“These orders in the T&D business reaffirm our confidence in the strong growth of this business going forward”, said Manish Mohnot, MD and CEO, Kalpataru Power Transmission Limited.
January 12, 2022
Kalpataru Power Transmission has bagged new orders worth INR 1,560 crore. The orders are from India, Africa, the Commonwealth of Independent States, and South America, besides the new power transmission projects in Europe secured by KPTL’s international subsidiary.
Earlier this month, Kalpataru Power Transmission Limited (KPTL) and Techno Electric and Engineering Company (TEECL) (a joint-venture partner of KPTL) had sold their respective stakes in Kohima-Mariani Transmission (KMTL) to CLP India (Apraava Energy).
“Kalpataru Power Transmission (KPTL), a leading global EPC player in the power and infrastructure contracting sector, has secured new orders/notifications of award of INR 1,560 crore,” the company said in a statement.
Kalpataru Power Transmissions’ key products and business segments include EPC (Engineering, Procurement, and Construction), transmission lines, towers, and structures, amongst others.
Manish Mohnot, MD and CEO, Kalpataru Power Transmission Limited said, “We are delighted with the new order wins especially that all these orders are in our core power T&D business. These orders in the T&D business reaffirm our confidence in the strong growth of this business going forward. With reduced volatility and good visibility across all our businesses, we are confident to reach our targeted margin and build a strong order book.”