BSE Shares Surge After Launching 3 New Indices: Sensex Sixty, Sixty 65:35, Power & Energy
This small-cap power transmission company has bagged orders worth Rs 3,185 crore
Last Updated: 20th February 2023 - 11:09 am
Shares surged after the company announced securing orders.
Notice of awards for Rs 3,185 crore has been received by Kalpataru Power Transmission and its worldwide subsidiaries. Out of the overall order, the T&D company received an order worth Rs 1481 crore, the EPC projects in the water industry received an order worth Rs 1509 crore, and the commercial building project received an order worth Rs 195 crore.
Share price movement of Kalpataru Power Transmission Limited
Scrip opened today at Rs 520 and made its day high at Rs 529.15. The 52-week high of the stock is Rs 591.10, whereas the 52-week low was Rs 332.30. Promoters hold 47.23%, whereas institutional and non-institutional holdings are 44.25% and 8.52%, respectively. Presently, the market cap of the company is Rs 8,209 crore.
Company profile
The Kalpataru Group, founded in 1969, includes Kalpataru Power Transmission Company. The business is a top provider of engineering, procurement, and construction (EPC) services with a track record of success. With broad capabilities, it executes high-profile projects and provides 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 areas such as power transmission and distribution, buildings and factories, roads and highways, water and irrigation, railways, and oil and gas. With a large, highly effective workforce, it offers a competitive edge by integrating internal project management, engineering, production, and construction to guarantee the maximum value offered to customers. In both the local and global markets, the firm has effectively positioned its High Voltage Substation business in the air-insulated (AIS) and gas-insulated (GIS) segments.
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