The stock of Kalpataru Power Transmission rose 6 per cent to a high of Rs 217 on the announcement of a new order for Rs 1,320 crore.

Of this, order worth for Rs 1,247 crore was received from Powergrid Southern Interconnector Transmission System, a wholly owned subsidiary of Power Grid Corporation. The rest was a turnkey transmission project received from Abu Dhabi.

This order accounts for nearly 30 per cent of the company’s fiscal year 2015 revenue of Rs 4,494 crore.

The PGCIL order included turnkey transmission line projects at Vemagiri – Chilakaluripeta and Gadarwara-Warora and a transmission line project for an ultra mega solar park in Andhra Pradesh.

This has also been a year of strong orders for the company; total orders received this fiscal has exceeded Rs 7,450 crore. 55 per cent of the orders are for domestic transmission business, 10 per cent for the domestic infrastructure business and the rest are international orders.

The company has been recording weak growth in the power transmission and distribution segment. Revenue in the nine months ending December 2015 was at Rs 2536.4 crore; a 19 per cent drop compared to the same period last year.

Consolidated revenue for fiscal year ending March 2015 - including JMC Projects (67 per cent stake) and Shree Subham Logistics (73 per cent stake) stood at Rs 7270 crore.

The total consolidated order book exceeded Rs 13,200 crore for the year ending December 2015.

The stock price has reached a peak price of ₹284 in August 2015 before falling to a low of Rs 164 at the end of February 2016.

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