Mumbai: Kalpataru Power Transmission Limited (KPTL) has received a Letter of Intent (LoI) for a power transmission and distribution project in the international market, said the company on Thursday. "The LoI is for a prestigious project involving design, engineering, supply and construction of HVDC power transmission line of ~700 kms. The estimated value of the project stands at Rs 3,276 crore (USD 431 Million). The LoI is subject to fulfilment of certain conditions. The project will start immediately with design and engineering activities in Phase 1," a statement said.
Commenting on the development, Manish Mohnot, Managing Director & CEO, KPTL, said, "We feel privileged to announce the receipt of the above mentioned LoI. This landmark achievement has been on several counts — intensive efforts that we have been putting in over last several years on large size projects for long-term value creation, developing strong client relationships and penetrating deeper into the focused markets on the back of our strong technical and execution capabilities. This is also a hugely rewarding experience as we were working along with the same clients for the past few years. It is a testament to our quality solutions and expertise in power T&D business. We look forward to many such opportunities in future."
KPTL is one of the largest specialised EPC companies engaged in power transmission and distribution, oil and gas pipeline, railways and civil infrastructure business. KPTL is currently executing projects in over 40 countries and has global footprints in over 60 countries. KPTL has maintained leadership position in all its major businesses backed by strong organisational capabilities, superior technical knowhow, and adherence to top-class sustainability standards.
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