Kalpataru Power Transmission Limited (BSE:522287) is looking for acquisitions. At Kalpataru Power Transmission Limited and JMC Projects Limited Third Quarter Fiscal Year '21 Earnings Conference Call, Manish Mohnot, Managing Director and Chief Executive Officer said, “So on a cash utilization perspective, I think we have said earlier, and I repeat that, our first focus would be to reduce debt, right, and make sure that our net debt comes to negligible levels. Second focus would continue to be incentivizing shareholders. We had this huge dividend and we had the buyback. And if things continue to be good, we should again see something coming up. And third would be to keep on looking at smaller acquisitions in geographies where we want to be long-term. And when I say smaller acquisitions, look at smaller companies who can then grow using KPTL's strengths. So that continues to be on track”.