On Friday, Kalpataru Power Transmission Ltd (KPTL) and its subsidiaries have orders worth Rs 4,47 4 crore. This is a leading global EPC (engineering, procurement and construction) player in power. As per the company statement, its subsidiaries have secured new order awards of Rs 4,474 crore at the consolidated level.

The order has been received for KPTL in the power of transmission of Rs 1,957 crore in the global market, which includes an order in March 2022 of Rs 500 crore.

• What is Stock Order : Types, Differences & How Order Works
• India’s Business Activity Hits 3-Month High in Nov Amid Rising Costs
• Trudeau to Cut Sales Tax and Send Checks to Canadians Ahead of Election
• Ashwini Vaishnaw Encourages German Companies to Invest in India
• Flipkart Appoints Dan Bartlett to Board

In India, the company has received an oil and gas pipeline project and the Middle East worth Rs 169 crore, and JMC, its subsidiary JMC received an order for a water supply project of Rs 2,193 crore, as well as MC got B&F projects in South India worth Rs 155 crore in March 2022.

“We are extremely pleased to report new order wins in our T&D, Water and Oil & Gas business. These new orders will help us to strengthen our market position in high-growth businesses as we further diversify our clientele and penetrate newer markets.

“We are particularly pleased with our Oil & Gas business, as they have secured their first international EPC order for laying gas pipeline in the Middle East. The significant value of these new orders has a price variation clause, which protects our margins greatly given the volatility in commodity prices…,” Manish Mohnot, Managing Director & CEO, KPTL, said in the statement.