Kalpataru Projects International Limited (KPIL) on Tuesday announced that the company along with its Joint Ventures (JVs) and international subsidiaries, has secured new orders worth Rs 2333 crore. 

The work includes orders in the Transmission & Distribution (T&D) business in India and overseas markets, EPC order for an industrial plant in the metal industry, and 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 strengthened 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.”

Earlier in March, Kalpataru Projects and its arms had bagged orders worth Rs 2,071 crore. The orders included orders in the Transmission & Distribution (T&D) business in overseas markets. Besides, it has also got an order for design & construction of an underground metro rail project in India.

Talking about the recent order, Amit Anwani, Research Analyst, Prabhudas Lilladher Pvt Ltd, said, “We remain positive on KPIL owing to strong order pipeline across the segments, their focus on geographical expansion, increasing pre-qualification for large contracts and synergies arising from merger with JMC.”