Press Releases

Mumbai, 10 December, 2010:

Kalpataru Power Transmission Ltd (KPTL) wins 3 prestigious orders worth Rs 600 Crore in India and Congo

Kalpataru Power Transmission Ltd, has secured one order  for turnkey execution of 400 KV transmission line from Democratic Republic of Congo and two orders from Power Grid Corporation of India Ltd. for construction of 765  KV transmission line in Orissa and Madhya Pradesh

With  the receipt of  these orders, the total order book of KPTL is  ` 5300 crore.

The order from Societe National d'Electricite (SNEL), of Democratic Republic of Congo is for Design, Supply & Installation of 400 KV - 279 Kms DC  transmission line from Inga to Kinshasa on turnkey basis. The project is to be completed in 24 months and  is funded by European Investment Bank.

KPTL has also secured 2 orders from Power Grid Corporation of India Ltd for supply and erection  and commissioning of 765 KV-238 Kms transmission lines in the State Orissa and M.P.

The Company will require to manufacture and supply over 33000 Mts of Transmission Towers for these 3 projects.

PGCIL is India’s central power transmission utility, and is presently implementing an ambitious program of grid expansion and modernization aimed at integrating an additional 37,000 MW (megawatts) of power to facilitate inter-regional transmission of electricity across the country. Société nationale d'électricité (SNEL) is the national electricity company of the Democratic Republic of the Congo  Enganged in Power generation, transmission and distribution.

Commenting on these orders Mr Pankaj Sachdeva ( Managing Director) said “  KPTL, with its world class tower design, testing  & manufacturing facilities and  project management capabilities  is successful in securing prestigious projects in domestic as well as overseas market consistently . Our underline objective of “on time and quality delivery of projects” has helped us to  remain as dependable and preferred partners to our clients .These projects are with price escalation clause , which will cover any fluctuations in inpur material prices ”.

About Kalpataru Power Transmission Limited (KPTL): 

KPTL is a turnkey player a leading global player in power , infrastructure and asset creation , having their presence all over India and more than 30 countries globally.

KPTL is the Kalpataru group’s listed entity and continues to look for development projects in various infrastructure sectors. The company is currently executing / supplying to several customers in Africa, the Middle East, Far East, Australia, USA & Canada.
 

Mumbai, 22 November, 2010:
Successful Financial Closure of 1st Transmission DBFOT

Project of  SPV – Jhajjar KT Transco Pvt. Ltd.

A   SPV of Kalpataru Power Transmission Ltd. and Techno Electric and Engg. Co. Ltd. – Jhajjar KT Transco Pvt. Ltd. has successfully  achieved  Financial Closure of 1st DBFOT Project (VGF basis) of 400 KV, 100 Km. Power Transmission line from Jharli to Bawana Project from Haryana Vidyut Prasaran Nigam Ltd.(HVPNL). 

The SPV has secured term debt of Rs.276 crores from consortium of lenders.

The project has to be completed over a period of 14 months from the date of financial closure. The SPV has also obtained transmission licence from Haryana Electricity Regulatory Commission (HERC ) to construct and operate this line for initial concession period of 25 years with options of extension for another 10 years. 

The SPV will receive terminal value equivalent to 20 months revenue i.e. approx. Rs. 100 crores at the end of 25th year of concession period in case the concession period does not get extended to 35 years.

Mumbai, 30th October, 2010:
Q2FY11 Net profit up by 12 % to `  41 crores
Revenue up by 14% to Rs. 631 crores

Kalpataru Power Transmission Ltd., a leading global EPC player in power T&D sector has reported a hike of 17% in PBT, amounting to Rs. 57 crores for the second quarter ended September 2010. The revenue for the quarter has increased by 14% to Rs.631 crores and PAT has increased by 12% to Rs.41crores, as compared to the same quarter in the previous year.

For the half year ending September 2010, the company reported an increase of 12% in revenue to Rs.1169 crores, with rise in PBT by 17% to Rs 107 crores and a 13% increase in PAT at Rs.78 crores as compared to corresponding six months of previous year.

KPTL’s order book is in excess of Rs.5000 crores (excluding L1 orders).

JMC Projects (India) Ltd., a KPTL subsidiary reported PBT of Rs 7.41 crores, with revenue of Rs. 268 crores in the current quarter. For the half year JMC reported PBT of Rs.15.38 crores on revenue of Rs.530 crores. JMC’s order book is in excess of Rs.4250 crores as on the day.

Commenting on the results, Mr. Pankaj Sachdeva, Managing Director, Kalpataru Power Transmission Limited said, “Our performance has continued to improve on a sequential basis to achieve our desired growth. We have won orders in excess of Rs. 900 crores in the last 3 months and have bid for tenders in exceeding Rs. 4000 crores for which results are yet awaited”.

Mumbai, 13 September, 2010:

Kalpataru Power Transmission Ltd bags Projects worth Rs 550+ crores

Kalpataru Power Transmission Ltd, a leading global EPC player in power T&D sector has secured three orders worth over Rs. 550 crores from Kenya Electricity Transmission Company Limited (KETRACO) and Parbati Koldam Transmission Company Ltd.

KPTL has signed two contracts with KETRACO, Kenya for the turnkey construction of 400 kV DC of 164 Km and 220 kV D/C- 30Km and 400kV DC -231 Km + 220 kV D/C- 52Km. The combined value of both the projects is to the tune of Rs 453+ crores. The completion period for both the projects is 27 months. These projects are funded by AFD and EIB.

KETRACO, owned by the Kenyan Government, designs, construct, operate and maintain new high voltage electricity transmission lines which will form the backbone of the National Electricity Grid.

The company has also received another order from Parbati Koldam Transmission Company Ltd, a JV of Power Grid Corporation and Reliance ADAG for supply & erection of 400 KV D/C (Triple Bundle) Koldam-Ludhiana Transmission Line [Package-C] [75.4 KM & 6578 MT].  The total value of order is worth Rs. 100 Crore.

With this order, the KPTL’s order book is in excess of Rs 5,200  crores.

Commenting on the order Mr Manish Mohnot (Executive Director) said “We are proud to be associated with KETRACO on the first 400 KV line in the country which will provide much needed infrastructure to make Kenya self-reliant in addressing its energy needs. Our current order book is very healthy in terms of profitability and a judicious mix of domestic and overseas projects. The projects won by the Company only manifest its capability to deliver not only in India but abroad on its strong execution abilities and bandwidth of skilled manpower”.
 

Mumbai, 30 July, 2010:

Q1FY11 Revenue up by 10.4% to Rs. 538 crore
Net profit up by 14.9 % to Rs 37 crore

Kalpataru Power Transmission Ltd (KPTL), a leading global EPC player in power T&D sector, has reported a growth of 10.4% in the revenue for the first quarter ended June 2010 to Rs. 538 crore as compared to Rs.487 crore in the same quarter in the previous year. Net profit for the quarter has grown by 14.9% to Rs. 37 crore as against Rs.32 crore in the same quarter in the previous year.

Company’s order book presents orders in excess of Rs. 4,800 crore excluding L1 bids. During the quarter the Company bagged order worth Rs. 272 crore in the pipeline division in Assam for Oil India Ltd.

The Company’s Board has approved sub division of equity share from face value of Rs.10 each to face value of Rs. 2 each subject to approval by shareholders.

JMC Projects (India) Ltd (JMC), company’s subsidiary present in civil contracting, reported a total income of Rs 260 crore for the quarter ended June 2010 as against Rs. 288 crore in the corresponding period last fiscal. JMC reported net profit of Rs 5.41crore as against Rs. 6.49 crore in the corresponding quarter of the previous year.

Post 31st March 2010, JMC secured projects in excess of Rs. 1,200 crore with few large sized orders namely Bangalore Metro Rail Corporation Ltd. (BMRC) Phase II – Rs. 212 crore, All India Institute of Medical Sciences - Bhopal – Rs. 254 crore and All India Institute of Medical Sciences -Rishikesh – Rs. 251 crore. Order book of JMC as on today is in excess of Rs. 3,800 crore

Consolidated order book of KPTL and JMC together as on today, stand in excess of Rs.8600 crore.

Commenting on the results, Mr. Manish Mohnot, Executive Director, Kalpataru Power Transmission Limited & JMC said, “Our focus on profitability is visible in our Q-I results with 15% rise in PAT for KPTL. Our consolidated order book gives us a visibility of 20% growth in FY11 with improved margins. We continue our thrust on overseas operations and are currently well placed in few large value orders from international markets. We will continue to explore BOOT opportunities in sectors where we have EPC expertise.”

Mumbai, 29 May, 2010:

Q4FY10 Net profit up by 147.73 % to Rs 57.4 cr Revenue up by 50.14 % to Rs. 838.33 cr Board recommends dividend of Rs 7.50 per share

Kalpataru Power Transmission Ltd, a leading global EPC player in power T&D sector has reported a robust hike of 147.73  % in PAT, amounting to Rs. 57.40 crore for the quarter ended March 2010 as against Rs 23.17 crore in the corresponding period of previous fiscal.  

 Revenue for the quarter has increased by 50.14 % to Rs. 838.33 crore as compared to Rs 558.33 crore in the corresponding period last year.

The Board of Directors at its meeting held here took on record annual financial results for the fourth quarter and full year ended March 31, 2010. The Board of Directors has recommended a dividend of Rs 7.50 per equity share of Rs 10 each on increased capita base of 30692114 equity shares after QIP issue.

Kalpataru Power Transmission Ltd’s net profit for the year ended March 31, 2010 stood at Rs 170.46 crore, up by 80.55 % from Rs 94.41 crore in the last financial year.

The Revenue for the year ended on March 31, 2010 rose by 37.80 % to Rs 2597.37 crore as against Rs 1884.81 crore last year. 

Earnings per share (EPS)—Basic & diluted is at Rs 64.32 as against Rs 35.63.

The consolidated Revenue of the company rose by 23 % to Rs 4008.88 crore for the year ended March 31, 2010 as against Rs 3259.00 crore in the previous fiscal.

The consolidated PAT for the year ended March 31, 2010 was Rs 195.57 crore, up by 52.46 % as against Rs 128.27 crore in the previous financial year.

Consolidated Earnings per share (EPS)-Basic & Diluted is at Rs 67.05 as against Rs 41.87.

Commenting on the results, Mr. Manish Mohnot, Executive Director, Kalpataru Power Transmission Limited said, ““KPTL posted a healthy growth on the back of company’s impressive order book and excellent execution capability. The outlook for the current financial year is positive with renewed emphasis on BOOT orders and government’s thrust on speeding up of UMPPs and power generation plans of various SEBs”.

Major Achievements of the Company:

Ø      Standalone Revenue crossed Rs. 25 billion

Ø      Consolidated Revenue stood at above Rs. 40 billion

Ø      International revenues above Rs. 10 billion

Ø      Order backlog is above Rs 50 Billion excluding L1 bids.

Ø      Received 1st IPTC BOOT Project from HVPNL in consortium with Techno.

Ø      Adding tower manufacturing capacity of 30000 MT at Raipur to make total production capacity to 138000 MT

JMC Projects (India) Limited

JMC Projects, held 53.01% by KPTL, has reported a revenue of Rs. 13.20 Billion for the year 09-10 as against R.s 13.18 Billion in the previous year. PBT stood at Rs. 532 Million as against Rs. 519 Million in the previous year.

Revenue for the 4th quarter stood at Rs. 3.76 Billion as against Rs. 3.64 Billion in the same period of previous year. PBT for the quarter increased by 14% to Rs. 227 Million as against Rs. 199 Million of corresponding period of previous year.

JMC order book at Rs.  31 Billion.

JMC also secured its 1st Road BOOT project from NHAI in consortium with SREI Infra.

Consolidated Order Book of Company stood at above Rs. 81 Billion.