The company has bagged an order in the T&D business of Rs 2,036 crore in overseas markets. It has also secured a cross country oil & gas pipeline project in India of Rs 225 crore.

Manish Mohnot, MD & CEO, KPIL, said, “We are pleased with the consistent order inflows in our T&D business. The new orders in the T&D business have strengthened our order book and improved our market position in the international markets.

The Oil & Gas business continues to strengthen its order book with a new order from a very reputed client. These orders will significantly contribute towards our targeted growth going forward.”

Kalpataru Projects International 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's consolidated net profit jumped 45.8% to Rs 156 crore on 18.1% rise in net sales to Rs 4,882 crore in Q4 FY23 over Q4 FY22.

The scrip surged 8.11% to hit the day's high at Rs 650.15, which is also an all-time high for the counter.