Kalpataru Projects International Limited (KPIL) shares jumped 5% after the company, along with its international subsidiaries, secured new orders and notifications of awards worth ₹2,306 crore.
According to a stock exchange filing, the fresh orders include transmission and distribution (T&D) projects in the overseas market and building projects in India.
Manish Mohnot, MD & CEO of KPIL, highlighted the significance of these new contracts, stating:
“The order inflows in the T&D business have strengthened our order book and improved our presence in key overseas markets. The global demand for power, expansion of renewable energy, and grid infrastructure development are driving strong tendering activity.”
He further noted that the building and factories (B&F) business continues to gain momentum, strengthening KPIL’s market position.
Kalpataru Projects’ shares opened at ₹950.00, reaching a high of ₹973.10 and a low of ₹945.75. The stock remains significantly below its 52-week high of ₹1,449.00 but above the 52-week low of ₹821.30.
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