KPTL receives LOI for Rs 3,276 cr power T&D contract

Mumbai, March 10 : Leading EPC player in the power and and infrastructure contracting sector Kalpataru Power Transmission (KPTL), on Thursday said it has received a Letter of Intent (LoI) for power transmission and distribution project worth Rs 3276 crore in international market. “The LoI is for a prestigious project involving design, engineering, supply and construction of HVDC power transmission line of 700 kms. The estimated value of the project stands at Rs 3,276 crore or USD 431 million,” the company said in a statement. The LoI is subject to fulfilment of certain conditions. The project will start immediately with design and engineering activities in phase 1. Commenting on the development, Manish Mohnot, Managing Director & CEO, KPTL said, “This landmark achievement has been on several counts – intensive efforts that we have been putting in over last several years on large size projects for long-term value creation, developing strong client relationships and penetrate deeper into the focused markets on back of our strong technical and execution capabilities.” He further said that this is also a hugely rewarding experience as we were working along with the same clients for past few years and is a testament for our quality solutions and expertise in power T&D business. “We look forward to many such opport ties in future,” Mohnot added. PSK ACL1009

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