Shares of Kalpataru Projects International Ltd. rose 1% to a day’s high of Rs 1,380.35 on 12th September, following the company’s announcement of new orders and awards totalling Rs 2,774 crore.

The new orders include projects in Transmission & Distribution (T&D) overseas, an EPC project for extending an airport with the Airports Authority of India (AAI), and a design and build project for a residential building in India.

With this new order, Kalpataru Projects’ year-to-date order intake has reached around Rs 9,800 crore, providing greater business visibility. The AAI order will also mark their entry into the expanding domestic airport sector and diversify their client base.

Manish Mohnot, MD & CEO of KPIL, stated that the new orders in T&D and B&F businesses have strengthened their market position and order book, improving growth visibility.

The company is executing projects in over 30 countries and has a global presence in over 70 countries.

The stock has surged 90% this year, significantly outperforming the Nifty’s 14% return. The company’s market capitalisation rose significantly to Rs 22,303 crore.

At 2:16 PM, the shares of Kalpataru Projects were trading 1.27% higher at Rs 1,373 on NSE.

Tired of missing hot stocks? Unicorn Signals provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!