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Kalpataru Projects Shares in Focus: Secured New Orders ₹1,011 Crore

Updated on: Jan 1, 2025, 12:26 PM IST
Kalpataru Projects new order for Transmission & Distribution (T&D) business, Railway business and Buildings & Factories (B&F) business.
Kalpataru Projects Shares in Focus: Secured New Orders ₹1,011 Crore
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On December 31, 2024, Kalpataru Projects International Ltd (KPIL) and its international subsidiaries announced the receipt of new orders and award notifications totalling ₹1,011 crore.

Details of New Contracts

These new orders cover several critical sectors, including the transmission and distribution (T&D) business in international markets, the railway sector in India, and the buildings and factories (B&F) sector within the country.

The breakdown of these new orders is as follows:

  • Orders in the Transmission & Distribution (T&D) business in international markets
  • Orders in the Railway business in India
  • Orders in the Buildings & Factories (B&F) business in India

Manish Mohnot, MD & CEO, KPIL, said, “We are pleased with the strong momentum in order inflows, which has significantly strengthened our order book, with YTD inflows now exceeding ₹17,300 Crores. Notably, 85% of these orders, come from our core T&D and B&F businesses. The T&D business has grown steadily in the last three quarters, while the B&F business has strengthened its leadership with new and repeat orders. These achievements further bolster our confidence in achieving sustainable and profitable growth, driven by our robust expertise and leadership in the market.”

Kalpataru Projects QIP

In December 2024, Kalpataru Projects International Limited (KPIL) successfully completed a Qualified Institutions Placement (QIP), raising approximately ₹1,000 crore. This marked the company’s first equity raise in more than ten years. The capital raise garnered strong interest from domestic mutual funds, foreign investment funds, and insurance companies.

On January 1, 2025, Kalpataru Projects shares opened at ₹1,327.95 and touched the day high of ₹1,340.95 at 12::10 PM

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 1, 2025, 12:26 PM IST

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