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Published 10:25 IST, December 4th 2023

Kalpataru Projects hit fresh 52-week high on order win

Notably, the shares of the company have climbed over 22 per cent year to date (YTD).

Reported by: Tanmay Tiwary
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Kalpataru Projects International Ltd | Image: Kalpataru Projects International Ltd
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Shares of Kalpataru Projects International soared as much as 8.17 per cent to hit a fresh 52-week high of Rs 723.50 per share.

The surge came after Kalpataru Projects announced that the company and its international subsidiaries have secured new orders worth Rs 2,263 crore.

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Notably, the shares of the company have climbed over 22 per cent year to date (YTD).

The company has bagged orders in the T&D business of Rs 1,564 crore in India and overseas markets; second order in water business worth Rs 458 crore, and a few orders in B&F business of Rs 241 crores.

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On securing the orders, Manish Mohnot, MD & CEO, KPIL, said, “We are delighted with the new order wins, particularly in our T&D business. The T&D business continues to witness strong traction in terms of both order inflows and tender pipeline. We expect the T&D business to be a significant growth driver for KPIL in coming years. Additionally, these T&D orders have strengthened our order book in India, Latin America, Africa and Sweden.”   

Mohnot added, “We continue to focus on strategic orders wins within our B&F and Water business with a focus to improve our market presence and deliver sustainable growth in these businesses. Our YTD FY24 order inflows stands at Rs 14,441 crore, providing improved visibility for future growth.”

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As of 10:19 am, shares of the company were trading 3.02 per cent higher at Rs 689.05 per share.

Updated 10:46 IST, December 4th 2023