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Kalpataru Projects bags orders worth Rs 1,016 cr

30-Sep-23   16:22 Hrs IST
The civil construction company bagged orders worth Rs 552 crore in India and overseas markets in the transmission and distribution (T&D) business. It also received orders in B&F business in India for Rs 424 crore.

Manish Mohnot, MD & CEO, KPIL, said, ?The order winsin the T&D business helps usto further diversify our clientele and strengthen our order book particularly in the domestic T&D market. The orders in the B&F business from marquee clients reaffirms our confidence in the strong growth of thissegment. With the above orders, our YTD FY24 order inflows stand at around Rs 8,400 crore and additionally we have a strong L1 position, which gives us confidence to deliver on growth targets going forward.?

Kalpataru Projects International (formerly known as Kalpataru Power Transmission) is a leading player in the domestic transmission and distribution (T&D) sector. The company undertakes turnkey contracts for setting up transmission lines and substations for extra-high-voltage power transmission. Over the years, it has diversified into civil contracts, railways, and oil and gas pipeline construction.

The company reported 42% increase in consolidated net profit to Rs 115 crore on 15.3% rise in net sales to Rs 4,241 crore in Q1 FY24 over Q1 FY23.

The scrip rose 0.88% to settle at Rs 529.60 on Friday, 29 September 2023.

The stock market will remain closed on Monday, 2 October 2023 on account of Mahatma Gandhi Jayanti.

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