Kalpataru shares hit a 52-week high after winning orders worth ₹2,261 Cr
Kalpataru Projects International Ltd. (KPIL) witnessed a remarkable surge, with its shares rising over 8% to reach an all-time high of ₹650.15 on Thursday. The surge was fueled by the company's recent announcement of securing new orders valued at ₹2,261 crore, in collaboration with its international subsidiaries.
The major orders include a ₹2,036 crore transmission and distribution business for overseas markets and a ₹225 crore cross-country oil and gas pipeline project within India, as disclosed by KPIL to the stock exchanges.
This follows a series of successful project acquisitions earlier this year, with KPIL and its international subsidiaries securing projects worth ₹2,477 crore in March, and Kalpataru Power bagging orders worth ₹5,641 crore in February.
The year-to-date order intake for KPIL has now reached an impressive ₹25,149 crore, marking a significant milestone for the company, as announced by Manish Mohnot in March.
Kalpataru Projects International Ltd. (KPTL) is recognized as one of the leading specialized engineering, procurement, and construction (EPC) companies, engaged in various sectors such as Power Transmission & Distribution, Buildings & Factories, Oil & Gas Pipelines, Water Supply & Irrigation, Railways, and Urban Mobility (Flyovers & Metro Rail).
The company's global footprint covers projects in more than 30 countries, with a presence in 70 countries.
KPIL's strong performance and consistent track record have garnered attention from investors and reinforced its reputation as a reliable and innovative player in the industry. With a growing order book and promising projects on the horizon, KPIL appears well-positioned to sustain its growth trajectory and continue making a significant impact in the diverse sectors it operates.
Share Market Today
|Indices Name||Price||Price Change (% change)|
|S&P ASX 200||6890.20||-53.2 (-0.77%)|
|CAC 40||6996.73||-0.32 (0%)|
|Dow Jones||33075.33||72.95 (0.22%)|
|FTSE 100||7412.45||-57.71 (-0.77%)|
|Hang Seng||17185.92||-112.54 (-0.65%)|
|US Tech 100||13187.44||122.97 (0.94%)|
|Nikkei 225||30526.88||-711.06 (-2.28%)|
|S&P 500||4249.37||19.92 (0.47%)|
|Gift Nifty||19459.50||9 (0.05%)|
|Shanghai Composite||3110.48||0 (0%)|
|Taiwan Weighted||16273.38||-180.96 (-1.1%)|
|US 30||33066.60||62.8 (0.19%)|
About the Author
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
The ₹24.98 crore IPO of Committed Cargo Care Ltd comprises entirely of a fresh issue with no offer for sale (OFS) component. It is a fixed price IPO and the IPO price has been fixed at ₹77 per share.
- Oct 04, 2023
Committed Cargo Care Ltd was incorporated in 1998 as a Third Party Logistics (TPL) provider. The company essentially specializes in handling import and export cargo and also provides integrated services pertaining to the same.
- Oct 04, 2023
Abu Dhabi's International Holding Company (IHC) has raised its stake in Adani Enterprises, leading to a surge in investor confidence and reaffirming its faith in the Indian conglomerate's growth prospects.
- Oct 04, 2023