Kalpataru Power wins multiple orders

13 May 2022 CW Team

Kalpataru Power Transmission secured orders worth Rs 1,957 crore from India and international markets in the power transmission business. The company also received an order for oil & gas pipeline projects in India and Middle East worth Rs 169 crore.

Kalpataru Power Transmission gained 1 per cent to Rs 344.15 in a weak market after the company and its subsidiaries bagged new order worth Rs 4,474 crore on a consolidated basis.

Meanwhile, JMC Projects, company's subsidiary received orders worth Rs 2,193 crore for water supply project in India. JMC Project also bagged an order worth Rs 155 crore for B&F project in South India. Significant value of these new orders have price variation clause, which protects the company’s margins to a large extent given the volatility in commodity prices.

The company reported a nearly 16 per cent fall in consolidated net profit to Rs 259 crore in Q3 FY22 from Rs 308 crore posted in Q3 FY21. Consolidated net sales grew 11 per cent to Rs 3,889 crore in Q3 FY22 from Rs 3,501 crore posted in Q3 FY21.

Kalpataru Power will announce its financial results for quarter ended 31 March 2022 on 14 May 2022.

Infrastructure Transport

09 Jan 2026

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

India Post, MoRD Tie Up to Boost Rural Inclusion

The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to accelerate rural transformation and expand financial, digital and logistics services for Self-Help Groups (SHGs) and rural households across India. The agreement was signed in the presence of Union Minister of Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Minister of Rural Development and Agriculture and Farmers’ Welfare Shivraj Singh Chouhan. The collaboration aligns with the government’s “Dak Sewa, Jan Sewa” vision and seeks to repositi..