Mid Cap Power Co Bags New Orders Worth Rs 2263 Cr, Shares Trade 52-Week High

Mid cap company operating in power sector, Kalpataru Projects International bagged new orders worth Rs 2263 crore on Monday. Current market price of Kalpataru Projects share on BSE is Rs 695.95 per share with intraday gain of 4.05%. Kalpataru Projects shares gained 105% in last 3-years and soared 9% in last 1-week only. Check details below:

Kalpataru Projects Receives New Orders: Kalpataru Projects International Limited (KPIL) & its international subsidiaries have secured new orders/notification of awards of Rs 2,263 crores. It consists of orders in the T&D business of Rs 1,564 crores in India and overseas markets, order in water business of Rs 458 crores, and orders in B&F business of Rs 241 crores.

Manish Mohnot, MD & CEO, KPIL, said, "We are delighted with the new order wins, particularly in our T&D business. The T&D business continues to witness strong traction in terms of both order inflows and tender pipeline. We expect the T&D business to be significant growth driver for KPIL in coming years. Additionally, these T&D orders have strengthen our order book in India, Latin America, Africa and Sweden. We continue to focus on strategic orders wins within our B&F and Water business with a focus to improve our market presence and deliversustainable growth in these businesses. Our YTD FY24 order inflows stands at ~ Rs 14,441 Crores, providing improved visibility for future growth."

Kalpataru Projects International Stock Performance & Return: Current market price of Kalpataru Projects International share on BSE is Rs 695.95 per share with intraday gain of 4.05%. The stock's 52-week high price is Rs 723.50 apiece and 52-week low price is Rs 480.20 apiece, respectively. Its market capitalisation is Rs 11,281.89 crore. Kalpataru Projects shares gained 9% in last 1-week, soared 29% in last 6-months, gained 33% in last 1-year, and offered return of 81% in last 2-years. In last 3-years, Kalpataru Projects International shares surged 105% and jumped 95% in last 5-years.

About: KPIL is one of the largest specialized EPC companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. KPIL is currently executing projects in over 30 countries and has a global footprint in over 70 countries. KPIL has maintained a leadership position in all its major businesses backed by strong organisational capabilities, superior technical know‐how, and adherence to best‐in‐class sustainability standards.

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