KPTL Wins New Orders Worth Rs 1,397 Crore, Total YTD Order Intake Details

  • Investing.com
KPTL Wins New Orders Worth Rs 1,397 Crore, Total YTD Order Intake Details

By Malvika Gurung

Investing.com -- The leading Engineering, Procurement, and Construction (EPC) company Kalpataru Power (NS: KAPT ) Transmission Limited (KPTL) has announced that it has received new orders worth Rs 1,397 crore.

In its latest filing to domestic exchanges on Dec 15, the specialized EPC major stated that the company, along with its international subsidiaries has bagged new notification of awards/orders of Rs 1,397 crore in size.

The underlined orders are received for KPTL’s markets in India as well as overseas in the transmission and distribution (T&D) business.

With the new orders mentioned above, the mid-cap company’s total order intake so far in the financial year 2022-23 has reached Rs 15,784 crore at a consolidated level, stated the company’s filing.

Moreover, KPTL has a strong L1 position, which ensures the company that its T&D business is poised for robust growth, led by a strong business outlook as well as order visibility in its focused markets.

“We are pleased with the business outlook in our flagship T&D business with consistent order wins. These new orders in addition to the orders declared earlier during the year have significantly enhanced our T&D order book and provide good visibility for future growth,” stated Manish Mohnot, Managing Director & CEO of KPTL.

Mohnot added that the company is confident of achieving its targeted growth going forward.

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