Home » Market » Kalpataru Power Gets Orders Worth Rs 1,395 Crore, Shares Slip

Kalpataru Power Gets Orders Worth Rs 1,395 Crore, Shares Slip

Kalpataru Power Gets Orders Worth Rs 1,395 Crore, Shares SlipKalpataru Power Transmission on Wednesday said that it received orders worth Rs 1,395 crore from various state governments. Kalpataru Power informed the stock exchanges that it received an order from Tamil Nadu Power Corporation for turnkey transmission line worth approximately Rs 770 crore.

The company also received orders from Transmission Corporation of Telangana for turnkey transmission line worth Rs 497 crore and a pipeline project from Reliance Gas Pipeline worth Rs 188 crore.

Commenting on the announcements Kamal Jain, director of finance & CFO of Kalpataru Power Transmission said, “Domestic order inflows of over Rs 2,100 crore till date in the year ending 31 March 2016 (FY 2016) is very strong that is almost double compared to the same period of previous year.”

Shares of Kalpataru Power ended 1.74 per cent lower at Rs 262.10.

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