Kalpataru Projects International Limited (KPIL) shares jumped 3% in morning trade after her company received new orders worth Rs 1,241 crores.
The orders are largely for Transmission & Distribution (T&D) and Buildings & Factories (B&F) businesses in India and abroad. This brings KPIL’s YTD order inflows to more than INR 11,000 crore.
Manish Mohnot, MD & CEO, KPIL, commented, “We are happy with the robust ordering momentum. These new orders has further strengthen our order book with YTD order inflows reaching over ₹ 11,000 Crores. More importantly, nearly 80-85% of the new order inflows including L1 are from our Transmission & Distribution (T&D) and Buildings and Factories (B&F) business, which gives us good confidence to deliver sustainable growth and profitably on back of our robust capabilities, strong track record and leading market position in these businesses.”
As of 9:26 am, Kalpataru Projects International shares were trading 2.85% higher at Rs 1,406.20 on the NSE.
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