The 35th Annual General Meeting of Kalpataru Power Transmission Ltd approved allotment and issuance of "secured/unsecured redeemable non-convertible debentures up to Rs 300 crore," the company said in a filing to BSE.
The company posted 50 per cent jump in standalone net profit at Rs 64.53 crore in the quarter ended on June 30, 2016. The standalone net profit was Rs 43.01 crore in the year-ago quarter.
Total income from operations was Rs 1,187.37 crore in the first quarter of this fiscal compared to Rs 1,193.64 crore year ago, KPTL said in a press release.
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