Kalpataru shares climb over 5% on bagging Rs 1,320 cr orders

Shares of Kalpataru Power settled with over 5 per cent gains today as the company has secured orders worth Rs 1,320 crore from Power Grid Corp.
The stock surged 4.74 per cent to end the day at Rs 214.55. During the day it climbed 9.2 per cent to Rs 223.70.
At NSE, the shares gained 5.34 per cent to settle at Rs 216.
On the volume front, 1.47 lakh shares traded on BSE and over 10 lakh shares at NSE during the day.
The other includes a transmission line supply project for Gadarwara-Warora Transmission Line Project of about Rs 353 crore from Powergrid Warora Transmission Ltd.

Also, an order is one transmission line supply project for ultra mega solar park transmission system in Andhra Pradesh of Rs 77 crore a Rs 44 crore for a substation project.
Commenting on the announcement, Kalpataru Power MD Manish Mohnot said: "This year has been exceptionally good for us from an order inflow perspective.
"We have secured orders in excess of Rs 7,450 crore in 2015-16, with around 55 per cent contribution from domestic transmission business, 10 per cent from domestic infrastructure business and balance from international markets.