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Friday, January 22, 2016

KPTL secures new orders worth Rs 1,295 cr

Engineering firm Kalpataru Power Transmission Ltd (KPTL) on Thursday said it has bagged four new orders for power transmission projects totalling Rs 1,295 crore. In a filing to the Bombay Stock Exchange, KPTL said, “The company has secured new orders/notification of award of approximately Rs 1,295 crore.” It’s first order is for establishment of transmission system strengthening for transfer of power from new hydro-electric power projects in Bhutan to India. The 400 KV transmission line project to be constructed in West Bengal and Bihar worth Rs 864 crore has been awarded by the company's 100 per cent subsidiary Alipurduar Transmission Ltd, it added. This is the third BOOM (Build Own Operate Maintain) project to be executed by the company. The second order is for turnkey transmission line project in Nepal worth approximately Rs 238 crore from Nepal Electricity Authority, the company said in a statement. The company further said that, it has received another order for construction of 380 KV overhead transmission lines in Saudi Arabia worth approximately Rs 146 crore. The project is implemented by Kalpataru IBN Omairah, a joint venture between IBN Omairah Contracting Company and KPTL, where KPTL owns 65 per cent equity stake. Another order is for transmission tower supply project worth Rs 47 crore from Power Grid Warora Transmission Ltd (a subsidiary of Power Grid Corp). Commentig on the development, KPTL, Managing Director, Manish Mohnot said, “The order inflow in the year till date is over Rs 6,150 crore which is over 1.4 times last year's revenues. Strong pipeline of orders from both domestic and international markets, provide us clear growth visibility for next two years.” Meanwhile, shares of the company closed at Rs 187.2 apiece, down 1.94 per cent, from previous close on BSE.