Shares of Kalpataru Power Transmission (KPTL), a leading global EPC player in the power and infrastructure contracting sector, surged 7.2 per cent in intraday trades on the BSE to a high of Rs 382 on Thursday after the company announced large order wins.
According to a release issused by the company to the BSE, the company has secured new orders worth Rs 1,560 crore. The orders are from India, Africa, CIS and South America in the power transmission business.
Further, KPTL’s international subsidiary has also secured new power transmission projects in Europe.
Commenting on the new order announcements, Manish Mohnot, Managing Director & CEO, KPTL said “We are delighted with the new order wins, especially that all these orders are in our core power T&D business.