Kalpataru Projects International Limited (KPIL) & its international subsidiaries have secured new orders/notification of awards of Rs 1,016 crore, according to a company statement.
The company bagged two orders worth Rs 763 crore for laying of pipelines and associated EPC works from GSPL India Transco and GAIL(I) Ltd, KPTL said in a filing to BSE.
Engineering firm Kalpataru Power Transmission Ltd (KPTL) reported a 57 percent jump in its standalone net profit at Rs 57.14 crore in the quarter ended December 31, 2016. The company is confident of 15-20 percent growth next year.
In an interview to CNBC-TV18, Manish Mohnot, MD of Kalpataru Power Transmission spoke about the results and his outlook for the company.
KPTL, a global engineering player in power T&D (transmission and distribution) sector, has revenue generation of Rs 1,143.25 crore in the quarter under review as compared to Rs 959.41 crore in the same period a year ago.
Kalpataru Power Transmission Ltd (KPTL) said it has bagged new orders of over Rs 1,900 crore in the overseas markets
Speaking to CNBC-TV18, Manish Mohnot, MD of Kalpataru said that gross margins will stay at around 10.5 percent levels and revenue is expected to grow by 25 percent in FY17.
There is lot of traction in orders from railways and over last few weeks tenders worth over Rs 2000 crore have been floated, says Manish Mohnot, MD of Kalpataru Power Transmission
Manish Mohnot, MD, Kalpataru Power says the company recently won transmission line projects in Malawi and Kuwait worth Rs 594 crore and another pipeline project from ONGC worth Rs 187 crore
The company 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.
The company's net profit in the year-ago period was Rs 41.86 crore, it said in a regulatory filing. The total income from operations of the company increased to Rs 1,169.61 crore from Rs 1,063.38 crore in the same quarter of the previous fiscal.
Kalpataru Power was buzzing in trade Wednesday after the company won an order worth Rs 835 crore. In an interview to CNBC-TV18, Manish Mohnot, JMD, Kalpataru Power Transmission shares the details of the order and the road ahead.
In an interview to CNBC-TV18 executive director Manish Mohnot expects the company‘s performance to be sustainable going forward based on the current order book visibility.
In an interview with CNBC-TV18, Manish Mohnot, ED, Kalpataru Power Transmissions spoke about the latest happenings in his company and sector.
In an interview with CNBC-TV18, Manish Mohnot, ED, Kalpataru Power Transmissions says, the company’s consolidated order book is in the range of Rs 10,000 crore. He expects 15-20% growth at Kalpataru Power next year.