Kalpataru Projects shares fall despite securing new domestic and overseas orders worth ₹2,002 crore

Shares of Kalpataru Projects International Ltd. declined on Monday, June 1, even as the company said it has secured new orders worth around 2,002 crore.

The company, in an exchange filing, said it has, along with its international subsidiaries, secured new orders/notification of awards of approximately ₹2,002 crore.

These included:

• Orders in the power transmission and distribution (T&D) business in the overseas market.


• Orders in the buildings and factories (B&F) business in India.


• Order in the Railways business in India.

"In the T&D business, these wins strengthen our position across high growth markets in the Middle East and the Nordics. Our B&F business continues its momentum by securing repeat orders from valued clients, while the Railways business has reinforced its footprint in the metro rail segment," Manish Mohnot, the company's MD and CEO, said.

Last month, the company's director Amit Uplenchwar told CNBC-TV18 that the firm expects around 15% revenue growth in the financial year 2027 as it expands into overseas infrastructure opportunities as well as new EPC segments. Click here to read more.

Shares of Kalpataru Projects International Ltd. were trading 1.7% lower at ₹1,282.3 apiece at 9.50 am on Monday. The stock has gained 6.5% this year, so far.

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