Kalpataru Power Transmission jumps after its arm completes acquisition of 51% stake in Fasttel
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Kalpataru Power Transmission is currently trading at Rs. 377.35, up by 2.75 points or 0.73% from its previous closing of Rs. 374.60 on the BSE.
The scrip opened at Rs. 379.00 and has touched a high and low of Rs. 382.00 and Rs. 374.60 respectively. So far 1752 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 406.20 on 04-Mar-2021 and a 52 week low of Rs. 172.00 on 16-Apr-2020.
Last one week high and low of the scrip stood at Rs. 382.00 and Rs. 369.45 respectively. The current market cap of the company is Rs. 5619.09 crore.
The promoters holding in the company stood at 56.49%, while Institutions and Non-Institutions held 32.91% and 10.60% respectively.
Kalpataru Power Transmission’s wholly owned subsidiary -- Kalpataru Power Do Brasil Participacoes has completed the acquisition of 51% stake in Fasttel Engenharia, a Brazilian EPC Company (Fasttel), along with management control on April 07, 2021.
Kalpataru Power Transmission is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution.
