Kalpataru Projects secures new orders worth Rs 1,008 crore

30 Jun 2023 , 02:01 PM

Kalpataru Projects International Limited (Formerly Kalpataru Power Transmission Limited) and its international subsidiaries have received new orders/award notifications totaling Rs 1,008 crore. 

The new orders include one order worth Rs 635 crore in the Transmission and Distribution (T&D) business, both in India and overseas markets. Another order is for Civil works contracts for buildings in India amounting to Rs 373 crore.

When considering the consolidated figures, the company’s total order inflows for the first quarter of the financial year 2024 aggregate to Rs 5,122 crore.

‘We are delighted to see an ongoing flow of new orders, particularly for our B&F and international T&D business,’ said Manish Mohnot, MD & CEO of KPIL. 

“The domestic civil business is growing continuously, and we see growth potential in the international T&D sector. In addition to these order wins, our strong L1 position of Rs 5,500+ crore ensures a solid business outlook, giving us confidence in meeting our target order inflows of Rs 26,000+ crore for FY24,’ he added.

KPIL is currently involved in project execution across more than 30 nations and has established a presence in 70 countries worldwide. KPIL has successfully maintained its leadership position in all its key business sectors by leveraging its robust organizational capabilities, extensive technical expertise, and commitment to adhering to top-notch sustainability standards.

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