Kalpataru Power Transmission gets LoI Rs 3,276 cr order

AgenciesUpdated: Thursday, March 10, 2022, 12:04 PM IST
article-image
In a statement, the company said the LoI is for a ''prestigious project'' involving design, engineering, supply and construction of a HVDC power transmission line of 700 km./ Representational image |

Kalpataru Power Transmission Limited (KPTL) on Thursday said it has received the letter of intent (LoI) for an order worth Rs 3,276 crore.

In a statement, the company said the LoI is for a ''prestigious project'' involving design, engineering, supply and construction of a HVDC power transmission line of 700 km.

The estimated value of the project stands at Rs 3,276 crore, it said without divulging any further information.

The LoI is subject to fulfilment of certain conditions, the company said.

KPTL Managing Director and CEO Manish Mohnot said, ''We feel privileged to announce the receipt of the LoI. This landmark achievement has been on several counts — intensive efforts...over the past several years..., strong client relationships, and deeper penetration into the focused markets on the back of our strong technical and execution capabilities.'' KPTL is a leading global EPC player in the power and infrastructure contracting sector.

(With PTI inputs)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

COVID-19: Mask becomes mandatory in Delhi, no fine if travelling in personal car

COVID-19: Mask becomes mandatory in Delhi, no fine if travelling in personal car

Mumbai updates: City, suburbs back to no rainfall warning

Mumbai updates: City, suburbs back to no rainfall warning

CBI arrests Mamata Banerjee's aide TMC leader Anubrata Mondal in cattle smuggling scam

CBI arrests Mamata Banerjee's aide TMC leader Anubrata Mondal in cattle smuggling scam

Rahul Gandhi slams Modi's: Stop lowering dignity of PM post by talking about 'black magic'

Rahul Gandhi slams Modi's: Stop lowering dignity of PM post by talking about 'black magic'

Mumbai: Vihar lake overflows after downpour across city in last 48 hours

Mumbai: Vihar lake overflows after downpour across city in last 48 hours