Kalpataru Projects International Ltd on Friday, January 24, said it has secured new orders worth ₹2,038 crore, across multiple sectors, including Transmission and distribution (T&D) projects in India and overseas and a significant building project in India.

The company’s shares opened 3% higher on Friday to touch ₹1137.95 on the BSE. However, the stock later pared gains.

“The continuous order inflows in the T&D business have not only strengthened our T&D order book but also improved our competitive position in key markets,” Manish Mohnot, the company’s managing director and CEO, said.

He added that with these new orders, the company’s year-to-date (YTD) order intake has surged to ₹19,361 crores, marking a significant increase in the company’s business visibility.

The company is currently executing projects across more than 30 countries and has a global presence in 75 countries. In December, Kalpataru Projects and its international subsidiaries bagged fresh orders worth ₹1,011 crore.

The company also launched a ₹1,000 crore qualified institutional placement (QIP) in December 2024, with an indicative issue price of ₹1,201 per share. The company planned to dilute 5.13% of its equity through the share sale.

The funds were proposed for repayment of outstanding borrowings and general corporate purposes. The QIP committee set the floor price at ₹1,214.98 per share.

Shares of Kalpataru Projects International were seen trading 1.12% lower at ₹1,092.6 apiece on the BSE around 10 am.

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