Kalpataru Power Transmission, in a filing to BSE has informed that it has secured new orders / notification of award of Rs. 625 Crores. The new orders / notification of award secured by the Company are orders from Africa in the power transmission business, order for railway electrification in India and a new power transmission projects in Europe by its international subsidiary.
Commenting on the new order secured by the Company, Manish Mohnot, Managing Director & CEO, KPTL said “We are delighted with the new order wins in our power transmission and railways business. The new orders in the T&D business provides us with a strategic entry in a new country in the African market, demonstrating sheer focus on strengthening our presence in key markets. Our order wins for 2020-21 has reached around Rs.8,500 Crores at standalone level and has exceeded Rs.16,000 Crores at consolidated level. Our diversified order book, robust execution capabilities and strong balance sheet position gives us confidence of growth from a long-term perspective.”