KPIL shares rise as it bags orders worth ₹2,774 crore

As of 12:57 pm, the shares of the company were up by ₹7.50, or 0.52%, trading at ₹1,362.80 on the NSE.

KPIL, one of the largest engineering and construction companies listed in India, along with its international subsidiaries, have secured new orders/notifications of awards of ₹2,774 crore, the company statement said in a statement on Thursday.

These orders include new projects in the Transmission & Distribution (T&D) business in overseas markets, as well as the Airports Authority of India's (AAI) EPC project for Airport Extension.

The new orders also include design and build projects for residential buildings in India.

Manish Mohnot, MD and CEO, KPIL, said in the statement, "We are pleased with the continuous ordering momentum, especially in our T&D and Buildings and Factories (B&F) business."

The order from the AAI will mark our entry into the growing domestic airport sector and further diversify our clientele, he added.

The orders in the T&D and B&F businesses have further enhanced our market position and significantly strengthened our order book, he said.

With the orders wins, our YTD (year to date) order intake has reached around ₹9,800 crores, and additionally, we have greater business visibility, he stated.

KPIL is one of the largest specialised EPC (engineering, procurement, and construction) companies engaged in power transmission & distribution, B&F, water supply & irrigation, railways, oil & gas pipelines, urban mobility (flyovers & metro rail), highways and airports.

KPIL is currently executing projects in over 30 countries and has a global footprint in over 70 countries.