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Kalpataru bags orders worth Rs 1,263 cr

Press Trust of India  |  New Delhi 

Kalpataru Power Transmission Ltd (KPTL) on Friday said it has secured new orders worth about Rs 1,263 crore.

These orders include transmission and distribution works from Power Grid Corporation and South America, according to a statement by the company.

The company also got orders for design, supply, erection, testing and commissioning for railway electrification and associated works in India from RVNL (Rail Vikas Nigam Ltd), it added.

It also got EPC (engineering, procurement and construction) order for oil and gas pipeline-laying and associated works in India from Indian Oil.

The firm's international subsidiary has secured new transmission and distribution (T&D) projects in Europe.

KPTL Managing Director and Chief Executive Officer Manish Mohnot said, "We are delighted with the new order wins in our T&D, railways and oil & gas businesses. Our order book continues to grow on the backdrop of these new orders and further helps us strengthen our leadership position in the businesses that we operate."

He also added that the company's diversified order book "combined with L1 position of about Rs 2,300 crores gives us confidence to meet our revenue and profitability guidance for 2019-20".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 30 2019. 14:45 IST