Kalpataru Power receives fresh orders at Rs 1,247 crore, and its stock price improves

On December 30, Kalpataru Power Transmission Limited (KPTL) announced that the company and its overseas subsidiaries had received fresh orders totaling Rs 1,247 crore. According to a regulatory filing, the orders in India and other markets are for power transmission and distribution (T&D).

Manish Mohnot, Managing Director and CEO of KPTL, commented on the new order announcements, saying, "We have reinforced and consolidated our market position in India, SARRC, and Africa with these new orders. Given the emphasis on renewables and the upgrading of T&D infrastructure in India and international markets, we expect T&D ordering momentum to stay strong."

KPTL further announced that the company's consolidated year-to-date (YTD) FY23 order inflows have surpassed Rs 17,031 crore.

"The existing order book, together with our diverse business mix, provides solid sight for development in the future quarters," said Mohnot.

Meanwhile, KPTL shares surged on December 30 on the order booking announcement. At 2:30 p.m., KTPL shares were trading 1.63 percent higher on the BSE, at Rs 558.55. The stock hit an intraday high of Rs 567.10, up from its previous closing of Rs 549.60.

Since today's opening, the stock has been rising as the business named Shailendra Kumar Tripathi as deputy managing director for the term ending October 21, 2025 on December 29.

KPTL is one of the country's largest specialised EPC businesses, with operations in power transmission and distribution, oil and gas pipelines, railways, and civil infrastructure. KPTL is now working on projects in over 30 countries and has a presence in 67.