Kalpataru Power to raise Rs 300 crore via NCD route

Engineering firm Kalpataru Power Transmission (KPTL) will seek shareholders' nod to issue securities for up to Rs 300 crore on a private placement basis.
The company proposes to "make an offer of or invite subscription to secured/unsecured redeemable non-convertible debentures... For an aggregate amount not exceeding Rs 300 crore in one or more series/tranches on a private placement basis".
The approval for issuing NCDs will be sought from shareholders at the annual general meeting to be held on September 29, the company said in a regulatory filing.
KPTL is a turnkey player in power, infrastructure and asset creation with a presence across 38 countries.

The company had earlier said it has bagged contracts worth Rs 880 crore in both domestic and international markets.
The company secured five transmission line projects together valued at Rs 465 crore in Tanzania, Ukraine, Thailand, Tajikistan and Ethiopia.
It had also won a turnkey contract for 400-kv transmission line of approximately Rs 342 crore from Karnataka Power Transmission Corporation.
It has also bagged a Rs 75-crore pipeline laying project from GAIL.