Kalpataru Power jumps after securing new orders

Kalpataru Power Transmission rose 8.69% to Rs 222.65 at 9:23 IST on BSE after the company said it has secured new orders worth about Rs 1320 crore.

The announcement was made after market hours yesterday, 22 March 2016.

Meanwhile, the S&P BSE Sensex was down 76.83 points or 0.3% at 25,253.66.

On BSE, so far 40,000 shares were traded in the counter as against average daily volume of 13,000 shares in the past two weeks. The stock hit a high of Rs 223.70 and a low of Rs 216.15 so far during the day. The stock had hit a 52-week high of Rs 291.80 on 6 August 2015. The stock had hit a 52-week low of Rs 160 on 12 February 2016.

The mid-cap company has equity capital of Rs 30.69 crore. Face value per share is Rs 2.

Kalpataru Power Transmission's Managing Director Manish Mohnot said that the company has secured orders aggregating more than Rs 7450 crore in the current financial year so far, with around 55% contribution from domestic transmission business, 10% from domestic infrastructure business and balance from international markets.

Kalpataru Power Transmission's net profit fell 7% to Rs 38.11 crore on 24.5% decline in net sales to Rs 856.48 crore in Q3 December 2015 over Q3 December 2014.

Kalpataru Power Transmission is a turnkey player in power, infrastructure and asset creation.

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