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

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.