*Kalpataru Power Transmission Ltd* is raising upto $125 Mn through QIP to finance the future growth plans of the company. The company has not revealed its growth plans.
Kalpataru Power has recently secured two orders worth Rs 250+ crores from Algeria and Tamil Nadu Electricity Board. It has signed a contract with Sonelgaz, Algeria for construction of 220 KV transmission lines of 100 Kms and 60 kV lines of 120 Kms. The value of the project is about Rs 100 Cr and it is to be executed in 15 months. It has also received orders worth Rs 154.25 Cr from Tamil Nadu Electricity Board and the project involves design, type testing of towers, supply, erection, stringing and testing. According to the company’s website, Kalpataru has total outstanding orders worth Rs 55 Bn, executable over a period of 2-3 years, which is 2.92 times the sales in 2009. Kalpataru Power is the flagship company of the diversified *Kalpataru Group*, which has presence in real estate, civil contracting, international trading and consumer goods & services. Kalpataru Group owns 63% equity in Kalpataru Power. Kalpataru Power is engaged in design, testing, fabrication, erection and construction of transmission lines and substation structures on a turnkey basis across India and Overseas. It has two fabrication plants with an annual installed capacity of 108,000 Mn tons. It has completed over 8,000+ kms of turnkey projects in India for various clients including Power Grid Corporation of India and various State Electricity Boards (SEBs) of Gujarat, Karnataka, Maharashtra, Rajasthan, AP, Rajasthan, Orissa, Tamil Nadu and MP Kalpataru posted a PAT of Rs 44.07 Cr on revenues of Rs 719.23 Cr for the quarter ended Dec’31, 09. It has a debt of Rs 654 Cr for the last fiscal. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
