Kalpataru Projects International secures fresh orders worth over Rs 1000 cr

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Kalpataru Power Transmission Limited

Kalpataru Projects International Limited (KPIL) said on Friday that it has secured new orders totaling Rs. 1,008 crore in the domestic and international markets.

In the disbursement file, the company said incoming order inflows amounted to Rs 5,122 crore in Q1 or Q1 FY2023-24 on a consolidated basis.

Orders in T&D (Transmission and Distribution) business amounted to Rs.635 crores in India and overseas markets and Buildings civil works in India amounted to Rs.373 crores.

Manish Mohnot, Managing Director and CEO of KPIL, said, “We are pleased to see a steady influx of new orders, particularly for our international B&F and T&D business. The domestic civil business is constantly growing, and we can see promising growth prospects in the international transport and development sector.

He added that KPIL’s strong L1 position of Rs 5,500 plus crore ensures a strong business outlook, giving confidence in achieving target order inflows of more than Rs 26,000 crore for FY24.

Kalpataru Projects International Limited (KPIL) is one of the largest specialized EPC companies engaged in power transmission and distribution, buildings and factories, water supply and irrigation, railways, oil and gas pipelines, urban mobility (bridges and metros), highways and airports.

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First published: June 30, 2023 | 1:49 p.m ist