Kalpataru Power settles 2 pc up on bourses on new order win

Stock of Kalpataru Power Transmission today settled with gains of over 2 per cent after the company said it has bagged new orders worth of Rs 875 crore in domestic and international space.
During the day, the scrip rose 5.06 per cent to touch an intra-day high of Rs 461.35 and settled at Rs 448.30, up 2.10 per cent.
A similar movement was seen on the NSE where the stock opened at Rs 450, then touched an intra-day high of Rs 463.70 and ended the day at Rs 447.35, up 1.61 per cent.
In a BSE filing today, KPTL said it has secured two orders worth of Rs 278 crore for design, supply and construction of transmission lines in India.

It also won three orders worth of Rs 597 crore for design, supply and construction of transmission lines in Afghanistan, Ivory Coast and Bangladesh.
The company has received orders of Rs 5,900 crore till date in the current financial year.
KPTL is an engineering firm in power transmission and distribution, oil and gas pipeline, railways, infrastructure development, civil contracting and warehousing and logistics business with a strong international presence.