Shares of Kalpataru Projects International Ltd soared 4% on 1 July after the company announced securing orders worth Rs 989 crore in the international market. 

The company and its international subsidiaries have received fresh orders/notification of awards in the Power Transmission & Distribution (T&D) segment worth approximately Rs 989 crore in the overseas market.

Manish Mohnot, MD & CEO of the company, said, “We are pleased with the new order wins in our T&D business. We are particularly enthused by the traction in our T&D business over the past few years on back of increased demand for grid infrastructure globally.”

“We are equipped to leverage the T&D opportunity given our execution prowess and global expertise across the T&D EPC value chain ranging from design, engineering, testing, tower manufacturing, installation and commissioning. With these new orders, our order intake till date in FY26 has reached ~ Rs 7,150 crore, giving us good visibility for growth going forward,” he added.

Kalpataru Limited, a subsidiary of the Kalpataru Group, makes its stock market debut today, with gray market projections indicating a muted launch.

The Mumbai-based real estate company had launched its first IPO to raise up to Rs 1,590 crore through a fresh offering of shares at a price band of Rs 387-414 per share. The real estate developer’s Rs 1,590-crore IPO had good investor interest during its three days of public bidding, with 2.26 times subscribed between June 24 and 26.

However, at 12:30 pm, the shares of Kalpataru Projects were trading 1.43% lower at Rs 1,209.60 on NSE.

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