Kalpataru Power Transmission clinches Rs.625 crore worth of new orders
- March 31, 2021
Kalpataru Power Transmission Ltd, in a release, said that it has received new orders worth Rs.625 crore.
KPTL noted that the orders included power transmission-related mandates in Africa. Besides, the power and infrastructure EPC company has landed a railway electrification order in India.
KPTL also said that its international subsidiary (name not divulged) has secured new power transmission projects in Europe.
The new orders have taken KTPL’s cumulative order inflow in FY21 to around Rs.8,500 crore.
Commenting on the new order announcements, Manish Mohnot, Managing Director & CEO, KPTL said “We are delighted with the new order wins in our power transmission and railways business. The new orders in the T&D business provides us with a strategic entry in a new country in the African market, demonstrating sheer focus on strengthening our presence in key markets.
Our order wins for 2020-21 has reached around Rs.8,500 crore at standalone level and has exceeded Rs.16,000 crore at consolidated level. Our diversified order book, robust execution capabilities and strong balance sheet position gives us confidence of growth from a long-term perspective.”
Second in March 2021
The Rs.625-crore of orders that KPTL has reported represent the second set of orders announced in March 2021. On March 3, 2021, KPTL had clinched orders worth Rs.1,554 crore in the domestic and international markets.
