Kalpataru Power Jumps Over 9 Per cent On New Orders

Mumbai, Mar 23 (PTI) Shares of Kalpataru Power today surged over 9 per cent after the company said it has secured orders worth Rs 1,320 crore from Power Grid Corp.

The stock soared 9.20 per cent to Rs 223.70 on BSE. On NSE, it jumped 9.43 per cent to Rs 224.40. Kalpataru Power Transmission Ltd (KPTL) has received new orders of over Rs 1,320 crore, the company said in a BSE filing yesterday.

Kalpataru Power Jumps Over 9 Per cent On New Orders
Kalpataru Power Transmissions: Quotes, News
BSE 266.50BSE Quote4.6 (1.73%)
NSE 265.60NSE Quote4.05 (1.52%)

The order includes 765-kv turnkey transmission line project of Vemagiri-Chilakaluripeta of about Rs 778 crore and the Gadarwara-Warora line of Rs 353 crore.

The firm also bagged Rs 77-crore transmission line supply project for an ultra mega solar park in Andhra Pradesh and Rs 44-crore sub-station contract.

Besides, the company also got turnkey transmission line project of Rs 73 crore in Abu Dhabi.

PTI 

Read more about: kalpataru power
Story first published: Wednesday, March 23, 2016, 10:55 [IST]
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