KPIL AWARDED NEW ORDERS OF ₹ 2,071 CRORES

Bangalore| Thursday, 28 March 2024: Kalpataru Projects International Limited (KPIL), one of the largest Engineering & Construction companies listed in India along with its Joint Ventures (JVs) and international subsidiaries have secured new orders/notification of awards of ₹ 2,071 Crores.

The details of the aforesaid new orders are as follows:

· Orders in the Transmission & Distribution (T&D) business in overseas markets

· Order for design & construction of an underground metro rail project in India

Manish Mohnot, MD & CEO, KPIL, said, “We are happy with the new order wins, reinforcing our optimistic outlook for the T&D and Urban Infra business. The T&D orders in Brazil and underground metro rail-tunnelling order in India have significantly enhanced growth visibility for Fasttel and Urban Infra business going forward.

KPIL’s order intake (including LOAs/LOIs) in the current financial year stands at record high of ~₹30,000 Crores including some large and strategic order wins in T&D, B&F, Oil & Gas and Urban Infra business. This landmark achievement has been on several counts – intensive efforts that we have been putting in over last several years on improving our geographical footprints in high growth EPC markets, developing strong client relationships and penetrate deeper into the focused businesses on back of our strong technical and execution capabilities. Our robust order book position and established execution capabilities gives us confidence to deliver good growth going forward. ”