Manish Mohnot, MD & CEO of KPIL, stated, “The new orders in our T&D business have significantly enhanced our order book, improving the growth visibility for this segment. Additionally, our B&F business has strengthened its capabilities by securing an EPC order in the metal industry from a prestigious Indian client.”
Kalpataru Projects International Limited (KPIL) announced on Tuesday that the company, along with its joint ventures (JVs) and international subsidiaries, has secured new orders worth Rs 2,333 crore. These orders include projects in the Transmission & Distribution (T&D) business both in India and overseas markets, an EPC order for an industrial plant in the metal industry, and a residential building order in India.
Manish Mohnot expressed satisfaction with the new order wins, including the company’s largest T&D order in Sweden secured through its subsidiary, LMG. He highlighted that these orders enhance the order book and growth visibility for the T&D business. The B&F business also gained momentum with an EPC order in the metal industry, reinforcing confidence in the continued significant contribution of both the T&D and B&F businesses to the company’s growth.
Earlier in March, Kalpataru Projects and its subsidiaries secured orders worth Rs 2,071 crore, including T&D business orders in overseas markets and a design and construction order for an underground metro rail project in India.
Commenting on the recent order, Amit Anwani, Research Analyst at Prabhudas Lilladher Pvt Ltd, said, “We remain positive on KPIL due to their strong order pipeline across segments, focus on geographical expansion, increasing pre-qualification for large contracts, and synergies from the merger with JMC.”