Rs 8/Sh Dividend: Multibagger Kalpataru Bags Orders Worth Rs 2,333 Cr, Record Date Soon

Mid cap company from the power sector, Kalpataru Projects International bagged orders worth Rs 2,333 crore, according to press release issued today. Current market price of Kalpataru Projects International share on BSE is Rs 1178.30 per share with intraday gain of 0.44%. Kalpataru Projects International shares offered attractive returns to shareholders with stock soaring 64% year-to-date and jumped 126% in last 1-year. Kalpataru Projects International recommended final dividend of Rs 8/share and fixed June 28, 2024 as the record date. Check details below:

Kalpataru Projects International Bags New Orders: According to the press release of the company, "Kalpataru Projects International Limited (KPIL), one of the largest Engineering & Construction companies listed in India along with its Joint Ventures (JVs) and international subsidiaries have secured new orders/notification of awards of Rs 2,333 Crores. These are related to orders in the Transmission & Distribution (T&D) business in India and overseas markets, EPC Order for an industrial plant in the metal industry, and Residential building order in India.

Manish Mohnot, MD & CEO, KPIL, said, "We are happy with the new order wins in our T&D business, including our largest order in Sweden secured through subsidiary, LMG. The orders in T&D business have enhanced our order book, thereby improving the growth visibility for the T&D business going forward."

Kalpataru Projects International Sets Record Date For Dividend: As per the regulatory filing of the company issued as on June 18, "In respect of Final Dividend for FY 2023-24 of Rs. 8/- per Equity share (400%) recommended by the Board of Directors at its meeting held on May 08, 2024 and pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, June 28, 2024 as the "Record Date" for the purpose of determining entitlement of members to Final Dividend, if declared at the 43rd Annual General Meeting of the Company. The final dividend will be paid on or before August 13, 2024, if declared."

The 43rd Annual General Meeting of Members of the Company ("AGM") is scheduled to be held on Monday, July 15, 2024 at 11:30 A.M. IST through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM") in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India from time to time, added the BSE filing.

Kalpataru Projects International Share Performance: Kalpataru Projects stock offered return of 86% in last 6-months, soared 222% in last 2-years, and jumped 175% in last 3-years. In last 2-weeks, Kalpataru Projects International shares fell over 4%. KPIL shares jumped 549% in last 10-years. The 52-week high price of Kalpataru Projects International share is Rs 1369.95 per share (as on 21/05/2024) and 52-week low price is Rs 515.20 per share (as on 26/06/2023), respectively.

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.

Disclaimer:

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