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Power stock jumps after it receives work orders worth ₹2,038 Cr

News by Aliceblue News Desk

24 Jan 2025

Power stock jumps after it receives work orders worth ₹2,038 Cr

Introduction:

Leading construction and infrastructure company has secured new orders worth ₹2,038 crore, strengthening its Transmission & Distribution (T&D) business. The orders, both domestic and international, contribute to its growing order book, positioning the company for future growth.

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Also Read: Best Sectors To Watch For Budget 2025

Share price movement of Kalpataru Projects:

On January 24, 2025, Kalpataru Projects International Ltd. opened at ₹1,137.95, up 2.96% from its previous close of ₹1,105.25. The stock reached a high of ₹1,137.95 (2.96%) and a low of ₹1,085.00. By 10:55 AM, it traded at ₹1,087.15, a 1.64% decrease, with a market cap of ₹18,565.54 crore.

KPIL Secures Orders Worth ₹2,038 Crore:

Kalpataru Projects International Limited (KPIL) announced securing new orders worth ₹2,038 crore, enhancing its Transmission & Distribution (T&D) business. These orders span both domestic and international markets, reinforcing KPIL’s competitive position.

The new orders, which include a building project in India, contribute significantly to KPIL’s YTD order intake of ₹19,361 crore. The company attributes this success to its strong business capabilities and consistent order wins, particularly in the T&D sector.

With a solid order book and promising pipeline, KPIL is poised for strong growth in the upcoming quarters. The company’s robust business foundation and market visibility indicate continued success and expansion.

Recent news on Kalpataru Projects:

As of December 31, 2024, Kalpataru Projects International Ltd (KPIL) secured new orders worth ₹1,011 crore, including projects in the Transmission & Distribution segment overseas. The company’s YTD order inflows exceeded ₹17,300 crore, strengthening its order book and growth prospects.

Stock performance of Kalpataru Projects for Period of 1 week, 6 months and 1 year:

Kalpataru Projects International Ltd. saw a decline of 6.15% over the past week and 18.7% over the last six months. However, it posted a strong 48.5% return over the past year, indicating solid long-term performance.

Also Read: Stocks To Watch For Budget 2025

Shareholding pattern of Kalpataru Projects:

All values in %Dec 2024Sep 2024Jun 2024
Promoter33.50%35.20%35.20%
FII12.40%10.70%10.10%
DII45.80%45.90%45.60%
Public8.20%8.10%9.10%
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About Kalpataru Projects:

Kalpataru Projects International Limited (KPIL) (NSE: KPIL) is a leading EPC company specializing in power transmission, railways, urban mobility, and infrastructure projects. Operating in over 30 countries, KPIL is known for its technical expertise and sustainability standards.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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