Kalpataru Projects Wins Rs 989-Crore Power Transmission, Distribution Orders
With the addition to this order, the company's order intake rose to Rs 7,150 crore in financial year 2026.
Kalpataru Projects International Ltd. secured new orders worth Rs 989 crore on Monday, the company said in an exchange filing.
The order is for the power transmission and distribution and civil infrastructure sector. The orders are from the overseas market, the company added in the exchange filing.
With the addition to this order, the company's order intake rose to Rs 7,150 crore in financial year 2026, said Mainsh Mohnot, managing director and chief executive officer at Kalpataru Projects International.
"We are pleased with the new order wins in our T&D business. We are particularly enthused by the traction in our T&D business over the past few years on the back of increased demand for grid infrastructure globally," he added.
Earlier this month, Kalpataru Projects won two projects worth Rs 3,789 crore in the power transmission and distribution and civil infrastructure sector. While the first order is in the building and factories business in India, the second order was in the power transmission and distribution segment in the overseas market.
Kalpataru Projects shares closed 0.02% higher at Rs 1,227.20 apiece. This compares with a 0.47% decline in the benchmark Nifty 50. The stock has risen 4.38% in the last 12 months and fallen 5.40% year-to-date.
Out of 17 analysts tracking the company, 15 maintain a 'buy' rating and two recommend a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 5.1%.
