Share of Kalpataru Projects International Ltd rallied 4% on Tuesday 1 October 2024 after the company announced that it has received new orders totaling Rs 1,241 crore.

In its regulatory filing, the company said, “Kalpataru Projects International Limited (KPIL), one of the largest Engineering & Construction companies listed in India, have secured new orders/notification of awards of Rs 1,241 crore.”

In addition to residential and commercial building projects in India, the company has obtained orders for transmission and distribution (T&D) in both domestic and foreign markets.

Manish Mohnot, MD & CEO of Kalpataru Projects International, said, “We are happy with the robust ordering momentum. These new orders have further strengthened our order book with YTD order inflows reaching over Rs 11,000 crores.”

Manish added that nearly 80-85% of the new order inflows including L1 are from our Transmission & Distribution (T&D) and Buildings and Factories (B&F) business that has boosted the company’s confidence to deliver sustainable growth and profitability on the back their robust capabilities, strong track record and leading market position in these businesses.

Founded in 1981, Kalpataru Projects International Limited (KPIL) is one of the largest engineering and construction firms in India. The company is listed on public markets and is widely recognized for its expertise in various areas. 

KPIL is actively engaged in carrying out projects on an international scale, having a strong presence in more than 30 countries and extending beyond 70 nations worldwide. 

However, at 1:47 pm, the shares of Kalpataru Projects shed all their early gains and were trading 0.45% lower at Rs 1,361 on NSE. 

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