Kalpataru Power bags orders worth Rs 2,477 crore; share price marginally higher

Kalpataru share price: The orders also include EPC (Engineering, Procurement and Construction) projects in the water business of Rs 1,296 crore.

Kalpataru's new orders include Rs 1,181 crore orders in the T&D (transmission distribution) business in India and overseas markets, Pic- Reuters

Kalpataru Power share price traded marginally higher on Thursday amid reports that the transmission firm has bagged orders worth Rs 2,477 crore. Kalpataru Power Transmission Ltd (KPTL) and its international subsidiaries have secured new orders/notification of awards of Rs 2,477 crore, it said in a statement.

Kalpataru's new orders include Rs 1,181 crore orders in the T&D (transmission distribution) business in India and overseas markets.

The orders also include EPC (Engineering, Procurement and Construction) projects in the water business of Rs 1,296 crore.

What did Kalpataru's management say?

Manish Mohnot, MD & CEO, KPTL, said in the statement, "The orders in the T&D business have significantly enhanced our order book, especially in the domestic market. Our water business continues to strengthen and diversify its presence in the rural piped water supply projects."

With the above order wins, "our YTD (year to date) order intake has reached a record level of Rs 25,149 crore", he said.

How Kalpataru's stock price has performed?

In the past one year, Kalpataru Power Transmission Ltd (NSE: KALPATPOWR) shares have zoomed more than 50 percent. Over the years, the stock has given stellar returns of over 17,000 percent.