Kalpataru Power Transmission Ltd (KPTL) reported an outstanding order book position of nearly Rs.460 billion, which is the highest in the company’s history.
According to an investor presentation recently filed on stock exchanges, KPTL’s order book position as of March 31, 2023, stood at Rs.45918 crore. Of this, the power T&D sector accounted for 36 percent or Rs.16479 crore.
The remaining was distributed among other verticals like oil & gas, urban infra, water, building & factories, and railways. It may be mentioned that KPTL’s performance now includes its erstwhile subsidiary JMC Projects which was merged with the parent company in FY23.
The order book of March 31, 2023, included domestic orders to the tune of 60 percent. International orders accounted for the remaining 40 percent.
In FY23, KPTL received an order inflow of Rs.25241 crore. Out of this, Rs.10179 crore came from the power T&D sector, representing a 40 percent share. In the aggregate FY23 order inflow, domestic orders had a share of 64 percent (in value terms) with overseas mandates taking up the remaining 36 percent.
Outlook
The presentation observed that business visibility in the power T&D sector remained robust on the back of increasing adoption of renewables and grid integration/upgradation in the international market. KPTL sees India, Africa, Latin America, and the MENA (Middle East & North Africa).
KPTL expects that over $4 billion worth of power T&D projects are likely to come up for bidding in the international market, over the next 10-12 months. As far as the domestic power T&D market is concerned, the outlook remains robust on the back of healthy tender visibility of over Rs.50,000 crore from interstate and intrastate power transmission schemes.
Overseas subsidiaries
Kalpataru Power noted that it expects to improve its capabilities and performance in Brazil and Sweden, following the acquisition of Fasttel and LMJ, respectively, in the two countries. As of end-FY23, Fasttel had an outstanding order book of Rs.1,140 crore while that for LMG was Rs.1,009 crore.
Order inflow in FY24
In the ongoing fiscal year FY24, up to around May 10, 2023, KPTL had secured orders worth Rs.4,114 crore across all its business verticals. Besides, the company enjoyed an L1 position with respect to orders valued at around Rs.4,000 crore.
Name change
It may be recalled that in early April 2023, Kalpataru Power Transmission Ltd (KPTL) proposed to change its name to “Kalpataru Projects International Ltd,” subject to requisite approvals. (Read more)
Featured photograph (source: KPTL) shows the Jauljibi substation in Uttarakhand, built by KPTL.
