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Home News Power Sector News Kalpataru Power Transmission bags new orders of Rs 1,295 crore

Kalpataru Power Transmission bags new orders of Rs 1,295 crore

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TransmissionKalpataru Power Transmission Limited has secured new orders of about Rs 1,295 crore, the company said in a statement on January 21. KPTL is a prominent player in engineering, procurement and construction in power and infrastructure contracting sector.

The orders include establishment of transmission system for strengthening transfer of power from new hydroelectric power projects in Bhutan to India. The 400 KV transmission line project to be constructed in West Bengal and Bihar worth about Rs 864 crore has been awarded by the company's wholly-owned subsidiary Alipurduar Transmission Ltd. This is the third build, own, operate and maintain or BOOM project to be executed by the company.

The second large project bagged includes a turnkey transmission line project in Nepal worth about Rs 238 crore from Nepal Electricity Authority. The third involves construction of 380 KV overhead transmission lines in Saudi Arabia worth about Rs 146 crore. The project will be implemented by Kalpataru IBN Omairah Company Ltd, a joint venture between IBN Omairah Contracting Company and KPTL, where KPTL owns 65% equity stake.

Manish Mohnot, managing director of KPTL said, "The order inflow in the year till date is over Rs 6,150 crore, which is over 1.4 times last year's revenues. Strong pipeline of orders from both domestic and international markets provide us clear growth visibility for next two years."

Source- ET

 

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