Kalpataru Power plugs in

Kalpataru Power Transmission (KPTL) yesterday after market hours said that it has secured new orders / notification of award worth Rs.956 crore.

The details are as follows:

• Orders from India, Africa and Middle East in T&D business

• KPTL’s international subsidiary has secured new T&D projects in Europe

KPTL is engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution. The company is currently executing several contracts in India, Africa, Middle East, CIS, SAARC and Far East.

The stock price has reacted positively to this news. The stock price has been up since yesterday, opening today with a gain of over 5% at Rs.227.50, its intraday high. Its 20% UC for the day stands at Rs.259.70.