Shares of Kalpataru Projects International Ltd gained 2% on 10 December after the company announced receiving new orders for Rs 2,003 crore, bringing the yearly order book to Rs 17,000 crore.  

Kalpataru Projects has received fresh contracts worth Rs 2,003 crore for its buildings, manufacturing, and power transmission companies. The corporation announced the wins on Wednesday, stating that the projects were granted to KPIL and its overseas subsidiaries.  

The order inflows include contracts in India’s Buildings and Factories (B&F) segment, as well as electricity transmission and distribution (T&D) projects both locally and internationally, according to an exchange filing.

“The orders in the B&F business have strengthened our portfolio in the residential and hospital projects and further improved our leadership in the B&F market in India,” Manish Mohnot, managing director and chief executive officer, said. “Additionally, the new orders in the T&D business reflect our expanding footprint in India and the overseas T&D market.”

With these order wins, the company’s YTD order intake stands over Rs 17,000 crore, “providing good visibility for growth in the coming quarter.”

Kalpataru Projects International is a leading EPC company that specialises in power transmission and distribution, buildings and factories, water supply and irrigation, railways, oil and gas pipelines, urban transport (flyovers and metro rail), highways, and airports.

However, at 12:49 pm, the shares of Kalpataru Projects shed all their early gains and were trading 0.67% lower at Rs 1,165.10 on NSE.

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