Kalpataru & subsidiaries bags new orders worth Rs 2,290 cr

Kalpataru Power Transmission Limited (KPTL) and its arms have secured new orders worth Rs 2,290 crore.

KPTL is a leading global engineering, procurement and construction (EPC) player in the power and infrastructure contracting industry.

The company told the media that its subsidiaries had secured new orders worth Rs 2,290 crore at a consolidated level.

It includes orders from international markets in the power transmission sector of Rs 1,416 crore. It also secured orders for the construction of an elevated viaduct and five elevated railway stations of the Kanpur Metro Rail Project, civil works for a data centre and buildings and factories (B&F) projects in India amounting to Rs 874 crore.

CEO and Managing Director of KPTL, Manish Mohnot, said that the company won new order contracts in our transmission and distribution (T&D), urban infrastructure and B&F business. The new orders will help diversify its global reach and improve its order mix across business verticals.

He said that it would overall improve the market position of the company in the global EPC space and strengthen its capabilities in civil, electrical and heavy infrastructure businesses.

He added that the new order of Rs 6,109 crore and L1 position of over Rs 4,600 crore in the current quarter provides good visibility to achieve the targeted consolidated revenue growth of over 15% for FY23.

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Also read: Kalpataru Power wins multiple orders