Kalpataru Projects new orders

Kalpataru Projects International Bags Rs 2,774 Crore in New Orders: Stock Surges 2% Amid Strong 2024 Growth!

Kalpataru Projects International Ltd (KPIL) continues its impressive growth journey in 2024! With new order wins worth Rs 2,774 crore, the company’s stock surged by 2% today, marking a remarkable 90% rise so far this year. But what’s behind this momentum, and what does it mean for investors? Let’s dive into the details.

Major New Orders: AAI Airport Expansion, Residential Projects & More

Kalpataru Projects International, along with its international subsidiaries, announced new orders amounting to Rs 2,774 crore. These orders include a prestigious EPC project from the Airports Authority of India (AAI) for the extension of an airport, a major step that positions Kalpataru in the growing domestic airport sector. Additionally, the company secured an order for the design and construction of a residential building in India, along with a transmission and distribution (T&D) project in international markets.

This diverse order intake highlights Kalpataru’s expanding market presence and its ability to tap into both domestic and global opportunities.

Stock Performance: A 2% Jump Today, 113% Rise in One Year!

Kalpataru’s stock jumped 2.08% today, reaching a high of ₹1,381.20 on the BSE. Investors are taking note as the stock has risen an astounding 90% so far in 2024 and an impressive 113% over the past year. This surge reflects strong confidence in the company’s future growth and its ability to consistently deliver on new projects.

CEO’s Perspective: Diversification & Growth

Manish Mohnot, MD & CEO of Kalpataru Projects International, expressed satisfaction with the company’s strong momentum, particularly in the Transmission & Distribution (T&D) and Buildings & Factories (B&F) sectors. He highlighted that the new order from the Airports Authority of India (AAI) not only marks Kalpataru’s entry into the airport infrastructure space but also diversifies its clientele, further strengthening its market position.

Mohnot added, “We are pleased with the continuous ordering momentum, especially in our T&D and B&F businesses. The prestigious order from AAI will mark our entry into the growing domestic airport sector and further diversify our clientele.”

Order Book & Growth Outlook

With these recent Kalpataru Projects new orders wins, Kalpataru Projects International’s year-to-date order intake now stands at Rs 9,800 crore. This substantial order book not only reinforces the company’s leadership in its core sectors but also provides excellent growth visibility for the future.

The company continues to focus on delivering sustainable growth and improving profitability, a strategy that is paying off handsomely as evident in its recent financial performance and stock surge.

Conclusion: Kalpataru’s Growth Story Continues

Kalpataru Projects International is clearly a company on the rise, with a diversified order book, strong market presence, and a robust growth strategy. Kalpataru Projects new orders, With its entry into new sectors like airport infrastructure and continued dominance in T&D and B&F, the future looks bright for KPIL and its investors.

As the stock continues its upward trend, Kalpataru is proving itself to be a standout performer in India’s engineering and construction landscape.

FAQs:

1.What new orders has Kalpataru Projects International recently secured?

A. Kalpataru won Rs 2,774 crore worth of new orders, including an airport extension project from AAI and a residential building construction order.

2.How much has Kalpataru’s stock gained in 2024?

A. The stock has surged by 90% so far in 2024 and is up 113% in the past year.

3.What is Kalpataru’s order intake for the year-to-date?

A. Kalpataru’s year-to-date order intake stands at Rs 9,800 crore.

4.What sectors do the new orders come from?

A. The new orders span across airport infrastructure, residential buildings, and transmission & distribution (T&D) in international markets.

5.How is Kalpataru performing in the stock market today?

A. The stock rose 2.08% today, reaching ₹1,381.20 on the BSE.

6.What role does the Airports Authority of India (AAI) project play for Kalpataru?

A. The AAI project marks Kalpataru’s entry into the domestic airport infrastructure sector, diversifying its clientele.

7.What businesses are driving Kalpataru’s growth?

A. Kalpataru’s growth is being driven by its Transmission & Distribution (T&D) and Buildings & Factories (B&F) businesses.

8.Who is Kalpataru Projects International’s MD & CEO?

A. Manish Mohnot is the Managing Director & CEO of Kalpataru Projects International.

9.How does Kalpataru plan to achieve sustainable growth?

A. The company is focused on sustainable growth by diversifying its business sectors and improving profitability.

10.What has been Kalpataru’s stock performance over the past year?

A. Kalpataru’s stock has gained 113% over the past one year, reflecting strong growth momentum.

Kalpataru Projects new orders

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