Kalpataru Projects share price rises over 6% after ₹2,300 crore new orders in India, international markets

The stock rose as much as 6.64% to ₹978 apiece on the National Stock Exchange (NSE). At 9:57 am, it was up 5.08% to ₹963.6 per unit. Its market capitalisation stands at ₹16,456.50 crore.

The company said in an exchange filing that its transmission and distribution (T&D) business has secured international orders, while the buildings business received contracts in India.

KPIL, along with its international units, has won new orders of ₹2,306 crore, the company said. The company's order book has reached ₹22,500 crore.

Manish Mohnot, Managing Director and CEO of KPIL said, " The order inflows in the T&D business have strengthened our T&D order book and improved our presence in key overseas markets. The T&D business continues to remain robust, with strong tendering activity globally due to rising power demand, rapid expansion of renewable energy, and focus on improving grid infrastructure."

"Additionally, the order in the B&F business has helped us to further strengthen our market position. With these new orders, our order intake till date in FY25 has reached around ₹22,500 crore, providing us with a good visibility of growth in the coming quarters," he added.

KPIL is among the largest specialised engineering, procurement, and construction (EPC) firms engaged in power transmission and distribution, buildings and factories (B&F), railways, oil and gas pipelines, water supply and irrigation, urban mobility, highways and airports.

It is presently implementing projects in more than 30 countries and has a global footprint in 75 countries.

The stock has declined 27.31% year-to-date, while it fell 2.89% in the one-year period.