Business Standard

Kalpataru Power shares gain 3 pc on new orders


Press Trust of India New Delhi
Shares of Kalpataru Power Transmission Limited (KPTL) today rose by 3 per cent after the company secured new orders worth Rs 1,235 crore.
The stock gained 3.08 per cent to close at Rs 400.35 on the BSE. During the day, it surged 4.99 per cent to Rs 407.80.
At the NSE, shares of the company went up by 2.75 per cent to close at Rs 402.70.
These include order for railway infrastructure construction from Bangladesh Railways in a Consortium wherein KPTL's share is Rs 553 crore, a company statement said.
According to the statement, the other order is for transmission line and substation in Tajikistan and India totalling Rs 346 crore. There is an order for design, supply, erection, testing and commissioning for railway electrification, signalling and associated civil works from RVNL for Rs 185 crore in a consortium.
The company has also got an order for laying of pipeline and associated works of Rs 151 crore from Andhra Pradesh Gas Distribution Corporation Ltd.

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First Published: Jun 29 2018 | 4:20 PM IST

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