Kalpataru Projects International Ltd Share Price – NSE  /  BSE

Capital Goods - Electrical Equipment, Small Cap

The company has bagged orders in the transmission & distribution (T&D) business in overseas markets and for design & construction of an underground metro rail project in India.

Manish Mohnot, MD & CEO, KPIL, said: “We are happy with the new order wins, reinforcing our optimistic outlook for the T&D and Urban Infra business. The T&D orders in Brazil and underground metro rail‐ tunnelling order in India have significantly enhanced growth visibility for Fasttel and Urban Infra business going forward.

KPIL’s order intake (including LOAs/LOIs) in the current financial year stands at record high of approximately Rs 30,000 crore including some large and strategic order wins in T&D, B&F, oil & gas and urban infra business. Our robust order book position and established execution capabilities gives us confidence to deliver good growth 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’s consolidated net profit rose 19.49% to Rs 141 crore on 22.28% increase in net sales to Rs 4,896 crore in Q3 FY24 over Q3 FY23.

The scrip added 0.94% to currently trade at Rs 1,074.45 on the BSE.

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Kalpataru Projects International has secured new orders/notification of awards of Rs 2,071 crore.

The details of the aforesaid new orders are as follows: „h

-  Orders in the Transmission & Distribution (T&D) business in overseas markets „h

-  Order for design & construction of an underground metro rail project in India 

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The Board of Kalpataru Projects International at its meeting held on 27 March 2024 has approved the appointment of Dhananjay Mungale (DIN: 00007563) and r. Bimal Tanna (DIN: 06767157) as Additional Directors designated as Independent Directors with effect from 01 April 2024.

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The company has secured orders in the Transmission & Distribution (T&D) business of Rs 2,366 crore in India and overseas markets.

It has also bagged orders in the Buildings & Factories (B&F) business of Rs 79 crore.

Manish Mohnot, MD & CEO, KPIL, said: “We are delighted with the new order wins particularly in our domestic T&D business.

We continue to remain optimistic on the T&D opportunities in India given the huge thrust to boost the national transmission system, facilitating integration of renewable power. These orders will significantly strengthen our domestic T&D order book and provides good visibility for future growth.”

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’s consolidated net profit rose 19.49% to Rs 141 crore on 22.28% increase in net sales to Rs 4,896 crore in Q3 FY24 over Q3 FY23.

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