Kalpataru Projects International Ltd said on Tuesday, June 25 that the company and its joint ventures and international subsidiaries have secured new orders worth Rs 2,333 crore. Kalpataru Projects stock jumped nearly 3 percent at open on June 25, and was trading at Rs 1,208.55 on NSE. The stock had ended with 1.2 percent gains in the previous session.
Kalpataru said its new orders include Transmission & Distribution (T&D) business in India and overseas markets, an EPC order for an industrial plant in the metal industry, and a residential building order in India.
The company's MD and CEO Manish Mohnot said that "these orders reaffirm our confidence that the T&D and B&F business will continue to contribute significantly to our growth going forward."
Further, the orders have enhanced the firm's order book and have improved growth visibility in the transmission and distribution business, he said, adding that the orders would strengthen the capabilities for its buildings and factories (B&F) business.
Earlier, in March, Kalpataru Projects said that it had bagged orders worth Rs 2,071 crore. The company received these orders through its Joint Ventures (JVs) and international subsidiaries. The new orders included Transmission and Distribution (T&D) projects abroad, and the design and construction of an underground metro rail project in India, KPIL said in a stock exchange filing.
Kalpataru Projects International stock has surged more than 126 percent over the last one year.
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