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Kalpataru Power received new orders worth Rs.1560 crore

News: Kalpataru Power (KPTL) has secured new orders worth Rs.1560 crore from India, Africa, and South America in the power transmission business.

Views: As on date for FY22E, KPTL has received orders worth around | 3561 crore providing good visibility across all its businesses. New order wins help strengthen its power transmission order book in India & overseas market. Decent order book visibility is expected to support consistent long term growth. Also, strategy to monetise non-core assets and utilise proceeds towards debt reduction to further strengthen its balance sheet.

Impact: Positive