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Shares of power distributor and infrastructure developer Kalpataru Power Transmission Ltd rose as much as 4.4 per cent to Rs 276 as the company has received new orders worth over Rs 825 crore ($121.24 million).
The orders include transmission lines and sub-station projects in Africa and CIS (Commonwealth of Independent States, a group of former Soviet republics), two pipeline projects from IndianOil Corp and GAIL (India), and a railway project by the Central Organization for Railway Electrification (CORE).
Kalpataru says it continues to get repeat orders from the Africa region and expects to close the year with a healthy order book.
The stock had risen 40.6 per cent over the last 12 months as of last close ($1 = 68.0450 Indian rupees).
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