Kalpataru shares hit a 52-week high after winning orders worth ₹2,261 Cr

Tanushree Jaiswal 27th July 2023 - 04:56 pm

Kalpataru Projects International Ltd. (KPIL) witnessed a remarkable surge, with its shares rising over 8% to reach an all-time high of ₹650.15 on Thursday. The surge was fueled by the company's recent announcement of securing new orders valued at ₹2,261 crore, in collaboration with its international subsidiaries.

The major orders include a ₹2,036 crore transmission and distribution business for overseas markets and a ₹225 crore cross-country oil and gas pipeline project within India, as disclosed by KPIL to the stock exchanges.

This follows a series of successful project acquisitions earlier this year, with KPIL and its international subsidiaries securing projects worth ₹2,477 crore in March, and Kalpataru Power bagging orders worth ₹5,641 crore in February.

The year-to-date order intake for KPIL has now reached an impressive ₹25,149 crore, marking a significant milestone for the company, as announced by Manish Mohnot in March.

Kalpataru Projects International Ltd. (KPTL) is recognized as one of the leading specialized engineering, procurement, and construction (EPC) companies, engaged in various sectors such as Power Transmission & Distribution, Buildings & Factories, Oil & Gas Pipelines, Water Supply & Irrigation, Railways, and Urban Mobility (Flyovers & Metro Rail).

The company's global footprint covers projects in more than 30 countries, with a presence in 70 countries.

KPIL's strong performance and consistent track record have garnered attention from investors and reinforced its reputation as a reliable and innovative player in the industry. With a growing order book and promising projects on the horizon, KPIL appears well-positioned to sustain its growth trajectory and continue making a significant impact in the diverse sectors it operates.

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Tanushree Jaiswal

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