Kalpataru Power surges 9% on securing orders worth Rs 1,345 crore

Analysts at Emkay Global Financial Services believe improving inflow and lower raw-material cost will imply better earnings for KPTL in the coming times.

Shares of Kalpataru Power Transmission (KPTL) surged 9 per cent to Rs 440 on the BSE in Tuesday’s intra-day trade after the company & its international subsidiaries secured new orders / notification of awards worth Rs 1,345 crore.

The company received orders in India and overseas market in the transmission & distribution (T&D) business. The orders are also for pipeline laying works and for metro rail electrification in India (Secured in joint venture / consortium).

KPTL is one of the largest specialized EPC companies engaged in power transmission & distribution, oil & gas pipeline, railways and civil infrastructure