 "Kalpataru Power gains on winning new orders worth Rs 1,900 crore")
Kalpataru Power Transmission was trading higher by 4% to Rs 267 on the BSE in an otherwise subdued market after the company announced that it has secured new orders worth over Rs 1,900 crore.
“The company received order worth Rs 1,340 crore for turnkey project for construction of 225 KV transmission line and substation in Republic of Senegal, financed by Exim Bank of India’s NEIA buyer credit scheme,” Kalpataru Power Transmission said in a release.
The second order is for turnkey project (under JV) for construction of 500 KV transmission line in Islamic Republic of Afghanistan of approximately Rs 575 crore (KPTL share), funded by ADB, it added.
The stock hit an intra-day high of Rs 273 on the BSE in early morning trade. A combined 322,650 shares changed hands on the counter on the BSE and NSE till 10:31 AM.
“The company received order worth Rs 1,340 crore for turnkey project for construction of 225 KV transmission line and substation in Republic of Senegal, financed by Exim Bank of India’s NEIA buyer credit scheme,” Kalpataru Power Transmission said in a release.
The second order is for turnkey project (under JV) for construction of 500 KV transmission line in Islamic Republic of Afghanistan of approximately Rs 575 crore (KPTL share), funded by ADB, it added.
The stock hit an intra-day high of Rs 273 on the BSE in early morning trade. A combined 322,650 shares changed hands on the counter on the BSE and NSE till 10:31 AM.
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