Kalpataru Power Transmission (KPTL) today said it has bagged orders worth Rs 400 crore from Algerian State Electricity Company for supplying transmission equipment.
In a filing to the Bombay Stock Exchange, KPTL said it has bagged three projects totalling Rs 400 crore ($81 million) from the Algerian government for its state electricity company. The project is scheduled to be completed within 8-15 months.
The project involves engineering, procurement and construction related work, including supply of towers and construction of the transmission lines, it said.
"Our order book has crossed $1 billion (Rs 5,000 crore) out of which overseas projects exceeds Rs 2,200 crore, which is a significant achievement for the group," KPTL Executive Director Manish Mohnot said.
The company has successfully completed six transmission line projects worth Rs 500 crore in Algeria in the recent past, the filing added.
Shares of Kalpataru Power Transmission settled at Rs 325.8, up nearly 2% on the BSE today.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app