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Kalpataru Projects Secures Arbitration Award Settling Old Dues from Indian Customer

08 October 20243 mins read by Angel One
Kalpataru Projects International continues to strengthen its leadership in specialized EPC sectors with a robust order book of $7 billion and a global presence in over 70 countries.
Kalpataru Projects Secures Arbitration Award Settling Old Dues from Indian Customer
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Kalpataru Projects International (KPIL) is a leading specialized Engineering, Procurement, and Construction (EPC) company with diverse business verticals, including Power Transmission & Distribution, Buildings & Factories, Railways, and more. KPIL has established its dominance with projects across 30+ countries, building a strong international presence in over 70 countries.

Recent Developments and New Orders


KPIL has recently resolved a long-standing dispute through arbitration, resulting in a positive financial settlement finalized on October 7, 2024. This resolution showcases the company’s ability to manage challenges and maintain strong financial health.

Additionally, KPIL has secured new orders worth ₹1,241 crores, which span across:

  • Transmission & Distribution (T&D) projects in India and overseas markets.
  • Residential and Commercial Building projects within India.

These new orders further strengthen KPIL’s position in the EPC sector and expand its growth trajectory.

Robust Performance and Impressive Order Book

The company has shown exceptional performance in 2024, with its stock appreciating by over 80% year-to-date. This is backed by a solid order book valued at $7 billion as of June 30, 2024, including international orders worth Rs 26,200 crore.

Moreover, KPIL posted an 8.2% year-on-year revenue growth in Q1 FY24, demonstrating its resilience despite the global resource availability challenges.

Conclusion

Kalpataru Projects International continues to excel with its strong business fundamentals, backed by technical expertise, sustainable practices, and a diversified project portfolio. The company’s impressive global order book and recent project wins point toward sustained growth and a promising future in the EPC space.

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.

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