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3 min read | Updated on March 24, 2026, 09:50 IST
SUMMARY
Kalpataru Projects shares surged in the early market hours on March 24 after the company bagged a ₹4,439 crore power transmission order. This marks the second large order secured this month.
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Kalpataru Projects shares surged 5.4% to hit their intraday high level of ₹1,073.10 in the early market session on March 24.
The company “secured notification of awards / comfort letters / confirmation of consummation of contract of approx. ₹ 4,439 Crores in the Transmission and Distribution (T&D) business,” according to the NSE filing before the market opening bell on Tuesday.
Shares of the Kalpataru Projects surged 5.4% to hit their intraday high level of ₹1,073.10 in the early market session, compared to ₹1,018.10 at the previous stock market close, the exchange data showed.
As part of the arrangement, Kalpataru Projects will fulfil an order for a 400kV power transmission line and the need for associated substations in Africa. The company will also fulfil an order to build power transmission lines in India and build a substation project in Sweden.
However, the company’s filing did not mention any expected timeline for the completion of the order or the names of the entities which issued the order to the firm for the projects.
Commenting on the development, Managing Director and CEO of Kalpataru Projects, Manish Mohnot said, “With these wins, we have surpassed our annual order intake target of ₹26,000 crores. Notably, our T&D and Buildings & Factories (B&F) businesses account for nearly 50% and 40% of FY26 year-to-date inflows, respectively, underscoring the strong growth momentum in our major businesses.”
Last week, Kalpataru Projects’ subsidiaries secured a $2,472 crore order for the construction of metro railway projects in India, cater to a power transmission order in India and abroad, and also build buildings and factories in the nation.
Kalpataru Projects shares were trading 2.38% higher at ₹1,042.30 as of 9:32 a.m. on Tuesday, compared to ₹1,018.10 at the previous market close, according to NSE data.
Shares of the EPC firm, Kalpataru Projects, have delivered stock market investors 174% returns on their investment in the last five years, and over 91% returns in the last three-year period. The company's shares have gained 6.77% in one year, NSE data showed.
However, on a year-to-date (YTD) basis, Kalpataru Projects shares have lost 12.93% in 2026, and are down 13.16% in one month. The company’s shares are trading 0.67% lower over the last five market sessions.
Kalpataru Projects' stock hit its 52-week high level at ₹1,335.60 on November 6, 2025, while the 52-week low level was at ₹786.30 on April 7, 2025, as per the exchange data. The company’s market capitalisation (M-Cap) was at ₹17,990.89 crore as of the trading session on March 24.
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