Kalpataru Projects International (KPIL) has secured new orders worth Rs 2,003 crore for projects in buildings, factories, and power transmission in India and its overseas markets, the company said in a regulatory filing on December 10.
Key order details
KPIL, along with its international subsidiaries, has secured new orders in the buildings and factories business in India. The company has also received orders in power transmission and distribution across India and its overseas markets. The total order value stands at Rs 2,003 crore, it added.
Commenting on the order wins, Manish Mohnot, CEO and MD of KPIL, said, “The orders in the B&F business have strengthened our portfolio in residential and hospital projects and further improved our leadership in the B&F market in India.”
He further added that with these new wins, the company’s order intake value now stands at Rs 17,000 crore. “Additionally, the new orders in the T&D business reflect our expanding footprint in the Indian and overseas T&D markets. With these order wins, our YTD order intake stands around Rs 17,000 crore, providing good visibility for growth in the coming quarters,” Mohnot added.
Kalpataru Projects International share price
Following the announcement of these new order wins, the company’s stock rose by nearly 1.3% intraday. Over the past one month, the company’s stock has declined by over 8%.