Kalpataru Power Transmission (KPTL) rose 1.22% to Rs 406.10 after the company said it secured new orders worth approximately Rs 979 crore.
In an exchange filing made during market hours today, the company said it bagged orders from India and Middle East in T&D business. KPTL's international subsidiary secured new T&D projects in Europe. It also secured EPC orders for railway electrification and gauge conversion works in India.
On a standalone basis, KPTL's net profit rose 39% to Rs 127 crore on a 25% increase in net sales to Rs 1967 crore in Q2 September 2019 over Q2 September 2018.
KPTL is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution.
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