This Midcap Construction Sector Company Bags Order Worth Rs 1,008 Crore

On Friday, June 30, 2023, Kalpataru Projects International Limited (KPIL) (Formerly Kalpataru Power Transmission Limited) in an exchange filing informed the company and its international subsidiaries have secured new orders of Rs 1,008 crore. The company has secured total orders worth Rs 5,122 crore in Q1FY24 on a consolidated basis.

The new orders include the T&D business of Rs 635 crores in India and overseas markets and Civil Works for buildings in India of Rs 373 crores.

KPIL bags ₹ 1,008 Crores worth of new orders

Kalpataru Projects International Limited (Formerly Kalpataru Power Transmission Limited) & its international subsidiaries have secured new orders/ notification of awards of ₹ 1,008 Crores.

The details of the aforesaid new orders are as follows:

• Orders in the T&D business of ₹ 635 Crores in India and overseas markets
• Civil works for buildings in India of ₹ 373 Crores

On a consolidated basis, the company's order inflows stand at ₹ 5,122 Crores in Q1 FY24

Mr. Manish Mohnot, MD & CEO, KPIL, said "We are pleased to see a consistent influx of new orders, particularly for our B&F and international T&D business. The domestic civil business is experiencing continuous growth, and we can see promising growth prospects in the international T&D sector. Alongside these order wins, our strong L1 position of ₹ 5,500+ Crores ensures a solid business outlook, giving us confidence in achieving our target order inflows of ₹ 26,000+ Crores for FY24".

Stock Movement

Meanwhile, On Friday, the shares of KPIL closed 1.63% higher at Rs 537.10 apiece on BSE. It traded its 52-week high on Mar 13, 2023, at Rs 597.15 and 52-week low on Jul 06, 2022, at Rs 345, respectively.

The stock jumped 3.04% in the past 1 week, while jumped 2.75% in the past 1 month. It gave 51.02% positive return in the past 1 year. In 3 years, it gave 148.14% positive return. It gave 34.16% positive return in the past 5 years, In 10 years, it gave 682.37% positive return.

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.