Kalpataru Projects International Ltd awarded new orders of Rs. 2366 crores

Kalpataru Projects International Limited (KPIL), along with its international subsidiaries, have secured notification of awards / comfort letters of approx. ₹ 2,366 Crores.

The details of the aforesaid new orders are as follows:

- Orders in the Transmission and Distribution (T&D) business in India and overseas market
- Order in the Buildings and Factories (B&F) business in India

Manish Mohnot, MD & CEO, KPIL, said, "We are particularly enthused with the prestigious orders wins in the HVDC segment for our T&D business in India. Our T&D order book continues to grow on back of rising power demand, rapid expansion of renewable energy and focus on improvement of T&D infrastructure. We continue to focus strengthening KPIL's market position and improve our capabilities in the T&D business globally.

The order in the B&F business is a repetitive orders from an existing client, demonstrating our impeccable track record of timely delivery and strong capabilities in the B&F construction space.

With these new orders, our order intake till date in FY25 has reached ~ ₹ 24,850 Crores, providing good visibility for improved execution and growth going forward."

Shares of Kalpataru Projects International Limited was last trading in BSE at Rs. 979.50 as compared to the previous close of Rs. 971.90. The total number of shares traded during the day was 13665 in over 641 trades.

The stock hit an intraday high of Rs. 989.00 and intraday low of 965.00. The net turnover during the day was Rs. 13379153.00.

Source : Equity Bulls

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