Kalpataru Projects International Ltd bags ₹ 1,008 Crores worth of new orders

Kalpataru Projects International Limited (Formerly Kalpataru Power Transmission Limited) & its international subsidiaries have secured new orders/ notification of awards of ₹ 1,008 Crores.

The details of the aforesaid new orders are as follows:

- Orders in the T&D business of ₹ 635 Crores in India and overseas markets

- Civil works for buildings in India of ₹ 373 Crores

On a consolidated basis, the company's order inflows stand at ₹ 5,122 Crores in Q1 FY24.

Mr. Manish Mohnot, MD & CEO, KPIL, said "We are pleased to see a consistent influx of new orders, particularly for our B&F and international T&D business. The domestic civil business is experiencing continuous growth, and we can see promising growth prospects in the international T&D sector. Alongside these order wins, our strong L1 position of ₹ 5,500+ Crores ensures a solid business outlook, giving us confidence in achieving our target order inflows of ₹ 26,000+ Crores for FY24".

Shares of Kalpataru Projects International Limited was last trading in BSE at Rs. 537.90 as compared to the previous close of Rs. 523.70. The total number of shares traded during the day was 9084 in over 804 trades.

The stock hit an intraday high of Rs. 541.15 and intraday low of 521.30. The net turnover during the day was Rs. 4854750.00.

Source : Equity Bulls

Keywords

KalpataruProjectsInternational INE220B01022 KPTL OrderWin