Kalpataru Power Transmission received new orders of over Rs. 1,130 crore

June 27, 2013

Kalpataru Power Transmission Limited (KPTL) has secured new orders worth over Rs 1,130 crore, the brief details are as follows:

• Supply and erection of two projects consisting 330 kV transmission line of 466 kms of over Rs. 500 crore in Zambia

• Supply and erection of 765 kV D/C transmission line of 140 kms of around Rs. 330 crores from PGCIL

• Supply and erection of 400 kV Satpura – Ashta DCDS transmission line of around 240 kms of over Rs. 300 crores from company’s 100% SPV to construct transmission line for Madhya Pradesh Transmission Co. Ltd (MPPTCL), Jabalpur, Madhya Pradesh.

The company has signed transmission agreement with MP Power Transmission Company Ltd (MPPTCL) to develop a transmission line BOOT project. The project scope involves designing, financing, construction, commissioning, operate, and maintenance of 240 kms of 400 kV Satpura – Ashta transmission line for the period 25 years with an extension of 10 years on annuity basis.

Commenting on the announcements, Mr Ranjit Singh, Managing Director said: “We continue to hold strong presence in Africa region by winning the latest Zambia project, along with maintaining a good share in PGCIL contracts. The MP TL BOOT project holds strategic importance for the company’s growth plans in terms of improving ROE’s, sustainable growth and right asset allocation. Our judicious approach in taking BOOT projects is evident from the fact that, we have taken second project only after successfully starting operations of first project.”