Kalpataru Power bags orders worth Rs 3,185 cr

Image
Capital Market
Last Updated : Feb 20 2023 | 12:50 PM IST

Kalpataru Power Transmission (KPTL) along with its international subsidiaries has secured new orders worth Rs 3,185 crore across its various businesses.

The civil construction company bagged orders amounting to Rs 1,481 crore in the transmission and distribution (T&D) business. It also received EPC projects in the water business for Rs 1,509 crore.

Further, the company also secured an order worth Rs 195 crore for commercial building project.

Kalpataru Power Transmission is one of the largest specialized EPC companies engaged in power transmission & distribution, oil & gas pipeline, railways and civil infrastructure business. The company is currently executing projects in over 30 countries and has global footprints in 67 countries.

On consolidated basis, the company's net profit slumped 56.3% to Rs 118 crore in Q3 FY23 from Rs 270 crore in Q3 FY22. Net sales rose 3% year on year to Rs 4,004 crore in the quarter ended 31 December 2022.

Shares of Kalpataru Power Transmission slipped 2.11% to Rs 502.55 on the BSE.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Feb 20 2023 | 12:29 PM IST

Next Story