Kalpataru Power Transmission bags Rs 901 crore orders

Kalpataru Power Transmission Ltd (KPTL) on Tuesday said it has secured new orders of of Rs 901 crore.

The company said it has won a turnkey order of Rs 643 crore for construction of 765 kV D/C transmission lines in Tamil Nadu from the state’s power transmission utility.

Another order worth Rs 195 crore for design, supply, erection, testing and commissioning for railway electrification works has been received from from CORE, an official statement said.

PowerGrid and other state utilities have placed transmission line contract worth Rs 64 crore.

Kalpataru Transmission Power Ltd managing director and CEO Manish Mohnot said, “We have received orders of about Rs 9,350 crore in the current financial year 2017-18, which is a growth of 50% compared to last financial year 2016-17. Our current year order inflow has been consistent across all sectors namely transmission and substation, pipeline and railways. We continue to focus on achieving profitable growth for 2018-19 with the current visibility of order book.”