Rs 45,918 crore order book: This multibagger civil construction company receives new orders of Rs 2,261 crore; stock hits 52-week high!
The stock gave 70 per cent returns in just 1 year, 155 per cent in 3 years and over 800 per cent in 1 decade.
Kalpataru Projects International Ltd (KPIL) announced that the company & its international subsidiaries have secured new orders of Rs 2,261 crore.
The details of the aforesaid new orders are as follows: The orders in the T&D business of Rs 2,036 crores in overseas markets and cross-country oil & gas pipeline project in India of Rs 225 crore.
Manish Mohnot, MD & CEO, KPIL, said, “We are pleased with the consistent order inflows in our T&D business. The new orders in the T&D business have strengthened our order book and improved our market position in the international markets. The Oil & Gas business continues to strengthen its order book with a new order from a very reputable client. These orders will significantly contribute towards our targeted growth going forward.”
KPIL formally known as Kalpataru Power Transmission Ltd is a global EPC player with diversified interests in power transmission and distribution, oil and gas pipelines, railways and biomass-based power generation.
Order book: As of March 31, 2023, the order book reached an all-time high of Rs 45,918 crore including an L1 position of Rs 4,000 crore. The orders include significant & strategic business wins in T&D in domestic as well as international markets and expanded civil business in international markets
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On Thursday, shares of KPIL surged 3.08 per cent to Rs 619.95 per share from its previous closing of Rs 601.40. The stock also made a new 52-week high of Rs 650.15 per share with a spurt in volume by more than 3.83 times on BSE.
The stock gave 70 per cent returns in just 1 year, 155 per cent in 3 years and over 800 per cent in 1 decade. Investors should keep an eye on this multibagger civil construction stock.
Disclaimer: The article is for informational purposes only and not investment advice.