Kalpataru
Power delivers a powerful performance in Q3 FY 2004
- 05 - Net profit up by 147% (over Q3 FY 2003- 04)
Mumbai, January 29, 2005: Kalpataru Power Transmission
Ltd (KPTL), a leading Transmission Line player
has shown a powerful performance by reporting an increase
of 147% in the net profit for the third quarter Q3 of
FY 2004-05 to Rs 8.42 Cr from Rs 3.41 Crores in Q3 of
FY 2003-04.
The
Profit Before Tax (PBT) has increased by more than 184%
to Rs 12.54 Crores as compared to Rs 4.41 Crores as
of the previous FY. The turnover for the quarter has
increased by 59% to Rs 161 Crores from Rs 101 Crores
for the corresponding quarter of previous year.
During
the first 9 months of the current FY, KPTL has achieved
spectacular performance by achieving a sales turnover
of Rs 385 Crores (up as against Rs 362 Crores for the
full previous year). The PBT is Rs 24.66 Crores for
the first 9 months against Rs 18.34 Crores in the full
previous year and PAT is Rs 16.58 Crores against Rs
14.12 Crores for full previous year.
Major Achievements of the company:
-
Completed
4 prestigious Power Grid projects involving approx
900 Km of 400 KV D/C Transmission Lines through
Rihand-Allahabad-Kanpur-Mainpuri-Ballabhgarh ahead
of original schedule. Work included over 76,000
M3 of concreting, 34,000MT’s of supply and
erection, river crossing, pile foundations etc.
-
After
successful completion of its earlier turnkey 380
KV / 400 KV jobs in Turkey and Algeria, it has completed
overseas turnkey project of 330 KV S/C Transmission
Line project for ZESCO, Zambia within record period
of 9 months, ahead of contractual schedule. The
company is pre-qualified and bidding in multiple
overseas markets, including for Gulf Grid Project.
-
The
company has been recently awarded USD 21 Mn (Rs
93 Crores) turnkey EPC contract for 132 Kv D/C Transmission
Line project by KAHRAMAA, Qatar to be completed
in period of 20 months.
-
Total
Order booking (including expected jobs wherein favorably
placed) in excess of Rs 1000 Crores, a record high
for the company.
Acquisition of Controlling Stake in JMC Projects
( India) Ltd:
The
company has acquired 68,442 (1.47%) Equity Shares of
JMC Projects (India) Ltd (JMC) under Public Offer dated
9th November 2004. It is in the process of completing
the purchase formalities of promoter's stake upto 18,
81,906 (40.50%) Equity Shares of JMC as per MOU dated
1st October 2004 and SPA dated 14th October 2004.
JMC
Projects is a Civil Contracting company with revenues
in excess of Rs 200 Crores, with a leadership position
in construction of Factories, Industrial Structures,
Commercial / Residential Complexes, Software Parks,
Roads/Expressways, Bridges, Metro Stations etc.
Capex
plans for year 2005
Capex
Plans, which were approved by the Board of Directors
include
-
To cater to our growing export
requirements, another Tower Fabrication plant at
Gandhi Nagar with a capacity of 18,000 MT’s
p.a. to be commissioned by May 2005 at an approx
cost of Rs 10 Crores. Overall capacity to reach
72,000 MT’s p.a. – one of the largest
in the World!
- Division set up for construction of cross-country
Oil & Gas Pipelines .A Gas Terminal Station
under implementation for GSPL. Investment in Equipments
of upto Rs 30 Crores is underway.
- Another Biomass based Power Plant of 7 MW (net)
is planned in Tonk district, Rajasthan for commissioning
by March 2006 at a cost of Rs 30 Crores.
Change
in the Board of Directors
The
Board appreciated the outstanding service & contribution
of Mr B.D. Bhagtani (Executive Director - Marketing)
who retired from the company. Mr. Imtiaz Kanga was elected
to the Board of Directors. |
