Kalpataru Projects Receives Multiple Orders Worth Rs.2,333 Crore

Kalpataru Projects International Limited (KPIL) is one of the largest Engineering and Construction companies listed in India, with a diversified portfolio of projects worldwide, in Power Transmission & Distribution (T&D), Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports in over 70 countries.

Kalpataru Projects secures new orders

On Tuesday, Kalpataru Projects International Limited (KPIL) announced that it, along with its Joint Ventures (JVs) and international subsidiaries, has secured new orders totaling Rs 2333 crore. These orders encompass a variety of projects, including Transmission & Distribution (T&D) business contracts in both Indian and international markets. Additionally, KPIL has received an Engineering, Procurement, and Construction (EPC) order for an industrial plant in the metal industry, as well as a contract for the construction of a residential building in India. This diverse portfolio of new projects highlights KPIL’s expansive operational reach and expertise.

MD and CEO on new orders

Manish Mohnot, MD & CEO of KPIL, expressed his satisfaction with the recent order wins in the T&D sector, including their largest order in Sweden secured through the subsidiary LMG. He noted that these T&D orders have bolstered their order book, enhancing growth prospects for the business. Additionally, the Building & Factory (B&F) division has strengthened its capabilities by securing an EPC order in the metal industry from a prestigious Indian client. Mohnot emphasized that these orders reinforce their confidence in the continued significant contributions of the T&D and B&F businesses to KPIL’s growth.

Conclusion: Kalpataru Projects International Limited’s recent order wins highlight its strong position in the Transmission & Distribution sector, with a landmark project secured in Sweden. These new contracts significantly bolster the company’s order book, enhancing growth prospects. The stock Kalpataru currently trades flat at Rs.1,171.10 a piece after pairing its morning session gains.

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