Kalpataru Power Transmission Rallies 6% on Rs 880 Crore

New Delhi: Shares of engineering firm Kalpataru Power Transmission (KPTL) jumped as much as 5.8 per cent to hit intraday high of Rs 267 after the company said that it bagged contracts worth Rs 880 crore in both domestic and international markets. 

Kalpataru Power secured five transmission line projects together valued at Rs 465 crore in Tanzania, Ukraine, Thailand, Tajikistan and Ethiopia, the company said in a BSE filing.

It also won a turnkey contract for 400-kv transmission line of approximately Rs 342 crore from Karnataka Power Transmission Corporation. 

KPTL has also won a Rs 75-crore pipeline laying project  from GAIL.

On the order book, KPTL MD Manish Mohnot said: "We are successfully penetrating in international markets across Africa, CIS and Asian region on the back of our execution track and prudent project selection. We continue to gain market share in the domestic market." 

The shares in Kalpataru Power Transmission ended 1.4 per cent lower at Rs 248.