Mid Cap Power Sector Stock Bags Orders Worth Rs 3,079 crore, Shares Jump

Kalpataru Power Transmission Ltd from the mid cap space bagged orders worth Rs 3,079 crore on April 10, 2023. The shares of the company witnessed a surge of 4.86% in morning trade till 10:19 am. The stock offered return of 205% to investors in the last 3-years. Check details below:

Kalpataru Power Transmission Bags Order Worth Thousand Crores: According to the press release, Kalpataru Power Transmission Limited (KPTL) & its international subsidiaries have secured new orders/notification of awards of ₹ 3,079 Crores in the month of March‐ 23 and till date in April‐23. The details of the aforesaid new orders are as follows:
• Civil works for a data centre and buildings in India of ₹ 1,234 Crores
• EPC order in Railway business of ₹ 754 Crores in India
• Water supply projects in India of ₹ 708 Crores
• Residential and Institutional building project in Africa of ₹ 233 Crores
• Orders in the T&D business of ₹ 150 Crores in overseas markets

Kalpataru Power Transmission Stock Performance & Return: Last trading price of Kalpataru Power Transmission is Rs 544.00 apiece with intraday rally of 4.86%. The stock's 52-week high price is Rs 597.15 apiece and 52-week low price is Rs 332.30 apiece, respectively. The company's market capitalisation is Rs 8,826.51 crore. In last 6-months, shares of the company jumped 20%. The stock gave 37% return in last 1-year, 39% return in last 2-years, and 13% return in last 5-years.

Kalpataru Power Transmission About: The Company is providing railways EPC services for executing civil infrastructure, track laying, signaling & telecommunication and over-head electrification projects for railways in India. In India, the Company has also been undertaking power transmission projects on Build, Operate, Own, and Maintain (BOOM) model, according to its official website.

Disclaimer: The stock bagged an order on April 10, 2023. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.