Midcap Construction Company Bags Orders Worth Rs 2,261 Crores, Stock Hits 52-Week-High

The shares of Kalpataru Projects International Limited (KPIL) rallied in early trade, hits a new 52-week-high at Rs 650.15 apiece on BSE after the company bags orders worth Rs 2,261 Crores.

"Kalpataru Projects International Limited (KPIL) & its international subsidiaries have secured new orders/notification of awards of ₹ 2,261 Crores," the Board said in an exchange filing.

The details of the aforesaid new orders are as follows:

Orders in the T&D business of ₹ 2,036 Crores in overseas markets

Cross country oil & gas pipeline project in India of ₹ 225 Crores

Manish Mohnot, MD & CEO, KPIL, said, "We are pleased with the consistent order inflows in our T&D business. The new orders in the T&D business have strengthened our order book and improved our market position in the international markets. The Oil & Gas business continues to strengthen its order book with a new order from a very reputed client. These orders will significantly contribute towards our targeted growth going forward."

Stock Movement

Currently, the stock of KPIL is trading at Rs 628.85 apiece, up 4.56% from its previous close, hit stock hit intraday high and low of Rs Rs 650.15 and 618.10 on BSE, respectively. Its 52-week-high is Rs 650.15 apiece and its 52-week-low is Rs 353.35 apiece.

The stock jumped 11.55% in 1 week. It jumped 16.67% in 1 month, 17.55% in 3 months, and 25.64% in 6 months, respectively. It jumped 69.79% in 1 year, 34.08% in 2 years, 154.69% in 3 years, and 67.39% in 5 years, respectively.

About - Kalpataru Projects International Limited (KPIL)

KPIL is one of the largest specialized EPC companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. KPIL is currently executing projects in over 30 countries and has a global footprint in 70 countries. KPIL has maintained a leadership position in all its major businesses backed by strong organisational capabilities, superior technical know-how, and adherence to best-in-class sustainability standards.