Kalpataru Projects International, an engineering and construction business, announced fresh orders worth Rs 3,244 crore from international subsidiaries and joint ventures, as well as its entry into the underground metro rail tunneling sector.
The firm said that it has received an order for the design and construction of an underground metro rail project, marking its entry into the electric transportation market with a TBM (tunnel boring machine) tunneling scope.
Kalpataru Projects International Ltd (KPIL), together with its joint ventures (JVs) and international subsidiaries, has received fresh orders/notifications of awards totaling Rs 3,244 crore, according to a release.
It has also received orders in the buildings and factories (B&F) market, including KPIL’s biggest-ever design and construction contract from a respected developer for a residential project in south India with a built-up area of roughly 13 million square feet.
Furthermore, the firm received orders from global markets in the Transmission & Distribution (T&D) segment.
“We are thrilled to announce strategic order wins across a wide range of businesses.” In a statement, Manish Mohnot, MD & CEO of KPIL, stated, “Our foray into underground metro rail tunneling project reaffirms our commitment to sustainable urban infrastructure development.“
According to him, the nature of these major order wins, which include technical breadth, demonstrates the company’s developing skills across a diverse portfolio of operations.
“Our YTD (year till date) FY24 order inflows now stand at approximately Rs 17,685 crore, providing a robust foundation for sustained future growth,” Mohnot said in a statement.
KPIL is one of the major EPC (engineering, procurement, and construction) firms in the world, with expertise in electricity transmission and distribution, buildings and industries, water supply and irrigation, trains, oil, and gas pipelines, urban transportation (flyovers and metro rail), highways, and airports.
The firm is now working on projects in over 30 countries and has a worldwide presence in over 70.
Kalpataru Limited is a property developer that also offers electricity transmission and distribution, civil infrastructure, and logistical services. The firm was founded in 1969 and is a subsidiary of the Kalpataru Group, a major Indian multinational.
Kalpataru Limited is an unlisted public company based in Mumbai, Maharashtra, that was founded in 1988. It has a share capital of INR 501.50 crore and a total paid-up capital of INR 139.65 crore.
The firm offers full solutions for transmission lines, oil and gas infrastructure, and railway projects, including design, testing, fabrication, installation, and construction.
