Kalpataru Projects International Limited (KPIL) & its international subsidiaries have secured new orders worth Rs 2,261 crore, including orders of cross-country oil & gas pipeline projects in India of Rs 225 crore and the T&D business of Rs 2,036 crore in abroad markets.

Manish Mohnot, MD & CEO, KPIL, said, “The new orders in the T&D business have strengthened our order book and improved our market position in the international markets. The Oil & Gas business continues to strengthen its order book with a new order from a very reputable client. These orders will significantly contribute towards our targeted growth going forward,”

On July 11, the company’s wholly-owned subsidiary in Brazil, Kalpataru Power Do Brasil Participações Ltda. (KPBPL) had acquired the remaining 49% stake in Fasttel Engenharia S.A Brazil, raising the total stake to 100%.

The Latin American and Brazilian markets are very attractive for T&D infrastructure since many projects are being commenced in these markets.

The recent acquisition will further strengthen KPIL’s position in Brazil and Latin American markets.

The company received a new order in June worth Rs 1,008 crore, including Rs 373 crore in civil works in India and a Rs 635 crore order in T&D business in India and overseas markets.

The shares of KPIL jumped 8% to hit a new 52-week high of Rs 650.15 on BSE.

At 1:30 pm, the shares traded at Rs 622.10 or 3.44% above its previous close on BSE.