Kalpataru Projects shares rallied 11% and hit a new 52-week high of Rs 728.75 on 29 December after the company announced securing orders along with its JVs (joint ventures) and international subsidiaries worth Rs 3,244 crore.

In its regulatory filing, the company said that it has received its largest ever design and build contract in the Buildings and factories business from a reputed developer for constructing a large-size residential buildings project in South India that will have a built-up area of around 10 million square feet.

The company has received an order for the design and construction of an underground rail project that signifies the company’s entry into the electric mobility business with TBM tunnelling scope, and its transmission and distribution business received orders from overseas markets.

Manish Mohnot, MD and CEO of Kalpataru Projects International, said, “We are delighted to announce strategic order wins across diverse businesses. Our foray into underground metro rail tunnelling projects reaffirms our commitment to sustainable urban infrastructure development. Our largest ever order win in our B&F business, on design & build basis, from a reputed developer for a large residential buildings project in South India further fortifies our position as a leading player in this space. The nature of these large order wins, involving engineering scope, reflect on our growing capabilities across a diversified portfolio of business.”

The company is engaged in the business of power transmission and distribution, water supply and irrigation, buildings and factories, railways, urban mobility, oil and gas pipelines, highways, and airports.

At 12:22 pm, the shares of Kalpataru Projects were trading 9.09% higher at Rs 717.40 on NSE.