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.

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