KPTL receives LoI for Rs 3,276-cr order

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KPTL receives LoI for Rs 3,276-cr order
10 Mar 2022
5 min read

News Synopsis

On Thursday, Kalpataru Power Transmission Limited (KPTL) informed that it has received a Letter of Intention (LoI) for an order of Rs. 3,276 crore. KTPL is one of the major EPC players in the power and infrastructure contracting sector in the world  In the statement released by them, KPTL said this project involves designing, engineering, and constructing a power line of 700 km. KPTL Managing Director and CEO Manish Mohnot in his statement 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." Kalpataru Power Transmission Limited (KPTL) without revealing any details said that the project is worth Rs 3,276 crore. However,  Kalpataru Power Transmission Limited (KPTL) said the Letter of Intention is subjected to certain conditions.

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