Kalpataru Power jumps on securing orders worth Rs 660 crore

Kalpataru Power is currently trading at Rs. 84.65, up by 2.35 points or 2.86% from its previous closing of Rs. 82.30 on the BSE.

The scrip opened at Rs. 84.00 and has touched a high and low of Rs. 85.45 and Rs. 83.00 respectively. So far 1, 08,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 143.65 on 15-Jul-2011 and a 52 week low of Rs. 75.00 on 20-Jun-2012.

Last one week high and low of the scrip stood at Rs. 85.45 and Rs. 78.25 respectively. The current market cap of the company is Rs. 1,299 crore.

The promoters holding in the company stood at 55.81% while Institutions and Non-Institutions held 35.02% and 9.16% respectively.

Kalpataru Power Transmission (KPTL), a leading global EPC player in power and infrastructure contracting sector has secured two orders aggregating worth Rs 660 crore.

The first order worth Rs 280 crore is bagged under consortium arrangement with Thailand based CHC from Electricity Generating Authority of Thailand (EGAT). The order is for 500kv DC line of around 167 kms. While, the other order worth Rs 380 crore is from PGCIL is for 765kv Gwalior-Jaipur Transmission line of 162kms.

Kalpataru Power Transmission is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission and distribution, oil and gas pipeline, infrastructure development, civil contracting and warehousing and logistics business with a strong international presence in power transmission and distribution.