Kalpataru Power Transmission jumps on getting LoI for order worth Rs 3,276 crore
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Kalpataru Power Transmission is currently trading at Rs. 391.00, up by 13.50 points or 3.58% from its previous closing of Rs. 377.50 on the BSE.
The scrip opened at Rs. 403.70 and has touched a high and low of Rs. 403.70 and Rs. 390.00 respectively. So far 8365 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 495.95 on 03-Aug-2021 and a 52 week low of Rs. 338.00 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 403.70 and Rs. 356.05 respectively. The current market cap of the company is Rs. 5621.32 crore.
The promoters holding in the company stood at 51.58%, while Institutions and Non-Institutions held 39.89% and 8.53% respectively.
Kalpataru Power Transmission has received Letter of Intent (LoI) for power transmission and distribution project in international market. The LoI is for a prestigious project involving design, engineering, supply and construction of HVDC power transmission line of 700 kms. The estimated value of the project stands at Rs 3,276 crore ($431 million). The LoI is subject to fulfilment of certain conditions. The project will start immediately with design and engineering activities in Phase 1.
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.
