Mumbai, October, 2009

Q2FY10 Net profit up by 68 % to Rs 37 crores
Revenue up by 28% to Rs 553 crores

Kalpataru Power Transmission Ltd., a leading global EPC player in power T&D sector has reported a hike of 63% in PBT, amounting to Rs. 49 crores for the second quarter ended September 2009. The revenue for the quarter has increased by 28% to Rs. 553 crores and PAT has increased by 68% to Rs 37 crores, as compared to the same quarter in the previous year.

For the half year ending September 09, the company reported an increase of 15% in revenue to Rs. 1040 crores, along with an 30% increase in PBT at Rs 92 crores and a 33% increase in PAT at Rs 69 crores(as compared to the half yearly results of the previous year)

KPTL’s order book is at Rs. 5500 crores (excluding L1 orders), comprising overseas order book in the range of Rs. 1800 crores.

JMC Projects (India) Ltd., a company subsidiary reported PBT of Rs 8.91 crores, with revenue of Rs. 313 crores in the current quarter. For the half year JMC reported PBT of Rs. 17.96 crores on revenue of Rs. 605 crores. JMC’s order book is at Rs. 2500 crores as on 30th Sept 2009.

Commenting on the results, Mr. Manish Mohnot, Executive Director, Kalpataru Power Transmission Limited said, “Our performance has continued to improve on a sequential basis, and we are on track to achieve a growth of 25% in the current financial year. Our increased order book also provides a reasonable estimate of similar growth in the next few years”.

Mumbai, September, 2009

Kalpataru Power Transmission bags orders worth Rs 1,400 crore

KPTL bags orders from MSETCL and NETCL

Kalpataru Power Transmission Ltd (KPTL) has recently secured orders worth Rs. 1,400 Crores (approx) from Maharashtra State Electricity Transmission Co. Ltd (MSETCL) and North East Transmission Co. Ltd (JV of PGCIL, ONGC, ILFS and NER states) for transmission and substation projects.

Maharashtra State Electricity Transmission Co. Ltd (MSETCL) order is for turnkey execution of 220 and 132 KV transmission lines and substation end bays under Strategic Alliance EPC Model, to be executed over a period of next 3 years. The scope of work includes execution of approx 2500 KM transmission lines and 137 substation end bays, spread over various zones of Maharashtra State.

North East Transmission Co. Ltd contract covers turnkey execution of 158 KM of 400 KV D/C Churaibari – Silcher – Khelerihat line in the state of Meghalaya and Assam to be executed in 28 months period.

KPTL’s order book has exceeded Rs 6000 crores (more then 1.2 billion USD) which has to be executed over the next two to three years. Commenting on the order Mr Manish Mohnot (Executive Director) mentioned “We are proud to be associated with MSETCL for the strategic alliance project. Our current order book is very healthy in terms of profitability and a right mix of domestic and overseas projects.”

Mumbai, July, 2009

Q1FY10 Net profit up by 10.6 % to Rs 32 cr and Revenue up by 2.5% to Rs. 485 cr

Kalpataru Power Transmission Ltd, a leading global EPC player in power T&D sector has reported a hike of 10% in PAT, amounting to Rs. 32 crore for the first quarter ended June 2009.

Revenue for the quarter has increased by 2.5% to Rs. 485 crore as compared to the same quarter in the previous year. The Company’s margins at PAT levels, have improved by 160 basis points to 6.6% as compared to 5% in the previous twelve months.

The Company’s order book is at Rs.4,800 crore, comprising overseas order book in the range of Rs. 2,000 crores. The Company has order of approx. Rs.1,500 crores where intent of award is received from the client, and LOA is expected soon. The overseas order book is in the range of Rs. 2,000 crores (40% of the order book).

JMC Projects (India) Ltd., a company subsidiary posted a total income of Rs 292 crore for the quarter ended June 30, 2009 as against Rs.315 crore in the corresponding period last fiscal. JMC has order book in excess of Rs. 2,200 crores.

Commenting on the results, Mr. Manish Mohnot, Executive Director, Kalpataru Power Transmission Limited said, “The growth has been the result of continued focus on the emerging infrastructure sector. With the Government’s renewed thrust on infrastructure and our strong order book, we plan to achieve a growth in the range of 25–30 % in the current financial year”.

Mumbai, March, 2009

Kalpataru Power Transmission Ltd. bags Rs 400 cr worth orders from Algeria

Kalpataru Power Transmission Ltd., a global player in the power transmission EPC business, has bagged three projects worth Rs.400 crore (USD million 81) from Sonelgaz, the state electricity company of Algeria.

The orders relate to turnkey projects of extra high voltage transmission lines of approximately 500 km. length for voltages ranging up to 400 kV

The scope of work for these three projects involves EPC (engineering, procurement and construction) including supply of towers, other line material and construction of the transmission lines. The order is to be completed within 8 to 15 months.

KPTL has already successfully completed six similar transmission line projects worth Rs. 500 crore in Algeria in the recent past.

Mr Manish Mohnot, Executive Director KPTL commented, “Our order book has crossed 1 billion dollar (Rs 5000 crores) out of which overseas projects exceeds Rs 2200 crores, which is a significant achievement for the group.”

KPTL has had a strong footprints in overseas markets where it has established itself as turnkey player in Power transmission and have already exported towers to Philippines, Malaysia, Vietnam, Indonesia, Thailand, Bangladesh, Syria, Turkey, UAE, Iraq, Qatar; Algeria, Ethiopia, Zambia, Nigeria, Kenya, Monaco, Egypt, Sudan, Zimbabwe, Namibia, South Africa, Mexico, Peru and USA from their Gandhinagar (India) plant.

Mumbai, March, 2009

Kalpataru Power Transmission Ltd. bags orders worth Rs 399 crore from Power Grid

Kalpataru Power Transmission Ltd (KPTL), a leading player in the power transmission EPC business, has bagged three orders worth Rs 399 crore from Power Grid Corporation of India Limited (PGCIL) for 765 kv and 400 kv transmission line projects.

The orders are for supply and construction of transmission lines in Bihar, Chhatisgarh and Assam. The delivery schedule of these projects range between 18 to 24 months.

The order book of Kalpataru Power is now in excess of Rs. 5,000 crores.

Mumbai, March, 2009

Kalpataru Power Transmission Ltd. bags Rs 385 crore pipeline order, company to lay 550 Kms of pipeline for HPCL-MUtal Energy JV

Kalpataru Power Transmission Ltd, has been awarded a prestigious contract at an estimated value of Rs. 385 Crores for laying of approx. 550 KMs of 28"/30"/48" pipeline as Part A of Mundra-Bhathinda Pipeline Project for transportation of crude oil from Mundra to Guru Govind Singh Refinery at Bhatinda.

This project is being set up by Hindustan Mittal Energy Limited (HMEL), a joint venture of Hindustan Petroleum Corporation Ltd. and L.N. Mittal Group. The contract has been awarded to KPTL keeping in view their highly reliable and quality conscience performance in the past.

Part A of the Mundra-Bhatinda Pipeline Project also has in its scope One pumping cum Intermediate Pigging (IP) Station at Dhansa. two IP stations, 17 SV stations and one Dispatch station at Kot which involves all Civil, Electrical, Piping. Mechanical and Instrumentation work. The pipeline scope starts at Kot near Mundra in Gujarat and ends at Jhanwar (approx. 30 Km. south of Jodhpur) in Rajasthan.

The project has to be executed in three spreads and is to be completed in 18 months from the date of award.

Mumbai, March, 2009

Kalpataru Power Transmission Ltd. bags orders worth Rs 373 crore from Power Grid. Kalpataru to supply & erect Towers for Sasan UMPP

Kalpataru Power Transmission Ltd, has bagged orders worth Rs 373 crore from Power Grid Corporation of India Limited (PGCIL) for supplying power transmission equipment.

Kalpataru Power Transmission Ltd (KPTL) would be supplying and erecting transmission towers for 413 Kms and would also provide 765 KV S/C transmission lines associated with Sasan Ultra Mega Power Project for Silwar-Satna and Satna-Bina section.

The work on the orders secured from PGCIL will commence from March 2009 and the project is scheduled to be completed within 27 months.

In order to cater to the growing demand from the sector, KPTL has enhanced its installed manufacturing capacity from 54,000 MT p.a. in 2001 to 84,000 MT in 2005 and then to 108,000 MT p.a. in 2008. KPTL’s new capacity has been operational from September 2008 onwards.

KPTL is a major player in the domestic market as well and is executing major orders for Power Grid Corporation of India. With Power Grid’s expenditure plans of Rs 55,000 crore on T&D during the 11th plan, the company is confident of further consolidating its position in the domestic market.

Mumbai, January, 2009

Kalpataru Power Transmission Ltd. bags the largest power transmission order of over $ US 250 million from MEW, Kuwait

Kalpataru Power Transmission Ltd, a leading EPC player in power transmission and distribution, has secured a transmission order worth 250 million USD from the Ministry of Energy and Water, Kuwait

The prestigious order by far the largest for an Indian transmission company relates to a 172 Km—400 KV double circuit overhead transmission line. The order has to be completed in 24 months and involves procurement of materials like conductors, insulators etc which are required for completing the turnkey project, besides 25000 MT of galvanized steel towers from the company’s facility in Gandhinagar, Gujarat.

The scope of work on the project involves EPC including survey, design & testing, manufacturing of towers, survey of lines, erection, stringing, testing and commissioning.

KPTL bagged the project after an elaborate qualification and short listing process by the client and against intense competition from leading Indian, Saudi Arabian and South Korean firms.

Mr. Mofatraj. P. Munot, Chairman, Kalpataru Group, “The Kuwait project is a result of our 8 years long effort to test our competency in EPC projects on a global level. This project will help us in taking the organization to a different level on the international operations front”.

Commenting on the latest order, Mr Manish Mohnot, Executive Director, KPTL said “this is a major contract for an Indian company and is a clear reflection of the company’s capability to execute large orders on schedule and in a very competitive environment”.

With this order in kitty, KPTL’s current order book including L1 orders is approximately Rs 4700 crores (925 million USD), out of which 42% of the order is from overseas projects. The current order book for the company includes projects with an average delivery period of approximately 18 to 24 months.

“A substantial portion of the current overseas order book has been bid in the last two quarters, which will provide the company opportunity for improving margin on account of the global reduction in commodity prices” Mr. Mohnot added

The company has a well defined risk management policy for hedging exposures on fixed price contracts, on zinc, aluminum and foreign currency.

Kalpataru has successfully completed projects involving supply of towers / EPC projects in 28 countries till date. The company is currently executing EPC turnkey projects worth USD 350 million in various overseas countries. KPTL’s ongoing EPC projects are in various countries including Algeria, Djibouti, Abu Dhabi, Kuwait, Ethiopia, Nepal and South Africa.

The company has supplied more then eighty thousand tons of towers across the globe in the last eight years. It continues to supply towers to various developed countries including Canada, USA and Australia.

In order to cater to the growing demand from the sector, KPTL has enhanced its installed manufacturing capacity from 54,000 MT p.a. in 2001 to 84,000 MT in 2005 and then to 108,000 MT p.a. in 2008. KPTL’s new capacity has been operational from September 2008 onwards. It has also enhanced the company’s working capital availability from various banks. The average utilization levels in terms of manufacturing capacity has been in excess of 95% over the previous five years which gives KPTL the confidence of managing large scale delivery on our turnkey projects. The company has also identified reliable outsourcing partners to meet demand peaks.

KPTL’s current order book has a right mix of projects in terms of fixed / variable price, supply / EPC contracts across various countries. The focus on export projects and the company’s export oriented unit for manufacturing of towers provides the company with additional tax incentives, increasing return to shareholders.

KPTL is a major player in the domestic market as well and is executing major orders for Power Grid Corporation of India. With Power Grid’s expenditure plans of Rs 55,000 crore on T&D during the 11th plan, the company is confident of further consolidating its position in the domestic market.

KPTL’s vision is to be a large infrastructure company with diversification in areas beyond transmission and distribution. The company’s current order book provides it visibility for the next two years with growth of approximately 30% per annum. KPTL’s foray into Oil & Gas pipelines and Railways are part of its future growth plans.