Kalpataru Power has bagged new projects worth around Rs 1,550 crore. The order win is from India and Latin America in the power transmission business.

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Manish Mohnot, MD & CEO of Kalpataru Power said, "Today we have L1 around Rs 1,500 crore so my own assessment is reaching Rs 9,000 crore should not be a challenge. We already did Rs 8,000 crore and getting further Rs 1,000 crore in the next 3-4 weeks will not be a challenge. So, we should be at Rs 9,000 crore for sure.”

Mohnot said, “All these orders have come in the transmission line sector, out of the Rs 1,500 crore around Rs 1,100 crore is from the transmission domestic, orders around Rs 400 crore is from overseas. Average margins in all our orders continue to be in the range of 9-11 percent, it is different for different projects. We expect that majority of these orders should get converted to revenues in the next year."

On monetisation of assets and sale on Shubham Logistics, Mohnot said, "On the monetisation front on our Indore project, out of five towers we have got OC for four towers. We expect to monetise the entire asset in 21-22. We have closer to Rs 300 crore plus which are blocked on this assets as of now.”

"As far as Shubham Logistics is concerned, we have already appointed advisor, we have got active interest by 4-5 prospective buyers. We expect by end of Q1 or Q2 to have complete clarity on that in terms of whether we get strategic investors or we look at exiting full."

For full management commentary, watch the video.

(Edited by : Priyanka Rathi)

First Published:Mar 4, 2021 3:18 PM IST