Kalpataru Projects International Limited bags new orders of Rs. 2333 crores

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 ₹ 2,333 Crores.

The details of the aforesaid new orders are as follows:

- Orders in the Transmission & Distribution (T&D) business in India and overseas markets

- EPC Order for an industrial plant in the metal industry

- Residential building order in India

Manish Mohnot, MD & CEO, KPIL, said, "We are happy with the new order wins in our T&D business, including our largest order in Sweden secured through subsidiary, LMG. The orders in T&D business have enhanced our order book, thereby improving the growth visibility for the T&D business going forward. Our B&F business has further strengthen its capabilities by securing an EPC order in the metal industry from a prestigious client in India. These orders reaffirm our confidence that the T&D and B&F business will continue to contribute significantly to our growth going forward."

Shares of Kalpataru Projects International Limited was last trading in BSE at Rs. 1183.50 as compared to the previous close of Rs. 1173.15. The total number of shares traded during the day was 43781 in over 3544 trades.

The stock hit an intraday high of Rs. 1213.30 and intraday low of 1160.05. The net turnover during the day was Rs. 52108664.00.

Source : Equity Bulls

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