Shares of Kalpataru Projects International Ltd (KPIL) rose 4% in early morning trade on Tuesday after the company announced that it, along with its international subsidiaries, has secured new orders worth approximately ₹989 crore. As of 9:17 AM, the shares were trading 4.51% higher at Rs 1,282.60.
According to the company’s exchange filing, the orders are primarily in the Power Transmission and Distribution (T&D) segment and have been secured from overseas markets.
The development is seen as a positive trigger by investors, given the strategic importance of global T&D projects in KPIL’s growth strategy.
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