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The orders in the buildings & factories (B&F) business including KPIL's largest ever design & build contract for construction of a large-size residential buildings project in South India with a buildup area of approximately 13 million square feet from a reputed developer.
The firm bagged order for design & construction of an underground metro rail project, signifying the its foray into electric mobility business with TBM tunnelling scope.
It has also received orders in the transmission & distribution (T&D) business from overseas markets.
Manish Mohnot, MD & CEO, KPIL ,said, “We are delighted to announce strategic order wins across diverse businesses. Our foray into underground metro rail tunnelling project reaffirms our commitment to sustainable urban infrastructure development. Our largest ever order win in our B&F business, on design & build basis, from a reputed developer for a large residential buildings project in South India further fortifies our position as a leading player in this space. The nature of these large order wins, involving engineering scope, reflect on our growing capabilities across diversified portfolio of business.”
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’s consolidated net profit declined 8% to Rs 90 crore on 19% increase in net sales to Rs 4,518 crore in Q2 FY24 over Q2 FY23.
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