Shares of Kalpataru Projects Surge on Securing Big Order worth Rs 2,995 Crore

Kalpataru Projects International Limited (KPIL), a leading Indian engineering and construction company, has secured a significant new order win valued at Rs 2,995 crore. This impressive achievement spans across the company’s core business segments: Transmission & Distribution (T&D), Building & Factories (B&F), and Water.

The company highlights its continued strength in the T&D sector, particularly in overseas markets. This reinforces the company’s confidence in T&D EPC (Engineering, Procurement, and Construction) as a key driver of future growth. Additionally, the new B&F orders within India and a Water EPC order secured through a joint venture further solidify KPIL’s diversified order book and enhance growth prospects across these business segments.

Manish Mohnot, MD & CEO of KPIL, expressed delight at the recent order wins. He emphasized the significance of these projects in bolstering the company’s order book and improving growth visibility for the B&F and Water businesses. With this latest achievement, KPIL’s total order intake for the current financial year has reached a staggering Rs 6,178 crore.

Share Price Movement

Shares of Kalpataru Projects International Ltd (KPIL) currently trading at Rs 1369.35 reflecting a gain of Rs 23.20 (1.72%) compared to the previous close of Rs 1346.15. The stock reached a high of Rs 1410.00 and a low of Rs 1357.05. It is currently trading within the upper price band of Rs 1615.35 and the lower price band of Rs 1076.95. Looking at the 52-week range, KPIL’s stock has reached a high of Rs 1410.00, which was also recorded on July 10th, 2024. The 52-week low sits at Rs 549.40.

About Company

KPIL is one of the largest specialized EPC companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways, and Airports. KPIL is currently executing projects in over 30 countries and has a global footprint in over 70 countries. KPIL has maintained a leadership position in all its major businesses backed by strong organisational capabilities, superior technical know-how, and adherence to best-in-class sustainability standards.

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