The outstanding order book position of Kalpataru Projects International Ltd (KPIL), as of June 30, 2023, was 28 per cent higher than the comparable level of 2022.
In a release, KPIL said that its overall outstanding order book position as of June 30, 2023, at Rs.47,332 crore, was around 28 per cent higher than the comparable level of June 30, 2022.
During Q1 (April to June) of FY24, KPIL received new orders worth Rs.5,122 crore. Moreover, during Q2 of FY24, up to around August 11, 2023, KPIL received further order worth Rs.2,261 crore, taking the cumulative FY24 order inflow to Rs.7,383 crore. Besides, Kalpataru Projects International is in L1 position with respect to orders aggregating over Rs.4,000 crore.
Power T&D business
Of the FY24 cumulative year-to-date order inflow of Rs.7,383 crore, power T&D accounted for around 38 per cent, or Rs.2,814 crore in value terms. These orders include those booked by KPIL’s international subsidiaries LMG and Fasttel.
KPIL said that with respect to its power T&D activities, business traction remains strong in both domestic and international markets. The company has estimated a near-term order pipeline of Rs.25,000 crore in the domestic market and over $2.5 billion in the international market.
With respect to KPIL’s overseas T&D business, the company entered new markets in Latin America and Europe during Q1 of FY24. Incidentally, KPIL, during the first quarter of FY24, completed the acquisition of the balance equity stake of 49 per cent in Fasttel, Brazil. As of June 30, 2023, Fasttel had an order book of Rs.640 crore and LMG, KPIL’s subsidiary of Sweden, LMG, had an outstanding order book of Rs.1,394 crore.
For a frame of reference, the combined order book of Fasttel and LMG, represented nearly 13 per cent of KPIL’s power T&D order book, as of June 30, 2023.
Also read: Kalpataru Wins New Orders Worth Over Rs.1,000 Crore
Positive outlook
Ordering activity remains positive across all our business verticals, as we have already secured orders worth Rs.7,383 crore and additionally have an L1 position of over Rs.4,000 crore. Our robust financial profile combined with a well-diversified order backlog of Rs.47,332 crore positions us favourably for future growth and profitability,” according to Manish Mohnot, MD & CEO, Kalpataru Projects International Ltd.
Featured photograph (source: Kalpataru Projects International) is for representation only.
