Kalpataru Power Transmission, in a release announcing its recent financial results, said that it received new orders worth Rs.8,443 crore in the year ending March 31, 2021.
As of March 31, 2021, the company’s outstanding order book position was Rs.13,980 crore, including Rs.1,300 crore worth of orders not yet awarded but where KPTL was declared L1 bidder.
Commenting on the company’s performance, Manish Mohnot, MD & CEO, KPTL said, “The year 2020-21 was a challenging year for our business given the pandemic and mounting commodity pricing pressure. However, we have emerged stronger than ever before and have delivered a resilient performance backed by steady revenues, healthy profitability, reduced debt levels, strong order booking, favorable progress on the divestment of long-term assets and scaling-up our international business. Despite pandemic, we completed the transfer of two of our T&D BOOT assets and completed acquisition of Fasttel (Brazil).”
Performance in FY20
Though the release did not mention figures for FY20 (April 1, 2019 to March 31, 2020), based on information previously released from the company, it is learnt that in FY20, new order inflow was Rs.6,523 crore. This implies that the year-on-year growth in FY21 order inflows was an impressive 29 per cent.
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As of March 31, 2020, KPTL’s outstanding order book position was Rs.13,288 crore. A little over 60 per cent of this was accounted for by power T&D orders—both domestic and international. The remaining came from sectors like oil & gas, and railways.