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Kalpataru Power clinches first order in CIS region

EM NEWS BUREAU ,  Saturday, May 07, 2011, 10:27 Hrs  [IST]

Untitled - 15.jpgKalpataru Power Transmission Ltd has secured new orders exceeding Rs.jpg1,350 crore that include its first orders in the CIS region.

The international division of the company has won a turnkey contract from Ukraine's state company NEC Ukrenergo to construct 750kV, 353 km transmission line from Rivnenska nuclear power station to country's capital Kyiv worth around Rs.jpg825 crore. The project is funded by European Bank for reconstruction and development (EBRD) and will be completed in 42 months.

In addition to the above, the division has also won a contract from Millenium Challenge Account - Tanzania (MAC-T) for design, supply and construction of 132kV transmission line of 41 km to connect Zanzibar Interconnector worth Rs.jpg42 crore.

The company has won a turnkey contract from Maharashtra State Electricity Transmission Company Ltd (MSETCL) for construction of 400kV Babhaleshwar to Kudos DCQ 200 km line and 400kV D/C Padge to Tarapur DC line of 4 km worth Rs.jpg457 crore.

The aforementioned orders have taken KPTL's order book position, excluding L1 bids, to over Rs.jpg6,000 crore.

Commenting on the achievement, Manish Mohnot, Executive Director, KPTL, noted, "We have made maiden entry into CIS countries, which is one of the target markets for the company given vast opportunities for power sector. By the addition of these new orders we have clear visibility for next 2 to 2.5 years."
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