KPTL Secures Domestic and Foreign Orders Worth Rs 625 Crore

KPTL has announced that it has secured new orders/ notification of award worth a combined Rs 625 crore

Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector has announced that it has secured new orders/notification of award worth a combined Rs 625 crore.

The projects have been won across three continents across the power and transmission sector: 

1. The first order has been won in Africa by the company’s power transmission business,
2. The second order has been received for railway electrification in India,
3. The third order has been received by KPTL’s international subsidiary for new power transmission projects in Europe.

Commenting on the new order announcements, Manish Mohnot, Managing Director & CEO, KPTL said “we are delighted with the new order wins in our power transmission and railways business. The new orders in the T&D business provides us with a strategic entry in a new country in the African market, demonstrating sheer focus on strengthening our presence in key markets.

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“Our order wins for 2020-21 have reached around Rs 8,500 crore at the standalone level and has exceeded Rs 16,000 crore at the consolidated level. Our diversified order book, robust execution capabilities and strong balance sheet position gives us confidence of growth from a long-term perspective.”

In February, the firm had issued its financial results for the quarter ended December 31, 2020, reporting revenue growth of 11 percent YoY to Rs 3501 crore in Q3FY21. With the increased revenue the firm also posted a strong Profit After Tax (PAT) growth of 132 percent YoY to reach Rs 308 crore with a margin of 8.8 percent in Q3FY21.

The firm had also reported that its standalone net debt declined by 39 percent YoY to Rs 612 crore and consolidated net debt declined by 36 percent YoY to Rs 2,343 crore as on December 31, 2020. YTD FY21, the received orders are worth R 13,744 crore; L1 position of around Rs 3850 crore.

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The firm also stated that new orders received by KPTL were for Rs 835 crore and that for its subsidiary JMC Projects orders were received for Rs 760 crore in Q4FY21 to date.