Kalpataru Power Transmission bags order for railway electrification, EPC order for pipeline-laying

• The orders include an engineering, procurement and construction job for pipeline-laying and associated works in India

• An order for railway electrification by Central Organisation for Railway Electrification has also been secured by the company

Mumbai: Kalpataru Power Transmission has secured orders worth Rs 1,300 crore in India and overseas, the Mumbai-based engineering and construction company said in an official statement on Tuesday. The orders include an engineering, procurement and construction job for pipeline-laying and associated works in India, and an order for railway electrification by Central Organisation for Railway Electrification. In addition, Kalpataru Power Transmission's international subsidiary has secured power transmission and distribution projects in Europe.

Kalpataru Power Transmission expects to be net-debt-free in 2021

"Our current year order inflow is in excess of Rs 4,500 crore and we are favourably placed in projects of over Rs 3,000 crore. We continue to be on track to achieve order inflows in the range of Rs 9,000 crore-Rs 10,000 crore for the current financial year. We continue to focus on expanding our international operations in all our business verticals for KTPL and JMC. The process of divestment of T&D assets is also on track and we expect to be net-debt-free in 2021," Manish Mohnot, managing director and chief executive officer, was quoted as saying by the statement.

ALSO READ: On the anvil is auction of power transmission contracts worth Rs 8,000 crore soon

Kalpataru Power Transmission

Kalpataru Power Transmission is a specialised EPC company based in Mumbai, engaged in power transmission and distribution, oil and gas pipeline, railways, infrastructure development, civil contracting and warehousing and logistics business with a strong international presence in power transmission and distribution. The company is currently executing several contracts in India, Africa, Middle East, CIS, SAARC and Far East.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)