Shares of Kalpataru Projects International Limited (KPIL) surged 5% in morning trade on Monday following the announcement of new orders and awards worth approximately ₹3,789 crore. As of 9:15 AM, KPIL shares were trading at Rs 1,215.00, up 5.67%.
The highlight of the announcement is a landmark contract in the Buildings & Factories (B&F) segment in India. The order, the largest B&F contract in KPIL’s history, involves the design and construction of over 12 million square feet of residential buildings, including related infrastructure. The project will be executed on a design-and-build basis, showcasing KPIL’s integrated project delivery capabilities.
In addition to the domestic success, KPIL and its international subsidiaries also secured significant transmission and distribution (T&D) orders in overseas markets. These global contracts further solidify KPIL’s position as a leading player in the power infrastructure space and support its long-term growth strategy.
Commenting on the development, Manish Mohnot, MD & CEO of KPIL, said, ““We feel privileged to announce the receipt of the above mentioned orders especially the largest ever B&F order received by us on design and build basis, which is testament of our strong EPC capabilities in the B&F business. This prestigious achievement also has been on several counts – intensive efforts that we have been putting in past several years on improving our ability to win large size projects, and improving competiveness in the focused markets on back of capex and execution capabilities. We look forward to many such opportunities in future.”
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
