Key Points of Kalptaru Power Transmission New Order:
- Kalpataru Power Transmission (KPTL) and its subsidiaries have secured new orders totaling ₹2,477 crores.
- The orders include transmission and distribution business worth ₹1,181 crores in India and overseas markets and EPC projects in the water business worth ₹1,296 crores.
- The year-to-date order intake of KPTL has reached a record level of ₹25,149 crores.
- KPTL is seeing continuous momentum in order inflows, particularly in the T&D and water businesses.
- The T&D orders have significantly enhanced KPTL’s order book, especially in the domestic market.
- KPTL is one of the largest specialized EPC companies, executing projects in over 30 countries and having a global footprint in 68 countries.
- KPTL recently slashed its FY23 consolidated revenue guidance to 12-14 percent from 15 percent earlier.
- The current share price of KPTL is trading with a gain of 2 percent in pre-opening and is up nearly 8 percent this month, standing at ₹570 which is 4 percent away from its 52-week high.
Details of Kalptaru Power Transmission New Order:
Kalpataru Power Transmission (KPTL) and its international subsidiaries have secured new orders totaling ₹2,477 crores. The orders include transmission and distribution business worth ₹1,181 crores in India and overseas markets, and EPC projects in the water business worth ₹1,296 crores. This brings KPTL’s year-to-date order intake to a record level of ₹25,149 crores, according to Manish Mohnot, MD & CEO of KPTL.
Mohnot stated that KPTL is seeing continuous momentum in order inflows, particularly in the T&D and water businesses. He noted that the orders in the T&D business have significantly enhanced their order book, especially in the domestic market. The water business continues to strengthen and diversify its presence in the rural piped water supply projects. Mohnot emphasized that KPTL remains focused on delivering profitable growth and improving return ratios going forward.
KPTL is one of the largest specialized EPC companies engaged in power transmission and distribution, buildings and factories, water supply and irrigation, railways, oil and gas pipelines, and urban mobility (flyovers and metro rail). The company is executing projects in over 30 countries and has a global footprint in 68 countries.
In February, KPTL bagged orders worth ₹5,641 crores, with this new order being the first for March. The company recently slashed its FY23 consolidated revenue guidance to 12-14 percent from 15 percent earlier, and expects order inflow to be in the range of ₹24,000-25,000 crores in FY23, according to Amit Uplenchwar of Kalpataru Power, who spoke to CNBC-TV18 on February 10.
The company’s stock is trading with a gain of 2 percent in pre-opening on the back of this new order win, and is up nearly 8 percent this month. The current share price of ₹570 is 4 percent away from its 52-week high.
About Kalpataru Power Transmission:
Kalpataru Power Transmission is specializes in offering railways EPC services, encompassing the execution of civil infrastructure, track laying, signaling & telecommunication, and overhead electrification projects in India. Additionally, it has been engaging in power transmission projects on a Build, Operate, Own, and Maintain (BOOM) model within the country.
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