Kalpataru Projects International Ltd. on Tuesday announced contract wins worth Rs 4,439 crore in the transmission and distribution (T&D) business along with its subsidiaries.
The new orders include a 400 kilovolt transmission line and associated substations in Africa, transmission line projects in India and a substation project in Sweden.
With these deal wins, the company has surpassed the annual order intake target of Rs 26,000 crore, said Managing Director and CEO Manish Mohnot.
"We are pleased to announce significant order wins from marquee clients within the rapidly expanding Power T&D sector. As a vital pillar of the global energy transition, the T&D business allows us to leverage our market-leading position and integrated capabilities to deliver world-class EPC solutions... Notably, our T&D and Buildings & Factories (B&F) businesses account for nearly 50% and 40% of FY26 year-to-date inflows, respectively, underscoring the strong growth momentum in our major businesses," he said.
Mumbai-headquartered KPIL is currently executing projects in over 30 countries and has a global footprint in 75 countries.
KPIL Share Price Movement
Shares of Kalpataru Projects gained as much as 5.4% after market open to Rs 1,073 on the NSE, compared to a 1.1% jump in the benchmark Nifty 50. The stock is up 7% in the last 12 months and down 13% year-to-date.
All 18 analysts tracking the company have a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analyst price targets is Rs 1,433, which implies a potential upside of 35%.
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