Kalpataru secures ₹2,333 crore order; stock rises

Kalpataru Projects International Limited (KPIL)along with its joint ventures (JVs) and international subsidiaries, secured a new work order worth ₹2,333 crore.

The order pertains to the transmission and distribution (T&D) business in India and overseas markets.

Manish Mohnot, MD and CEO, KPIL, said, “We are happy with the new order wins in our T&D business, including our largest order in Sweden secured through subsidiary LMG.”

Kalpataru stock rose 1.41 per cent on the NSE, trading at ₹1,189.90 as of 10.17 am.

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