In a surprising turn of events, Kalpataru Projects International witnessed a significant surge of 4 percent in early trade on October 16. The cause for this sudden boost was the company’s groundbreaking announcement of securing orders amounting to a staggering Rs 2,217 crore.
This substantial influx of orders was split between Kalpataru’s transmission and distribution (T&D) segment, which successfully bagged orders worth Rs 1,993 crore, and its building and factories (B&F) business, which secured orders totaling Rs 224 crore.
As of 11:55 am, the market reflected this triumph. Kalpataru Projects was trading at Rs 682.80 on the National Stock Exchange, marking an impressive 3.63 percent increase from the previous day’s figures.
“We are delighted with the significant order wins, resulting in our total order inflows reaching Rs 10,616 crores in the current financial year. Our flagship T&D business has secured noteworthy order inflows of around Rs 5,400 crores till date in FY24, which provides good visibility for growth going forward,” Kalpataru Projects MD & CEO Manish Mohnot said in an exchange filing. (moneycontrol report)
