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The new orders include civil works for a data centre and buildings in India, with a value of Rs 1,234 crore, an EPC order in the railway business in India worth Rs 754 crore, water supply projects in India worth Rs 708 crore, a residential and institutional building project in Africa worth Rs 233 crore, and orders in the T&D business worth Rs 150 crore in overseas markets.
KPTL CEO, Manish Mohnot, said: "We are excited to have our second B&F (Buildings & Factories) order in the international market, which is a big step forward for us and in‐line with our strategy to expand our civil business outside India. The orders in the Railway and Water business have enhanced the order book and improved our market position in these businesses. Our B&F business continues to strengthen and diversify its presence in new areas like data centres, educational complexes and institutional buildings."
KPTL is one of the largest specialized EPC companies engaged in power transmission & distribution, buildings & factories, water supply & irrigation, railways, oil & gas pipelines, urban mobility (flyovers & metro rail), highways and airports. KPTL is currently executing projects in over 30 countries and has a global footprint in 68 countries.
The company's consolidated net profit in Q3 FY23 witnessed a significant decline, dropping by 56.3% to Rs 118 crore from Rs 270 crore in Q3 FY22. However, the company's net sales managed to achieve a modest increase of 3% year-on-year, reaching a total of Rs 4,004 crore for the quarter ended on 31 December 2022.
Shares of KPTL declined 0.13% to Rs 0.13 on Monday, 10 April 2023.
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