Kalpataru Power Transmission bags orders worth Rs 1,300 crore
Kalpataru Power Transmission has bagged orders worth Rs 1,300 crore in India and overseas, the Mumbai-headquartered engineering and construction company said on Tuesday.
The orders include an engineering, procurement and construction job for pipeline laying and associated works in India, and an order for railway electrification by Central Organization for Railway Electrification.
Kalpataru Power Transmission’s international subsidiary has secured power transmission and distribution projects in Europe.
“Our current year order inflow is in excess of Rs 4,500 crores and we are favourably placed in projects of over Rs 3,000 crores. We continue to be on track to achieve order inflows in the range of Rs 9,000 crore – Rs 10,000 crores for the current financial year,” Manish Mohnot, managing director and chief executive officer, was quoted as saying in a statement.
Kalpataru Power Transmission aims to divest all its power transmission assets and become net debt free by March 2021. It is focused on engineering and construction jobs, and project management assignments in India and has plans to expand its presence in Latin America, the Nordic region, the United States and Africa.
