KPIL Starts FY24 with a Bang: Secures New Orders of Rs 1,008 Crores

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KPIL Wins New Order of Rs 1,008 Crores in T&D and Civil Business


Kalpataru Projects International Limited (KPIL), formerly known as Kalpataru Power Transmission Limited, has announced that it has secured new orders/ notification of awards worth Rs 1,008 Crores in its transmission and distribution (T&D) and civil business segments.

The company said in a regulatory filing on Friday that it has received new orders of Rs 635 Crores in its T&D business from domestic and international markets. The orders include projects for power transmission lines, substations, and rural electrification in India, Africa, and the Middle East.

KPIL also said that it has bagged civil works orders of Rs 373 Crores for building construction in India. The orders include residential, commercial, and industrial projects across various locations.

With these new orders, the company’s consolidated order inflows for the first quarter of FY24 stand at Rs 5,122 Crores. The company also said that it has a strong L1 position of over Rs 5,500 Crores, which gives it a robust business outlook for the rest of the fiscal year.

“We are pleased to see a consistent influx of new orders, particularly for our B&F and international T&D business. 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 ₹ 5,500+ Crores ensures a solid business outlook, giving us confidence in achieving our target order inflows of ₹ 26,000+ Crores for FY24,” said Manish Mohnot, MD & CEO, KPIL.

KPIL is one of the leading engineering, procurement and construction (EPC) companies in India, with a presence in over 50 countries. The company offers end-to-end solutions for power transmission and distribution, oil and gas pipelines, railways, civil infrastructure, renewable energy, and urban development.

KPIL shares were trading at Rs 533.60, up by 0.91 percent, on the BSE at 1:30 pm IST on Friday.

Conclusion
KPIL has secured new orders worth Rs 1,008 Crores in its T&D and civil business segments, which reflects its strong capabilities and reputation in the EPC industry. The company has a healthy order book and a robust L1 position, which gives it confidence in achieving its target order inflows for FY24. KPIL is well-positioned to leverage the growth opportunities in the domestic and international markets, and deliver value to its stakeholders.


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