Kalpataru Projects International Ltd (KPIL) has recorded its highest-ever order backlog of over Rs.51,753 crore, as of December 31, 2023.
According to a media release, this order book was 25 per cent higher than the comparable level as of December 31, 2022. KPIL’s order book had 61 per cent share of domestic projects with 39 per cent coming from international orders Apart from the order book, KPIL was placed L1 with respects to orders worth around Rs.6,000 crore.
Large-sized projects
Speaking on the company’s performance, Manish Mohnot, MD & CEO, KPIL, said, “We closed last quarter with an all-time high order book of Rs.51,753 crore. We have made notable strides by securing large size EPC projects in the T&D, B&F and Urban Infra business. These project places us favourably to take advantage of the huge infra development push happening in India and overseas market. Our robust order book, established capabilities and healthy tender pipeline, gives us confidence to deliver profitable growth in the coming quarters and achieve our vision for 2025.”
Order inflow
KPIL’s cumulative (year-to-date, YTD) order inflows during FY24 (April 1, 2023 to around February 7, 2024) stood at Rs.18,065 crore that included Rs.17,685 crore in 9MFY24 (April to December) and Rs.380 crore in Q4 (up to around February 7, 2024) of FY24.
The order book and order inflow discussed above includes all the business verticals of KPIL – power T&D, buildings & factories, water, oil & gas, railways and urban infrastructure.
Performance of T&D business
Here are some highlights with respect to KPIL’s power transmission & distribution business:
- Power T&D accounted for 41 per cent (or Rs.7486 crore) of the total YTD order inflows discussed above
- With respect to KPIL’s total outstanding order book of Rs.51,753 crore as of December 31, 2023, power T&D had a share of 37 per cent (or Rs.19,367 crore)
- In the power T&D business, KPIL was L1 with respect to orders worth around Rs.3,200 crore. This translated to over 50 per cent of the company’s total L1 position.
- The outstanding order book of LMG (KPIL’s subsidiary in Sweden), as of December 31, 2023, was Rs.2,099 crore, representing around 10.8 per cent of the power T&D order book.
- The outstanding order book of Fasttel (KPIL’s subsidiary in Brazil), as of December 31, 2023, was Rs.435 crore, representing around 2.2 per cent of the power T&D order book.
- KPIL foresees a strong bidding pipeline in India for its power T&D business, driven by penetration of renewable energy, following India’s target of 500 GW of RE capacity by 2030. KPIL also estimates HVDC transmission lines to be a business driver. KPIL has suggested that India would be investing over Rs.8 trillion in power transmission infrastructure, over the next 10-15 years.
- For the power T&D business, KPIL’s focus markets would be India, Middle East, Africa, Latin America and Europe.
Also read: Kalpataru Projects Reports Order Book Of Over Rs.47,000 Crore
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