Orders at Kalpataru Projects have increased by 8% to Rs 3,244 crore

 Orders at Kalpataru Projects have increased by 8% to Rs 3,244 crore

Orders at Kalpataru Projects have increased by 8% to Rs 3,244 crore

The stock reached its 52-week high on December 04, 2023, of Rs 723.50, and its 52-week low on February 09, 2023, of Rs 480.20.

Following the company's joint ventures (JVs) and overseas subsidiaries securing contracts worth Rs 3,244 crore, shares of Kalpataru Projects International increased 8% in early trading on December 29.

Kalpataru Projects International was up Rs 52.20, or 7.92 percent, on the BSE at 9:22 a.m.

A reputable developer awarded the firm the biggest design and construction contract in the history of the building and factory (B&F) sector for the development of a massive residential building project in South India. The project has a total area of around 13 million square feet. As.

Orders for the design and construction of an underground metro rail project were obtained by the corporation, signaling its entrance into the electric mobility market with the TBM tunneling scope and orders received by its transmission and distribution (T&D) business from foreign markets. It took place.

We are happy to report victories for important orders in a number of different industries. Our involvement in the subterranean metro rail tunnel project is a further testament to our dedication to the creation of sustainable urban infrastructure. Our largest ever order victory in our B&F business further solidifies our position as a leading player in the industry, based on design and construction from a reputable developer for a major residential building project in South India. "The winning nature of these large orders connected to the engineering sector reflects our growing capabilities across our numerous lines of business," said Is. Manish Mohnot, chief executive officer and managing director of Kalpataru Projects International.

The corporation works on roads, airports, buildings and industries, irrigation and water supply, oil and gas pipelines, trains, and urban transportation (such as metro rail and flyovers).

On December 4, 2023 and February 9, 2023, the stock reached its 52-week high of Rs 723.50 and 52-week low of Rs 480.20. The stock is now trading 48.04 percent above and 1.74 percent below its 52-week high. week that follows.