Kalpataru Power jumps after winning order

Kalpataru Power Transmission jumped 5.16% to Rs 82.55 at 9:22 IST on BSE after the company said it secured orders worth Rs 1007 crore.

The announcement was made after market hours on Monday, 25 November 2013.

Meanwhile, the BSE Sensex was down 71.80 points, or 0.35%, to 20,533.28..

On BSE, 30,000 shares were traded in the counter compared with average volume of 20,054 shares in the past one quarter.

The stock hit a high of Rs 83.40 and a low of Rs 81.50 so far during the day. The stock hit a 52-week high of Rs 105.40 on 10 January 2013. The stock hit a 52-week low of Rs 56 on 29 August 2013.

The stock had outperformed the market over the past one month till 25 November 2013, rising 5.65% compared with the Sensex's 0.38% fall. The scrip had also outperformed the market in past one quarter, rising 29.32% as against Sensex's 11.26% rise.

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

Kalpataru Power Transmission said the first order is for a 500-kilovolt D/C over-head transmission line worth Rs 630 crore in Egypt. Another order is for supply and installation of 220 kilovolt transmission systems worth Rs 246 crore in Rwanda and D. R. Congo. The company has also received an order for installing a pipeline from Hindustan Petroleum Corporation valued at Rs 131 crore.

Ranjit Singh, Managing Director, said, "The order inflow for the year to date is satisfactory having received orders over Rs 2750 crore, with international segment being major contributor. We are expecting similar traction going forward."

Kalpataru Power Transmission's net profit rose 17% to Rs 31 crore on 35% growth in revenue to Rs 962.20 crore in Q2 September 2013 over Q2 September 2012.

Kalpataru Power Transmission is one of the largest and fastest growing specialized EPC (engineering, procurement and construction) companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution. The company is currently executing several projects in India, Africa, Middle East, Australia, North America and Far East.

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