Kalpataru Power Transmission Ltd (KPTL) signed a definitive agreement to acquire an 85% equity stake in Swedish EPC firm Linjemontage i Grastorp AB (LMG) for an enterprise value of $24 million. The acquisition expands KPTL's presence in Nordic countries.
Kalpataru Power Transmission Ltd has bagged three orders worth Rs 9,010 million from TANTRANSCO, Central Organisation for Railway Electrification (CORE), and PowerGrid Corp Ltd. The orders include construction of transmission lines, a GIS substation, and railway electrification works.
Kalpataru Power Transmission secured new orders totaling Rs 901 crore, including a turnkey order for construction of 765 kV D/C transmission lines in Tamil Nadu from TANTRANSCO, railway electrification works from CORE, and substation and transmission line orders from PGCIL and SEBs.