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Power stock in focus after it receives new orders worth ₹2,273 Cr

A power stock clinched Rs 2,273 crore in new orders, boosting its T&D and residential projects across global and domestic markets, marking significant growth in the infrastructure sector.

Introduction:

A power stock has recently secured new orders worth Rs 2,273 crore, enhancing its Transmission & Distribution and residential building ventures in both Indian and international markets, signifying a strong upward trajectory in the infrastructure sector.

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Share Price movement of KPIL:

As of today, November 13, KPI Ltd’s share price opened at ₹1257.90 and reached an intraday high of ₹1270.20. The stock later dipped to a low of ₹1180.35 before stabilising at the current price of ₹1195.80, showing significant trading volatility.

KPIL Secures Rs 2,273 Crore in New Orders:

Kalpataru Projects International announced on Wednesday that it has secured orders totaling Rs 2,273 crore. These orders will boost its Transmission & Distribution (T&D) business and include projects both in India and international markets, along with residential building projects domestically.

The company, known as a power stock, confirmed that the new orders are spread across its joint ventures and international subsidiaries. This significant acquisition of contracts is expected to enhance Kalpataru’s standing in the infrastructure sector.

According to a company statement, Kalpataru Projects International Ltd (KPIL) and its associates have successfully received notifications of awards amounting to Rs 2,273 crore. This inflow of projects underlines the company’s robust growth trajectory and reinforces its market presence.

Recent news About KPIL:

In October 2024, KPIL reported a 39.7% year-on-year increase in net profit for Q2 FY25, reaching ₹125.6 crore, attributed to strong execution and a healthy order backlog.

Additionally, in November 2024, KPIL crossed ₹200 crore through the issuance of non-convertible debentures, aiming to strengthen its financial position and support ongoing projects

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

Over the past week, KPIL’s stock has decreased by 2.72%. Over the last six months, it has seen a modest increase of 3.32%. However, looking over the past year, the stock has impressively gained 88.5%, indicating strong long-term growth.

Shareholding pattern of KPIL:

All values in %Sep-24Jun-24Mar-24
Promoters35.2435.2440.59
FII10.7110.068.17
DII45.9345.6143.64
Retail & others8.149.097.6

About KPIL Industries:

Kalpataru Projects International Limited (KPIL) is a leading engineering, procurement, and construction (EPC) company specialising in power transmission and distribution, buildings and factories, water supply and irrigation, railways, oil and gas pipelines, urban mobility, highways, and airports, serving clients both in India and internationally

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