Rs 51,753 crore order book and DIIs increase stake: This multibagger civil construction company bags new orders worth Rs 2,445 crore!
The stock has gained more than 50 per cent in the last six months.
Kalpataru Projects, a leading Indian engineering and construction company, secured new orders worth Rs 2,445 crores. These wins come from their joint ventures, international subsidiaries, and both their domestic and overseas T&D (Transmission & Distribution) and B&F (Buildings & Factories) divisions. The T&D segment secured the lion's share with Rs 2,366 crores, while B&F contributed Rs 79 crores. This significant achievement strengthens their order book and boosts future growth prospects.
The company recently secured a whopping Rs. 3,244 crores in new orders through JVs, subsidiaries, and the company itself. This includes KPIL's biggest-ever project, a massive residential complex in South India, spanning 13 million square feet, for a renowned developer.
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Not just buildings, KPIL also making its mark in electric mobility. The company bagged an order for an underground metro rail project, marking their entry into this crucial sector with specialized TBM tunnelling expertise.
The company has a strong revenue outlook for the medium term, with consolidated orders worth Rs 51,753 crore as of December 31, 2023. Favourable prospects for international and domestic T&D, building construction, water, and urban infrastructure space should continue to support the business. The company has also delivered multibagger returns of over 150 per cent in the last three years and DIIs have increased their stake in the company to 43.81 per cent in December 2023 respectively.
Kalpataru Projects International Limited is engaged in the business of power transmission and distribution, oil & and gas pipeline, railways, infrastructure development, civil contracting and warehousing, and logistics business with a strong international presence in power transmission & and distribution.
Disclaimer: The article is for informational purposes only and not investment advice.
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