Kalpataru Power Transmission wins new orders
India, Mumbai: EPC player Kalpataru Power Transmission Ltd (KPTL) has announced the winning of new orders.
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India, Mumbai: EPC player Kalpataru Power Transmission Ltd (KPTL) has announced the winning of new orders.
The orders are for both the domestic and overseas markets.
A release from KPTL said that it has secured new orders worth $213 M (Rs.1554 crore). While KPTL bagged power transmission-related orders from India, Commonwealth of Independent States and Latin America, the company’s international subsidiary landed new power transmission projects in Europe.
These new orders have taken KTPL’s cumulative order inflow in FY21 so far, to around $1.1 B (Rs.8,000 crore).
Commenting on the new order announcements, Manish Mohnot, managing director and CEO, KPTL said “We are delighted with the new order wins in our power transmission business. These new order wins help us to strengthen our power transmission order book in India and overseas market. Our current year order inflow has reached around $1.1 B (Rs.8,000 crore) and additionally we have good visibility across all our businesses. Our order book visibility with low debt gives us confidence of growth from long-term perspective.”
Source: T&D India