Kalpataru Power advances on winning orders worth Rs 1,400 cr

Kalpataru Power Transmission is trading higher on the BSE after the company secured orders worth Rs 1,400 crore from Maharashtra State Electricity Transmission (MSETCL) and North East Transmission (NET) for transmission and substation projects.

The scrip is currently trading at Rs 866 per share, up 27.60 points or 3.29% on the BSE.

The stock opened at Rs 890 as compared to its previous close of Rs 838.40. Intraday, the counter touched a high and a low of Rs 897 and Rs 835.50, respectively.

So far, 75,948 shares of the company were traded on the BSE.

The stock touched its 52-week high of Rs 897 on September 1, 2009 and a 52-week low of Rs 222 on March 9, 2009.

The stock has gained 6.28% since the past one week and 28.47% since the last one month.

The order from MSETCL is for turnkey execution of 220 and 132 kv tramission lines and substation end bays under strategic alliance EPC Model, to be executed over a period of next 3 years.

Further, the order from NET covers turnkey execution of 158 km of 400 D/C Churaibari - Silcher - Khelerihat line in the state of Meghalaya and Assam, to be executed in 28 months period.

With this, the order book of the company has crossed Rs 6,000 crore mark which has to be executed over the next two to three years time.