Kalpataru Power Transmission gains after acquiring Alipurduar Transmission

Kalpataru Power Transmission rose 0.8% to Rs 252.65 at 14:21 IST on BSE after the company acquired 100% equity share capital of an SPV company Alipurduar Transmission.

The company made the announcement after market hours yesterday, 6 January 2016.

Meanwhile, the BSE Sensex was down 478.03 points, or 1.88%, to 24,928.30

On BSE, so far 22,903 shares were traded in the counter, compared with an average volume of 14,140 shares in the past one quarter. The stock hit a high of Rs 260.35 and a low of Rs 249 so far during the day. The stock hit a 52-week high of Rs 291.80 on 6 August 2015. The stock hit a 52-week low of Rs 197.55 on 26 March 2015. The stock had underperformed the market over the past one month till 6 January 2016, falling 4.98% compared with 0.90% decline in the Sensex. The stock, however, outperformed the market in past one quarter, declining 3.41% as against Sensex's 5.67% fall.

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

Alipurduar Transmission (ATL) is a wholly-owned subsidiary of REC Transmission Projects Company (RECTPCL). ATL was incorporated in April 2015 by RECTPCL to establish transmission system strengthening in Indian system for transfer of power from new hydroelectric power (HEP)'s in Bhutan on build, own, operate and maintain (BOOM) and the company has acquired it from RECTPCL pursuant to competitive bidding process carried out by RECTPCL, Kalpataru Power Transmission said.

Kalpataru Power Transmission's net profit fell 3.9% to Rs 41.02 crore on 16.7% fall in net sales to Rs 935.46 crore in Q2 September 2015 over Q2 September 2014.

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

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