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The civil construction company received orders worth Rs 552 crore in India and overseas markets in the transmission and distribution (T&D) business. It also received orders in B&F business in India for Rs 424 crore.
Manish Mohnot, MD & CEO, KPIL, said, “The order winsin the T&D business helps usto further diversify our clientele and strengthen our order book particularly in the domestic T&D market. The orders in the B&F business from marquee clients reaffirms our confidence in the strong growth of thissegment. With the above orders, our YTD FY24 order inflows stand at around Rs 8,400 crore and additionally we have a strong L1 position, which gives us confidence to deliver on growth targets going forward.”
Further, the company raised Rs 150 crore by allotment of 15,000 NCDs of the face value of Rs 1 lakh each on private placement basis. The said NCDs will be listed on Wholesale Debt Market Segment of Bombay Stock Exchange (BSE).
Kalpataru Projects International (formerly known as Kalpataru Power Transmission) is a leading player in the domestic transmission and distribution (T&D) sector. The company undertakes turnkey contracts for setting up transmission lines and substations for extra-high-voltage power transmission. Over the years, it has diversified into civil contracts, railways, and oil and gas pipeline construction.
The company reported 42% increase in consolidated net profit to Rs 115 crore on 15.3% rise in net sales to Rs 4,241 crore in Q1 FY24 over Q1 FY23.
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