Kalpataru Power rallies over 7%, hits 52-week high on order win

NEW DELHI: Kalpatary Power Ltd rallied as much as 7.4 per cent to hit its 52-week high of Rs 102.75 in trade on Tuesday, after media reports suggested that the company bagged orders worth Rs 700 crores.

At 09:25 a.m.; Kalpataru Power was trading 5 per cent higher at Rs 100.40. It hit a low of Rs 100.05 and a 52-week high of Rs 102.75 in trade today.

The orders are in the transmission and infrastructure verticals. The company has secured a contract worth over Rs 350 crore from Power Grid Corporation ( PGCIL) to supply and erect 765 KV double circuit Solapur-Aurangabad transmission line of 140km in Maharashtra, said a PTI report.

KPTL has bagged a contract worth Rs 134 crore for supplying transmission towers to Saudi Arabia and Ethiopia, a company release said.