Kalpataru Projects hits new high on bagging orders worth Rs 2,261 crore

27 Jul 2023 , 12:11 PM

Kalpataru Projects International Limited (KPIL) and its global subsidiaries received fresh orders/award notifications aggregating to Rs 2,261 crore.

Following this development, the company’s counter hit a new 52-week high of Rs 649.40.

The company said that it has received new orders in the T&D business worth Rs 2,036 crore in the overseas markets.

Further, it has received an order for Cross country oil & gas pipeline project in India. The total cost of the said project is Rs 225 crore.

‘We are pleased with the consistent order inflows in our T&D business,’ stated Manish Mohnot, MD & CEO of KPIL.

“New orders in the T&D business have reinforced our order book and increased our international market position. With a fresh order from a very reputable client, the Oil & Gas business continues to strengthen its order book. These orders will considerably help to achieve our future growth goals,’ he added.

KPIL is one of the world’s largest specialized EPC firms, with operations in Power Transmission & Distribution, Railways, Water Supply & Irrigation, Oil & Gas Pipelines, Highways, Buildings & Factories, Urban Mobility (Flyovers & Metro Rail), and Airports. KPIL is now working on projects in over 30 countries and has a worldwide footprint in 70 countries.

At around 12.04 PM, Kalpataru Projects International was trading 3.52% higher at Rs 623, against the previous close of Rs 601.80 on NSE.

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