Kalpataru Power Transmission wins $107 M orders in 2022
India: Kalpataru Power Transmission Ltd (KPTL) has reported the winning of new orders worth $107 M (Rs 803 crore) in 2022 so far.
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India: Kalpataru Power Transmission Ltd (KPTL) has reported the winning of new orders worth $107 M (Rs 803 crore) in 2022 so far.
In an investor presentation filed on stock exchanges, KPTL said that it has witnessed new order inflow of the above amount in 2022, which is from 1 January 2022 up to around 11 February 2022.
In the third quarter (Q3, October to December) of FY22, KPTL won a record level of new orders, valued at $277 M (Rs 2063 crore). This was 38 % higher than even the order inflow in the first half (H1, April to September) of FY22.
In the first three quarters (April to December) of FY22, the cumulative order inflow stood at $585 M (Rs 4,364 crore). The power T&D sector accounted for a dominating 75 % of these order inflows. The oil and gas project had a share of 13 %, followed by railways with 12 %.
This cumulative order inflow includes that of KPTL and its overseas subsidiaries – Linjemontage (Sweden) and Fasttel (Brazil).
It may be mentioned that KPTL had closed FY21 (April to March) with an order inflow of $1.13 B (Rs 8,443 crore), and an outstanding order book position of $1.87 B (Rs 13,980 crore), as of 31 March 2021.
The board of directors of Kalpataru Power Transmission Ltd is scheduled to meet on 19 February 2022 to, inter alia, discuss and consider the “proposal of reorganization,” the company said in a stock exchange filing. No further details are yet available.
Source: T&D India
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