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Kalpataru Projects International Secures ₹2,333 Crore in New Orders

Updated on: Jul 3, 2024, 7:52 PM IST
Kalpataru received orders in the T&D business, which has enhanced its order book, thereby improving the growth visibility for the T&D business going forward.
Kalpataru Projects International Secures ₹2,333 Crore in New Orders
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Kalpataru Projects International Limited (KPIL), a leading Indian engineering and construction company, announced today that it has secured a significant volume of new orders valued at ₹2,333 crore. This achievement reinforces KPIL’s position as a prominent player in the domestic and international construction sector.

Diversified Order Book

The new orders encompass a variety of project types, showcasing KPIL’s diverse capabilities. A substantial portion of the new orders pertain to the company’s core business segment – Transmission & Distribution (T&D). These T&D orders span projects in India and overseas markets, highlighting KPIL’s well-established presence in both domestic and international markets.

Expanding Expertise

Beyond its core T&D business, KPIL has also secured an EPC (Engineering, Procurement, and Construction) order for an industrial plant in the metal industry. This project demonstrates the company’s willingness to expand its expertise and take on new challenges in complementary sectors.

Strengthening Domestic Presence

The order book is further bolstered by a residential building project within India. This residential project underlines KPIL’s commitment to contributing to India’s growing infrastructure and development needs.

Looking Ahead

Kalpataru Projects International’s success in securing these new orders reflects the company’s proven track record, strong industry relationships, and diversified service offerings. This achievement strengthens KPIL’s order book and positions the company for continued growth in the coming quarters.

“We are happy with the new order wins in our T&D business, including our largest order in Sweden secured through our subsidiary, LMG. The orders in the 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,” said Manish Mohnot, MD and CEO of KPIL.

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.

Published on: Jun 25, 2024, 2:50 PM IST

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