Kalpataru Projects International bags ₹1241 crore order in T&D segment, total order inflows touch Rs.11,000 crore in 2024

By Upstox News Desk

2 min read | Updated on October 01, 2024, 17:56 IST

SUMMARY

The company's current order book stood at Rs.11,000 crore YTD, with the latest order win of Rs.1,241 crore. Earlier in September the company announced another order win worth Rs 2,774 crore from AAI to design and build residential buildings in India.

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KPIL

Kalpataru Projects International bags Rs.1241 crore order in T&D segment, total order inflows touch Rs.11,000 crore in 2024

Shares of Kalpataru International closed 1.3% lower on Tuesday amid broader selling in the market. The company announced new order wins on Tuesday in the transmission and distribution segment.

Kalpataru Projects International (KPIL) has secured new orders/notification of awards of ₹1,241 crore. This includes orders in the Transmission & Distribution (T&D) business in India and overseas market. Besides, it secured Residential and Commercial Building projects in India. These new orders has further strengthen the company's order book with Year to date (YTD) order inflows reaching over ₹11,000 crore.

Earlier in September the company announced another order win worth ₹2,774 crore. The company received orders in the Transmission & Distribution (T&D) business in overseas markets, an EPC project for the Extension of an Airport from the Airports Authority of India (AAI) and a Design & Build project for residential buildings in India.

The company saw a minor change in the total revenue in the June 2024 quarter. The total revenue for the quarter stood at ₹3722 crore against ₹3622 crore during the year-ago period. The Company's Net profit for the June 2024 quarter has declined marginally to₹117 crore as against ₹126 crore reported during the corresponding quarter. The operating profit remained unchanged at ₹343 crore.

Kalpataru Projects International is one of the largest and fastest growing specialised EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution.

On a YTD basis, the company has delivered impressive 88% returns in the year 2024, while in the trailing 12 months the share price grew by 107%.

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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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Kalpataru Projects International bags ₹1241 crore order in T&D segment, total order inflows touch Rs.11,000 crore in 2024

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