Latest news with #KalpataruProjects
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Business Standard
21 hours ago
- Business
- Business Standard
Kalpataru Projects shares jump 7% on securing ₹3,789 crore worth new orders
Shares of Kalpataru Projects International Ltd. soared over 7 per cent in intraday trade on Monday, after the company and its subsidiaries landed fresh orders worth ₹3,789 crore. The company's stock rose as much as 7.32 per cent during the day to ₹1,234 per share, the biggest intraday gain since May 12 this year. The stock pared gains to trade 4 per cent higher at ₹1,195.3 apiece, compared to a 0.47 per cent advance in Nifty 50 as of 11:36 AM. Shares of the company have risen nearly 12 per cent from their recent lows of ₹1,074, which it hit last month. The counter has risen 7.3 per cent this year, compared to a 6.25 per cent advance in the benchmark Nifty 50. Kalpataru Projects has a total market capitalisation of ₹20,548.21 crore. Track LIVE Stock Market Updates Here Kalpataru Projects lands ₹3,789 crore fresh orders Kalpataru Projects, along with its international subsidiaries, has secured new orders worth approximately ₹3,789 crore, according to an exchange filing on Monday. The orders include major contracts in the Buildings and Factories (B&F) segment in India, featuring the company's largest-ever B&F order for the development of over 12 million square feet of residential buildings and associated facilities on a design-build basis. Additionally, KPIL has won power transmission and distribution (T&D) orders in overseas markets. "We feel privileged to announce the receipt of the orders, especially the largest ever B&F order received by us on design and build basis, which is a testament to our strong EPC capabilities in the B&F business," Manish Mohnot, managing director and chief executive officer. "This prestigious achievement also has been on several counts – intensive efforts that we have been putting in past several years on improving our ability to win large-sized projects, and improving competitiveness in the focused markets on the back of capex and execution capabilities. We look forward to many such opportunities in future.' About Kalpataru Projects Kalpataru Projects is a leading Engineering, Procurement, and Construction (EPC) company, specialising in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (including Flyovers & Metro Rail), Highways, and Airports. With ongoing projects in over 30 countries and a presence in 75 countries worldwide, KPIL has established a strong global footprint.
Business Standard
15-05-2025
- Business
- Business Standard
Kalpataru Projects shares jump 5% on order wins worth ₹2,372 crore
Shares of Kalpataru Projects International rose nearly 5 per cent on Thursday after the company, along with its international subsidiaries, bagged two orders worth ₹2,372 crore. Kalpataru Projects stock rose as much as 4.96 per cent during the day to ₹1,069 per share. The stock pared gains to trade 3.3 per cent higher at ₹1,053 apiece, compared to a 0.09 per cent decline in Nifty50 as of 12:06 PM. Shares of the company extended gains to a fourth day while they have fallen 19 per cent this year, compared to a 3.6 per cent rise in the benchmark Nifty 50. Kalpataru Projects has a total market capitalisation of ₹17,982.3 crore. Catch Stock Market LIVE Updates Today Kalpataru Projects order wins The engineering and construction company, along with its international subsidiaries landed new orders worth ₹2,372 crore. The firm bagged orders in the power transmission and distribution business in India and overseas markets, and the domestic buildings and factories business, according to an exchange filing. 'We have started FY2026 maintaining positive momentum, with noteworthy order wins in our T&D and B&F business. The orders wins in the T&D business helps us to improve our market position in the fast-growing EPC markets of India, Nordics and the Middle East," Manish Mohnot, managing director and chief executive officer, said in the statement. "We remain highly optimistic on the growth prospects of the power transmission and civil business on the back of robust business visibility and established execution capabilities.' About Kalpataru Projects Kalpataru Projects is a leading Engineering, Procurement, and Construction (EPC) company, specialising in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (including Flyovers & Metro Rail), Highways, and Airports. With ongoing projects in over 30 countries and a presence in 75 countries worldwide, KPIL has established a strong global footprint. In the third quarter earnings, Kalpataru Projects posted a marginal 0.58 per cent rise in consolidated net profit due to a higher increase in revenue for the quarter ended December 31, 2024. The construction company's net profit was recorded at ₹141.96 crore for Q3FY25. Revenue from operations rose 17.1 per cent to ₹5,732.48 crore for Q3FY25, compared with ₹4,895.82 crore in the corresponding period last year. Expenses increased at a slower pace, rising 3.4 per cent to ₹5,540.74 crore for Q3FY25, compared with ₹4,717.38 crore in the previous year. ALSO READ:
Reuters
07-03-2025
- Business
- Reuters
Indian benchmarks set for muted start after 2 days of gains
March 7 (Reuters) - Indian benchmarks may open little changed on Friday after two sessions of gains, but the sentiment will likely be downbeat, tracking other Asian stocks, ahead of the U.S. labour market data. The GIFT Nifty futures were trading at 22,549.50 as of 07:43 a.m. IST, indicating that the blue-chip Nifty 50 (.NSEI), opens new tab will likely open near Thursday's close of 22,544.70. The Nifty 50 and BSE Sensex (.BSESN), opens new tab rose about 2% each in the last two sessions on hopes of some relaxation in U.S. tariffs on Canada and Mexico, a drop in oil prices and bargain hunting after the recent fall. After Indian market hours on Thursday, U.S. President Donald Trump suspended the 25% tariffs on most goods from Mexico and Canada, marking another twist in a fluctuating trade policy that has whipsawed the global financial markets. Uncertainty will prevail until clarity emerges on reciprocal tariffs, which will directly impact India, analysts said. Despite the last two sessions' gains, foreign investors have remained sellers, taking the total year-to-date sell-off in Indian equities to $15.6 billion. Investors will be particularly cautious as they await key U.S. jobs data and Federal Reserve Chair Jerome Powell's speech, both scheduled for after-market hours. Most Asian markets fell in early trades, with the MSCI Asia ex Japan (.MIAPJ0000PUS), opens new tab losing 0.8%. Overnight, Wall Street equities slipped, with Nasdaq Composite index (.IXIC), opens new tab confirming a correction. A global bond market sell-off continued, a day after the 10-year German Bund yield saw its biggest rise since the 1990s after Germany's spending pledge. STOCKS TO WATCH ** Kalpataru Projects ( opens new tab gets orders worth 23.06 billion rupees ($265 million) ** Bharat Electronics ( opens new tab wins orders worth 5.77 billion rupees ** India's consumer products distributors file anti-trust case against big fast-delivery businesses Zomato ( opens new tab, Swiggy ( opens new tab and Zepto over discounts ** Brigade Enterprises ( opens new tab launches premium residential project in Chennai with a revenue potential of 17 billion rupees ($1 = 87.0110 Indian rupees)
