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The civil construction company bagged orders worth Rs 635 crore in India and overseas markets in the transmission and distribution (T&D) business. It also received civil works project for buildings in India of Rs 373 crore.
On a consolidated basis, the company's order inflows stand at Rs 5,122 crore in Q1 FY24, added the EPC company.
Manish Mohnot, MD & CEO, KPIL, said "The domestic civil business is experiencing continuous growth, and we can see promising growth prospects in the international T&D sector. Alongside these order wins, our strong L1 position of Rs 5,500+ crore ensures a solid business outlook, giving us confidence in achieving our target order inflows of Rs 26,000+ crore for FY24.”
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 rose 0.21% to Rs 529.60 on the BSE.
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