Shares of Kalpataru Power Transmission rose 6 percent in early trade on December 30 after the company won orders for power transmission projects.
The company's international subsidiary has secured new power transmission projects in Europe.
“We are delighted with the new order wins, especially that all these orders are in our core power T&D business. These orders in the T&D business reaffirms our confidence in the strong growth of this business going forward," said Manish Mohnot, Managing Director & CEO, Kalpataru Power Transmission.
"With reduced volatility and good visibility across all our businesses, we are confident to reach our targeted margin and build a strong order book,” he added.
At 09:18 hrs, Kalpataru Power Transmission was quoting at Rs 372.10, up Rs 15.80, or 4.43 percent.
The stock touched a 52-week high of Rs 495.95 and a 52-week low of Rs 302.75 on 03 August, 2021 and 29 December, 2020, respectively.