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Kalpataru Power Transmission Ltd (KPTL) and its international arms have secured new orders worth Rs 1,247 crore. The orders are in India and overseas markets in the T&D (transmission and distribution) business for Rs 1,247 crore, a company statement said. Manish Mohnot, Managing Director & CEO, KPTL, said in the statement, "With these new orders, we have further strengthened and consolidated our market position in India, Saarc and African markets. We expect T&D ordering momentum to remain robust given the thrust on renewables and upgradation of T&D infrastructure in India and International markets". KPTL's YTD (year-to-date) FY23 order inflows have crossed Rs 17,031 crore on a consolidated basis. The existing order book along with our diversified business mix provides good visibility for growth in coming quarters. It is one of the largest specialised EPC (engineering) companies engaged in power transmission & distribution, oil & gas pipeline, railways and civil
Leading stainless player Jindal Stainless Limited (JSL) has partnered with ReNew Power to develop its proposed 300 MW hybrid energy project, the company said on Monday. The project will generate 700 million units of green energy annually through a mix of solar and wind technologies, JSL said in a statement. Jindal Stainless has partnered with ReNew Power to setup 300 MW renewable energy project. "JSL has signed a contract with ReNew Power to develop a utility-scale captive renewable energy project for the supply of power to its facility in Jajpur, Odisha," the company said. JSL MD Abhyuday Jindal in an interview with PTI earlier had shared his company's plan of switching from a thermal energy-intensive manufacturing setup to renewable energy alternatives such as solar and wind power in states like Odisha, Haryana and Rajasthan. The plan will be taken forward accordingly post discussions with the interested parties, Jindal had said in September 2022. On the company's partnership wi
In a major push to strengthen power infrastructure in Jammu and Kashmir, Lieutenant Governor Manoj Sinha on Saturday e-inaugurated 17 power projects worth Rs 118.91 crore. The e-inauguration took place at Delina in north Kashmir's Baramulla district. Speaking on the occasion, the Lt Governor said the inauguration of new projects is another step towards developing better power distribution and efficient power transmission system in the region. To realise the vision of making Jammu and Kashmir power surplus, Rs 54,000 crore worth power projects have been approved which would generate 3500 megawatt in three to four years, the Lt Governor said. Sinha said determined efforts are being made to reach out to all the unconnected habitations, besides providing 24x7 quality electricity to the people of Jammu and Kashmir. He said the administration is taking many short, medium and long term measures to provide the people with quality power supply round the clock in the coming two years. The