KPTL shares surge 7% as company bags orders worth Rs 560 crore

Image
Press Trust of India Mumbai
Last Updated : Jan 01 2015 | 5:40 PM IST
Kalpataru Power Transmission Ltd (KPTL) shares climbed over 7 per cent today as the company has bagged new orders worth about Rs 560 crore.
KPTL's scrip zoomed 6.76 per cent to settle at Rs 229.90 on the BSE. During the day, it gained 8.31 per cent to Rs 233.25 -- its 52-week high.
At the NSE, it surged 7.14 per cent to close the day at Rs 231.10.
The company has got contracts valued at nearly Rs 237 crore related to two transmission lines from Power Grid Corporation, according to a filing to the BSE.
Another order, valued at more than Rs 190 crore, is for supply, erection and commissioning of three transmission lines near Agra.
Besides, the company has been awarded a pipeline laying project worth Rs 132 crore by Indian Oil Corporation.
KPTL is a leading EPC player engaged in diverse segments, including power transmission and distribution.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 01 2015 | 5:40 PM IST

Next Story