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Mumbai, Jan. 30 Kalpataru Power Transmission Ltd has reported a growth of 139 per cent in net profit for the quarter ended December 31, 2006. Net profit grew to Rs 38.8 crore from Rs 16.21 crore a year ago.

Net sales registered a growth of 84.86 per cent, to Rs 393.53 crore for quarter, from Rs 212.87 crore.

The Transmission and distribution division as well as the infrastructure business of the company primarily fuelled growth. The infrastructure division primarily undertakes major turnkey projects for laying oil and gas pipelines.

Profit before interest and tax for the transmission and distribution division amounted to Rs 46.33 crore for the quarter, up from Rs 24.46 crore a year ago. PBIT for the infrastructure division grew manifold, to Rs 7.05 crore, from Rs 81 lakh a year ago.

The current order book position of the company stands at Rs 2,000 crore.

Mr Ajay Munot, Executive Director of Kalpataru Power, said that the infrastructure division has shown high growth as profits from the recently completed gas pipeline project for GAIL (India) Ltd are reflected in the results.

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