Kalpataru Projects International Ltd receives orders of Rs. 2263 crores

Kalpataru Projects International Limited (KPIL) & its international subsidiaries have secured new orders/notification of awards of ₹ 2,263 Crores. The details of the aforesaid new orders are as follows:

- Orders in the T&D business of ₹ 1,564 Crores in India and overseas markets
- Order in Water business of ₹ 458 Crores
- Orders in B&F business of ₹ 241 Crores

Manish Mohnot, MD & CEO, KPIL, said, "We are delighted with the new order wins, particularly in our T&D business. The T&D business continues to witness strong traction in terms of both order inflows and tender pipeline. We expect the T&D business to be significant growth driver for KPIL in coming years. Additionally, these T&D orders have strengthen our order book in India, Latin America, Africa and Sweden. We continue to focus on strategic orders wins within our B&F and Water business with a focus to improve our market presence and deliver sustainable growth in these businesses. Our YTD FY24 order inflows stands at ~ ₹14,441 Crores, providing improved visibility for future growth."

Shares of Kalpataru Projects International Limited was last trading in BSE at Rs. 668.85 as compared to the previous close of Rs. 661.75. The total number of shares traded during the day was 9530 in over 704 trades.

The stock hit an intraday high of Rs. 676.10 and intraday low of 661.10. The net turnover during the day was Rs. 6369821.00.

Source : Equity Bulls

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