Kalpataru Power Secures New Orders Valued at Rs 1,288 crore

Kalpataru Power Transmission Ltd (KPTL) has announced that it has secured new orders worth Rs 1,288 crore. The company's transmission and distribution (T&D) business has won projects of Rs 771 crore predominantly in international markets, KPTL held in a declaration.

Its oil and gas business bagged two projects tallying Rs 517 crore, the company further.

"These new orders along with the order announced during the year will help us to deliver sustainable and profitable growth ahead. We remain confident to meet our revenue and margin guidance for financial year 2018-19," Managing Director and CEO Manish Mohnot supposed.

KPTL is a focused engineering, procurement and construction company in India engaged in power T&D, oil and gas pipeline, railways, infrastructure development, civil contracting and warehousing and logistics business. It is implementing several contracts in India, Africa, the Middle East, CIS, SAARC and the Far East.

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