MUMBAI: Shares of Kalpataru Energy Transmission jumped above 5% on Wednesday soon after the business gained new orders truly worth ₹956 crore.
The shares were buying and selling at ₹222, up all over 3% from its previous close, although the benchmark index, Sensex obtained .49% to 35086.18.
In a release to exchange following market hours on Tuesday, Kalpataru Electricity Transmission (KPTL) mentioned it secured orders from India, Africa and West Asia in transmission & distribution (T&D) business enterprise. KPTL’s worldwide subsidiary has secured new T&D initiatives in Europe.
Manish Mohnot, running director & CEO claimed, “We are delighted with the new order wins primarily in the experience of demanding market conditions. These new order wins assistance us to consolidate our management position in the T&D market in India and Africa. We are incredibly happy with the way our intercontinental subsidiary (Linjemontage) continues to gain market traction in the European T&D market.”
From the commencing of the yr, the Kalpataru Electric power stock has missing 46% versus a drop of 15% in the benchmark index, Sensex. The shares acquired 31% from the lows touched in March, though Sensex was up 20%.
On a consolidated basis, Kalpataru Electrical power Transmission noted a 79.5% drop in net profit to ₹31 crore for the quarter ended 31 March. Internet sales rose .4% to ₹3527 crore.
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