Kalpataru Projects International Ltd Wins Major Contracts Worth ₹2,774 Crore

On September 12, 2024, Kalpataru Projects International Limited (KPIL) announced in a stock exchange filing that the company had secured new orders/notification of awards of ₹2,774 crore.

The new orders include significant contracts in several key areas:

• Transmission & Distribution (T&D): KPIL has won orders in international markets, expanding its reach and capabilities in the T&D sector.
• Airport Expansion: The company has been awarded an EPC project by the Airports Authority of India (AAI) for the extension of an airport, reflecting its expertise in large-scale infrastructure projects.
• Residential Building: KPIL will also undertake a design and build project for a residential building in India, showcasing its commitment to domestic infrastructure development.

Commenting on this significant development, the MD and CEO of KPIL, Manish Mohnot, said, “We are pleased with the continuous ordering momentum, especially in our Transmission & Distribution and Buildings and Factories business. The prestigious order from the Airports Authority of India (AAI) will mark our entry into the growing domestic airport sector and further diversify our clientele.” 

He also added, “The orders in the T&D and B&F business have further enhanced our market position and significantly strengthened our order book, thereby improving the growth visibility for these businesses going forward. With the above order wins, our YTD order intake has reached around ₹9,800 crore, and additionally, we have greater business visibility. We continue to focus on delivering sustainable growth and improved profitably going forward.”

For the quarter ending June 30, 2024, Kalpataru Projects International Limited (KPIL) reported a revenue increase of 8.2% year-over-year, reaching ₹4,587 crore, primarily driven by its Transmission & Distribution and Building & Factory businesses. The company’s EBITDA stood at ₹378 crore, with an EBITDA margin of 8.2%. The margin decline was attributed to changes in the project mix and investments in resource augmentation to support future project execution.

In July 2024, KPIL secured additional new orders worth ₹838 crore. As of June 30, 2024, the company’s order book reached ₹57,195 crore, reflecting a 21% year-over-year increase, with an additional L1 position of approximately ₹5,000 crore.

On September 12, 2024, the share price of Kalpataru Projects International Ltd opened at ₹1,355.00, touching the day’s high at ₹1,380.35, as of 11:46 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.