KPTL secures new orders worth Rs 1,300 cr
In a recent development, the Kalpataru Power Transmission Ltd (KPTL) declared that it had secured new works amounting up to a total of Rs 1,300 crore in both the domestic as well as overseas market. The company stated that it has bagged orders in the transmission and distribution (T&D) business.
Kalpataru Power Transmission Ltd, in a regulatory filing, declared that it has bagged new notifications of awards and orders worth Rs 1,300 crore in all. The company further stated that it has secured the construction, engineering, and procurement orders for carrying out pipeline works and other associated projects in India on top of the order for railway electrification that it has bagged from the Central Organisation for Railway Electrification (CORE).
Additionally, the power organisation also declared that new T&D (transmission and distribution) projects have been sealed in Europe by its international subsidiary. Manish Mohnot, the Managing Director and CEO of KPTL, told the news media that the firm’s order inflow in the current year is more than Rs 4,500 crore and that they are placed favourably concerning projects that are upwards of Rs 3,000 crore. He further stated that KPTL is well on track to secure order inflows that will fall in the range of Rs 9,000-Rs 10,000 crore during the ongoing financial year.