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Stock Report
Kalpataru Projects International Ltd receives orders of Rs. 3244 crores
Posted On : 2023-12-29 09:29:33( TIMEZONE : IST )
Kalpataru Projects International Limited (KPIL), one of the largest Engineering & Construction companies listed in India, along with its Joint Ventures (JVs) and international subsidiaries have secured new orders/notification of awards of ₹ 3,244 Crores.
The details of the aforesaid new orders are as follows:
- Orders in the Buildings & Factories (B&F) business including KPIL's largest ever design & build contract for construction of a large-size residential buildings project in South India with a buildup area of approx. 13 million square feet from a reputed developer
- Order for design & construction of an underground metro rail project, signifying KPIL's foray into electric mobility business with TBM tunnelling scope
- Orders in the Transmission & Distribution (T&D) business from overseas markets
Manish Mohnot, MD & CEO, KPIL, said, "We are delighted to announce strategic order wins across diverse businesses. Our foray into underground metro rail tunnelling project reaffirms our commitment to sustainable urban infrastructure development. Our largest ever order win in our B&F business, on design & build basis, from a reputed developer for a large residential buildings project in South India further fortifies our position as a leading player in this space. The nature of these large order wins, involving engineering scope, reflect on our growing capabilities across diversified portfolio of business."
Mr. Mohnot added, "Our YTD FY24 order inflows now stand at approximately ₹17,685 crores, providing a robust foundation for sustained future growth."
Shares of Kalpataru Projects International Limited was last trading in BSE at Rs. 658.70 as compared to the previous close of Rs. 648.60. The total number of shares traded during the day was 4350 in over 385 trades.
The stock hit an intraday high of Rs. 664.45 and intraday low of 649.90. The net turnover during the day was Rs. 2854646.00.
