Kalpataru Power rises 5% on Rs 955-cr order

Shares of Kalpataru Power Transmission gained as much as 4.7 percent to touch an intraday high of Rs 93.85 on Thursday as the company has received new orders worth over Rs 955 crore.

Kalpataru Power says new orders include supply & installation of 800 KV HVDC - 238 kms transmission line worth Rs 405 crore from Power Grid Corporation; two projects of 132 KV D/C - 420 kms transmission line worth Rs 260 crore in Uganda; 230 KV S/C - 228 kms transmission line worth over Rs 140 crore in Armenia and 138 KV S/C, 80 kms transmission line of Rs 65 crore in Philippines.

Electrical system revamp project at Hazira worth Rs 85 crore from ONGC was also a part of new orders.

At 13:42 hours IST, the stock rose 3.52 percent to Rs 92.75 amid large volumes on the Bombay Stock Exchange.
 
Trading volumes increased 398 percent to 1,39,131 shares as compared to its five day average of 27,932 shares.

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