Shares of Kalpataru Projects Ltd rose by 3% to touch a day’s high of Rs 1,135.45 on 24th January after the firm announced that it had secured new orders worth Rs 2,038 crore across multiple sectors, including Transmission and Distribution (T&D) projects in India and overseas, as well as a significant building project in India.
The firm’s continuous order inflows have strengthened its T&D order book and improved its competitive position in key markets, according to CEO Manish Mohnot.
The company’s YTD order intake has surged to Rs 19,361 crore, enhancing its business visibility.
Kalpataru Projects executes projects in over 30 countries and has a global presence in 75 countries. In December, the company and its international subsidiaries secured fresh orders worth Rs 1,011 crore.
The company launched a Rs 1,000 crore Qualified Institutional Placement (QIP) in December 2024, offering shares at an indicative price of Rs 1,201 each.
The QIP aims to dilute 5.13% of its equity, with funds to be used for repaying borrowings and general corporate purposes. The QIP committee set the floor price at Rs 1,214.98 per share.
At 12:35 PM, the shares of Kalpataru Projects were trading 0.92% lower at Rs 1095.95 on NSE.
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