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Kalpataru Power jumps 7% on securing orders worth Rs 1,560 crore

The stock had been a under-performer so far this month and quarter when compared to the BSE Sensex returns.

Power supply, China
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Photo: Bloomberg

SI Reporter Mumbai
Shares of Kalpataru Power Transmission (KPTL), a leading global EPC player in the power and infrastructure contracting sector, surged 7.2 per cent in intraday trades on the BSE to a high of Rs 382 on Thursday after the company announced large order wins.

According to a release issused by the company to the BSE, the company has secured new orders worth Rs 1,560 crore. The orders are from India, Africa, CIS and South America in the power transmission business.

Further, KPTL’s international subsidiary has also secured new power transmission projects in Europe.

Commenting on the new order