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New Delhi: Kalpataru Power Transmission said on Friday that it has bagged orders worth Rs 1,200 crore. "Kalpataru Power Transmission Limited (KPTL) and its international subsidiaries have secured new orders/notification of awards of Rs 1,290 crore," the company said in a statement. "The KPTL arm has bagged water projects worth Rs 1,497 crore in India. It has also secured orders for building and factory projects worth Rs 780 crore in the country. Further, JMC Projects (India) Limited (JMC), a subsidiary of KPTL, has also secured new orders of 2,277 crore," the statement added.
Manish Mohnot, Managing Director & CEO, KPTL, said in the statement, "We are delighted with the new order wins across our business verticals. The T&D (transmission and distribution) orders will help us to consolidate our presence in key T&D markets like Middle East and Latin America. The new orders in the oil, gas and railways business have further strengthened our order book."
"KPTL's total order intake year till date in FY23 is around Rs 6,890 crore, which reflects significant growth as compared to the similar period in the last financial year. The company has a strong L1 position and robust visibility across all its businesses, which gives us the confidence to achieve our targeted growth going forward," said Mohnot.
"KPTL is one of the largest specialised engineering and procurement companies engaged in power transmission and distribution, oil & gas pipeline, railways and civil infrastructure business. KPTL is currently executing projects in over 30 countries and has global footprints in 67 countries," said the statement.
(With PTI inputs)
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