Total order book at Rs 13,000 crore; to divest all four T&D assets by FY21, says KPTL

Kalpataru Power Transmission Ltd (KPTL) has received fresh orders worth Rs 1,300 crore in the T&D, pipeline and railway electrification segments. The total order inflow of the company has now risen to Rs 13,000 crore in FY21.

Speaking to CNBC-TV18, Manish Mohnot, MD at Kalpataru Power Transmission said that the new orders primarily came from different clients, including railways and oil and gas.

“Out of Rs 1,300 crore, around Rs 800 crore are in the sector of railways, oil and gas. The transmission has got Rs 500 crore, out of which close to Rs 200 crore comes from our subsidiary. With these, our current order book is more than Rs 13,000 crore,” Mohnot said.

For the current year, the company has received more than Rs 4,500 crore and its has been declared as an L1 bidder for projects worth Rs 3,000 crore.

Mohnot said that the company was targeting a slight growth in the current year compared to last year and expected the second half to be better on a QoQ as well as on YoY basis as far as revenue was concerned.

“On EBITDA, we are targeting 10.5-11 percent growth and we are in that range. On an annualised basis we are still targeting growth not only on standalone basis even on a consolidated basis,” he said.

The company has fully divested its two transmission assets. Another one is sold 49 percent to Adani Group and it has received approvals to sell the balance.

“The fourth asset is also commissioned which is the largest of the four assets where we expect enterprise value exceeding Rs 2,000 crore to come in. We expect that money to come in Q4. By the year-end we should be done with the divestment of all our assets as far as the basic equity is concerned,” Mohnot said.