Shares of Kalpataru Projects surged by almost 4% to touch a day’s high of Rs 1,410 on 11 July after the company announced securing multiple new orders worth Rs 2,995 crore along with its joint ventures and international subsidiaries. 

On 25 June, KPIL announced securing new orders worth Rs 2,333 crore. These orders include Transmission & Distribution (T&D) projects in both Indian and overseas markets. Additionally, the organization obtained an EPC contract for an industrial plant within the metal industry. Furthermore, KPIL was awarded an order for constructing a residential building in India.

At the end of March, the company disclosed orders amounting to Rs 2,071 crore. These orders were secured through JVs and international subsidiaries and included T&D projects abroad. 
Additionally, it secured an order to design and construct an underground metro rail project in India.

Continuous orders in the T&D business reinforce KPIL’s growth expectations. Similarly, the new orders in B&F and water businesses bolster KPIL’s order backlog. CEO Manish Mohnot highlights enhanced growth prospects for these sectors.

With these recent wins, the firm’s order intake for the current financial year totals Rs 6,178 crores. Their strong and diverse order book provides confidence in achieving the targets moving forward.

The firm’s consolidated net profit soared by 20.71% to Rs 169 crore, with the net sales rising by 22.30% to Rs 5,971 crore in Q4 FY24.

At 11:36 AM, the shares of Kalpataru Projects were trading 1.62% higher at Rs 1,368 on BSE.

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