Kalpataru Projects (KPIL)Share Price Rise On Securing Rs 2,071 Crore Worth New Orders

Kalpataru Projects International Limited (KPIL), a leading engineering and construction company, has clinched new orders worth Rs 2,071 crore, propelling its shares to a 2% surge on Thursday.

The announcement of these substantial orders has invigorated investor confidence, leading to a notable uptick in Kalpataru's stock prices on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Shares of Kalpataru surged 1.37% to Rs 1079 on the BSE.

On the NSE, stocks rose 1.32% to Rs 1079.60.

The new orders obtained by KPIL encompass diverse sectors, including Transmission & Distribution (T&D) business in overseas markets and the design & construction of an underground metro rail project in India. These acquisitions underscore KPIL's capability in executing complex projects across various domains within the Engineering & Construction industry.

"The company's recent accomplishments, emphasising the positive impact on the T&D and Urban Infra business segments, Mohnot highlighted the significance of the T&D orders in Brazil and the underground metro rail project in India, citing their potential to drive growth for KPIL's business in the foreseeable future," Manish Mohnot, MD and CEO of KPIL, said in BSE Filling.

"The current financial year has witnessed KPIL's order intake reach a record high of approximately Rs 30,000 crores, including notable wins in T&D, Buildings & Factories (B&F), Oil & Gas, and Urban Infra sectors. This remarkable feat to the company's relentless efforts in expanding its geographical footprint, fostering strong client relationships, and leveraging its technical and execution capabilities" Mohnot added.

Kalpataru Projects International Limited (KPIL) stands as one of the largest specialised engineering, procurement, and construction (EPC) companies in India. Its diverse portfolio spans power transmission and distribution, buildings and factories, water supply and irrigation, railways, oil and gas pipelines, urban mobility (including flyovers and metro rail), highways, and airports. With ongoing projects in over 30 countries and a global presence in more than 70 countries, KPIL has solidified its leadership position in the industry.

KPIL's success is underpinned by its robust organizational capabilities, superior technical expertise, and unwavering commitment to best-in-class sustainability standards. The company's ability to deliver complex projects efficiently and sustainably has earned it a reputation for excellence in the EPC sector.

The recent announcement of securing new orders worth Rs 2,071 crore underscores KPIL's continued momentum and reinforces its position as a key player in the engineering and construction industry. With a strong order book and a proven track record of execution, KPIL is well-positioned to capitalise on emerging opportunities and drive sustainable growth in the years to come.