Kalpataru Projects International Ltd receives new orders of Rs. 1016 crores

Kalpataru Projects International Limited (KPIL) & its international subsidiaries have secured new orders/notification of awards of Rs. 1,016 Crores.

The details of the aforesaid new orders are as follows:

- Orders in the T&D business of Rs. 552 Crores in India and overseas markets

- Orders in B&F business in India of Rs. 464 Crores

Manish Mohnot, MD & CEO, KPIL, said, "We are pleased with the order wins, especially in our T&D and B&F business. The order winsin the T&D business helps usto further diversify our clientele and strengthen our order book particularly in the domestic T&D market. The orders in the B&F business from marquee clients reaffirms our confidence in the strong growth of thissegment. With the above orders, our YTD FY24 order inflowsstands at around Rs 8,400 crores and additionally we have a strong L1 position, which gives us confidence to deliver on growth targets going forward."

Shares of Kalpataru Projects International Limited was last trading in BSE at Rs. 633.50 as compared to the previous close of Rs. 627.95. The total number of shares traded during the day was 1240 in over 143 trades.

The stock hit an intraday high of Rs. 637.25 and intraday low of 625.65. The net turnover during the day was Rs. 784579.00.

Source : Equity Bulls

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