Kalpataru Projects shares hit 52-week high on orders worth ₹2,995 crore

Kalpataru Projects International shares reached a 52-week high of ₹1,410 in intraday trade on Thursday after the company and its subsidiaries bagged new orders worth ₹2,995 crore.

The company secured orders in the transmission & distribution (T&D) business in overseas markets, engineering, procurement and construction orders in the water business in a joint venture and some domestic buildings & factories orders.

“The continuous inflow of orders in the T&D business reaffirms our confidence that the T&D EPC business will contribute significantly to KPIL’s growth. The orders in the B&F and Water business have further strengthened our order book, thereby improving the growth visibility for these businesses,” read a statement by Manish Mohnot, CEO and managing director of KPIL.

The company had, on June 25 this year, secured ₹2,333 crore worth another set of orders in domestic and international Transmission & Distribution business, and orders of EPC for an industrial plant in the metal industry and domestic Residential building.

After securing the above orders, Mohnot shared that the order intake to date in the present financial year 2024-25 stood at ₹6,178 crore. “Our robust and well-diversified order book gives us the confidence to achieve the targeted growth going forward,” added Mohnot. The company in its May 2024 Financial Report shared that its revenue for FY24 rose by 20% on a year-on-year basis at ₹19,626 crores with a 19% year-over-year growth in net profits to ₹516 crores.

A part of the Kalpataru Group, Kalpataru Projects International (KPIL), mainly engaged in the EPC segment, currently has businesses such as power transmission & distribution, buildings & factories, water supply and irrigation, oil and gas pipelines, urban mobility (flyovers & metro rail), transportation including railways, highways and airports. The company has projects under execution in over 30 countries with its subsidiary Linjemontagei Grastorp AB in Sweden tapping the European market and its subsidiary Fasttel Engenharia Ltda in Brazil tapping Latin America.