Kalpataru Projects International Ltd receives new orders of Rs. 2995 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 ₹ 2,995 Crores.

The details of the aforesaid new orders are as follows:

- Orders in the Transmission & Distribution (T&D) business in overseas markets
- EPC Order in the Water business in JV
- B&F orders in India

Manish Mohnot, MD & CEO, KPIL, said, "We are delighted with the new order wins in our T&D, B&F and Water business. The continuous inflow of orders in the T&D business reaffirms our confidence that T&D EPC business will contribute significantly to KPIL's growth. The orders in the B&F and Water business have further strengthened our order book, thereby improving the growth visibility for these businesses.

With the above order wins, our order intake till date in the current financial year stands at ₹ 6,178 Crores. Our robust and well diversified order book gives us confidence to achieve the targeted growth going forward."

Shares of Kalpataru Projects International Limited was last trading in BSE at Rs. 1346.15 as compared to the previous close of Rs. 1303.40. The total number of shares traded during the day was 47896 in over 3995 trades.

The stock hit an intraday high of Rs. 1384.65 and intraday low of 1291.70. The net turnover during the day was Rs. 64156887.00.

Source : Equity Bulls

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KalpataruProjectsInternational INE220B01022 OrderWin