Kalpataru Power wins multiple orders
POWER & RENEWABLE ENERGY

Kalpataru Power wins multiple orders

Kalpataru Power Transmission secured orders worth Rs 1,957 crore from India and international markets in the power transmission business. The company also received an order for oil & gas pipeline projects in India and Middle East worth Rs 169 crore.

Kalpataru Power Transmission gained 1 per cent to Rs 344.15 in a weak market after the company and its subsidiaries bagged new order worth Rs 4,474 crore on a consolidated basis.

Meanwhile, JMC Projects, company's subsidiary received orders worth Rs 2,193 crore for water supply project in India. JMC Project also bagged an order worth Rs 155 crore for B&F project in South India. Significant value of these new orders have price variation clause, which protects the company’s margins to a large extent given the volatility in commodity prices.

The company reported a nearly 16 per cent fall in consolidated net profit to Rs 259 crore in Q3 FY22 from Rs 308 crore posted in Q3 FY21. Consolidated net sales grew 11 per cent to Rs 3,889 crore in Q3 FY22 from Rs 3,501 crore posted in Q3 FY21.

Kalpataru Power will announce its financial results for quarter ended 31 March 2022 on 14 May 2022.


Kalpataru Power Transmission secured orders worth Rs 1,957 crore from India and international markets in the power transmission business. The company also received an order for oil & gas pipeline projects in India and Middle East worth Rs 169 crore.Kalpataru Power Transmission gained 1 per cent to Rs 344.15 in a weak market after the company and its subsidiaries bagged new order worth Rs 4,474 crore on a consolidated basis.Meanwhile, JMC Projects, company's subsidiary received orders worth Rs 2,193 crore for water supply project in India. JMC Project also bagged an order worth Rs 155 crore for B&F project in South India. Significant value of these new orders have price variation clause, which protects the company’s margins to a large extent given the volatility in commodity prices.The company reported a nearly 16 per cent fall in consolidated net profit to Rs 259 crore in Q3 FY22 from Rs 308 crore posted in Q3 FY21. Consolidated net sales grew 11 per cent to Rs 3,889 crore in Q3 FY22 from Rs 3,501 crore posted in Q3 FY21.Kalpataru Power will announce its financial results for quarter ended 31 March 2022 on 14 May 2022.

Next Story
Infrastructure Energy

Sterling and Wilson Secures Rs 12 Bn Solar EPC Contract in Gujarat

Sterling and Wilson Renewable Energy has been awarded a Rs 1,200 crore contract for a 500-megawatt (MW) solar photovoltaic (PV) project in Gujarat, strengthening its foothold in India’s renewable energy sector. The engineering, procurement, and construction (EPC) contract encompasses the design, engineering, and installation of balance-of-system (BoS) components with single-point responsibility. It also includes operations and maintenance (O&M) services for three years. “We are delighted to secure this significant order, which will aid India, especially Gujarat, in its transition to clean ..

Next Story
Infrastructure Energy

NTPC Green Energy Signs MoU with Bihar Government

NTPC Green Energy (NGEL), a subsidiary of NTPC, has entered into a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during the Bihar Business Connect 2024 Global Investors’ Summit held on 20 December 2024 in Patna. The MoU outlines plans for substantial investments in Bihar to establish various renewable energy projects, including: Ground-mounted and floating solar installations Battery energy storage systems Green hydrogen mobility initiatives The Bihar Government will assist by facilitating necessary approvals, permissions, registrations, and cleara..

Next Story
Infrastructure Energy

ASECOL Launches 50 MW Solar Power Plant in Chitrakoot

ASECOL, a subsidiary of Adani Green Energy Limited (AGEL), has commissioned a 50 MW solar power plant in Chitrakoot, Uttar Pradesh. The plant has a 25-year Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) at Rs. 3.07/kWh. This milestone increases AGEL's total renewable energy capacity to 3,520 MW, moving closer to its 25 GW target by 2025. With the successful commissioning of this plant, AGEL’s operational solar generation capacity exceeds 3 GW. The company’s total renewable capacity stands at 15,240 MW, including 11,720 MW under development. The facility..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000