Kalpataru Projects' Shares Up After Securing ₹2,774 Crore in New Orders

13 Sep 2024 , 12:49 PM

Kalpataru Projects International Limited’s shares rose by over 1% following the announcement of new orders and awards worth ₹2,774 Crore.

The new contracts include projects in Transmission & Distribution (T&D) in international markets, an EPC contract for airport extension from Airports Authority of India (AAI), and a design and build project for a residential building in India.

This latest order win boosts the company’s year-to-date (YTD) order intake to approximately ₹9,800 Crore, enhancing its business outlook.

At the time of writing, shares of Kalpataru Projects International Limited are trading at ₹1386 which is a 0.94% gain than the previous close. Kalpataru Projects International Limited has witnessed a total of 114% gain in the last one year, and almost 93% gain since the beginning of the year.

The AAI contract represents Kalpataru Projects’ entry into the domestic airport sector and broadens its client base. Manish Mohnot, MD & CEO of KPIL, stated that the new orders in T&D and Buildings & Factories (B&F) sectors have strengthened their market position and improved growth prospects.

KPIL is a leading EPC company specializing in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways, and Airports. The company operates in over 30 countries and has a global presence in more than 70 countries.