Kalpataru Power Transmission gains on getting selected among preferred proponents for Australia project
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Kalpataru Power Transmission is currently trading at Rs. 554.75, up by 8.05 points or 1.47% from its previous closing of Rs. 546.70 on the BSE.
The scrip opened at Rs. 549.95 and has touched a high and low of Rs. 555.00 and Rs. 545.85 respectively. So far 13674 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 591.10 on 02-Jan-2023 and a 52 week low of Rs. 332.30 on 11-May-2022.
Last one week high and low of the scrip stood at Rs. 554.35 and Rs. 505.05 respectively. The current market cap of the company is Rs. 7429.34 crore.
The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 42.57% and 5.91% respectively.
Kalpataru Power Transmission (KPTL) has been selected with Acciona Construction Australia and Genus Plus Group, as the Preferred Proponent to deliver Transgrid’s HumeLink (East) transmission line project in Australia. The value of the project will be determined post conclusion of Early Contractor Involvement (ECI) Stage 2 process.
HumeLink involves the construction of an approximately 356km transmission line in New South Wales, Australia. HumeLink’s construction has been split into two sections (east and west) and involves new transmission lines and new or upgraded infrastructure at four substation locations. KPTL along with Acciona Construction Australia and Genus Plus Group will work in a Joint Venture arrangement to deliver the eastern section of the HumeLink project. HumeLink is a nation?critical transmission project, which will help secure supply for millions of Australians as ageing coal?fired power stations are retired.
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.
