Kalpatru Projects surges 5.5% on Rs 2,445-crore order wins

These orders will significantly boost Kalpataru’s order book which stood at Rs 620 crore at the end of the December quarter

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Shares of Kalpataru Projects International soared 5.5 percent in early trade on March 14 after the company announced bagging orders worth Rs 2,445 crore.

The orders were received by the company’s two verticals — transmission and distribution (T&D) and building and factories (B&F). The T&D business bagged orders worth Rs 2,366 crore in India and overseas. B&F bagged orders worth Rs 79 crore.

At 9.30 am, Kalpataru Projects was trading at Rs 1,033.55 on the NSE.

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“We continue to remain optimistic on the T&D opportunities in India given the huge thrust to boost the national transmission system, facilitating integration of renewable power. These orders will significantly strengthen our domestic T&D order book and provides good visibility for future growth,” said Manish Mohnot, MD & CEO of the company.

These order wins will significantly boost the company’s order book which stood at Rs 620 crore at the end of the December quarter.

Since then, the company has received a Letter of Intent (LoI) from Saudi
Arabia’s energy major, Aramco, for carrying out EPC (Engineering, Procurement and Construction) work for three packages of the third expansion phase of the Master Gas System Network (MGS‐3) in the country.

The project covers laying of over 800 kms of lateral gas pipeline. The exact contract value of the three packages will be confirmed upon contract execution.

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