This small-cap power transmission company has bagged orders worth more than Rs 3000 crore
Shares of the company surged by more than 2.5% after the announcement.
About the order
In the month of March 2023 and up until April 10, 2023, Kalpataru Power Transmission (KPTL) and its worldwide subsidiaries received fresh orders or notification of awards totaling Rs 3,079 crore.
The aforementioned new orders include civil works for a data centre and buildings in India worth Rs 1,234 crore; an EPC order in the railway business worth Rs 754 crore in India; water supply projects worth Rs 708 crore in India; residential and institutional building projects worth Rs 233 crore in Africa; and orders in the T&D business worth Rs 150 crore in foreign markets.
Share Price Movement of Kalpataru Power Transmission Ltd
The scrip opened on Tuesday at Rs 532.45 and touched a high and low of Rs 544.85 and Rs 527.10, respectively. Its 52-week high stood at Rs 597.15, whereas its 52-week low was Rs 332.30. The current market cap of the company is Rs 8,668.13 crore. Promoters hold 47.23%, whereas Institutional and non-institutional holdings are 44.25 and 8.52%, respectively.
The Kalpataru Group, founded in 1969, includes Kalpataru Power Transmission Limited (KPTL). The business is a top provider of engineering, procurement, and construction (EPC) services with a track record of success. With broad capabilities, it is carrying out high-profile projects and providing turnkey solutions for the design, testing, fabrication, erection, and construction of transmission lines, oil and gas infrastructure, and railway projects. It is a diverse company with interests in real estate, power generation, agricultural logistics, and EPC in key infrastructure segments such power transmission and distribution, buildings and factories, roads and highways, water and irrigation, railways, and oil and gas.
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