Kalpataru Projects International Ltd. saw share price fluctuations on Tuesday, initially rising nearly 5% before retreating to a nearly 1% decline following a major order win.
The company announced on Monday that it had secured new orders worth Rs 989 crore, according to an exchange filing. These orders pertain to the power transmission and distribution and civil infrastructure sectors and originate from the overseas market.
With this new addition, the company's order intake for the financial year 2026 has increased to Rs 7,150 crore, stated Manish Mohnot, chief executive officer and managing director 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.
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