have secured new orders/notification of awards of Rs 12.90 billion, the company said last week. Manish Mohnot, managing director and chief executive of KPTL, said in a statement, “We are delighted with the new order wins across our business verticals. The T&D (transmission and distribution) orders will help us to consolidate our presence in key T&D markets like Middle East and Latin America. The new orders in the oil and gas and railways business have further strengthen our order book.” KPTL's total order intake year to date in FY23 is around Rs 68.90 billion, which reflects significant growth compared to the similar period last financial year, he said. Additionally, he said, the company has a strong L1 position and robust visibility across all its businesses, “which gives us confidence to achieve our targeted growth going forward”. KPTL is one of the largest specialised engineering and procurement companies engaged in power transmission and distribution, oil and gas pipeline, railways and civil infrastructure business. The company is currently executing projects in over 30 countries and has a footprint in 67 countries. See also: Adani Transmission net profit falls 32 per centTrichy’s first underground power transmission project ready