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Kalpataru Projects records new all-time high order book

 

 

Kalpataru Projects International Ltd (KPIL) recorded its new all-time high order book of Rs.58,415 crore, as of March 31, 2024. The company’s order book, as of December 31, 2023, stood at Rs.51,753 crore, which was also the all-time high then.

In an investor presentation, KPIL said that its overall outstanding order book of Rs.58,145 crore, as of March 31, 2024, was the result of robust business activity in power T&D, oil & gas, and the civil construction business.

During FY24, KPIL recorded order inflow of Rs.30,022 crore that was up 19 per cent over the comparable level in FY23. Besides, Kalpataru Projects was L1 with respect to orders exceeding Rs.5,000 crore.

 

Momentous year

Commenting on the company’s performance, Manish Mohnot, MD & CEO, KPIL, said, “FY24 has been momentous year for KPIL. We have delivered robust performance, marking highest ever consolidated revenue, EBITDA and order book in our history, reaching Rs.19,626 crore, Rs.1,628 crore and Rs.58,415 crore, respectively. This achievement, coupled with our commitment to pursue profitable growth and efficiently manage our working capital, ensured we deliver stable margins, maintain prudent debt level and improve working capital cycle, underscoring our efficiency and agility.

As we move forward, we will continue to strengthen our position in the T&D and civil construction sector given the huge impetus on renewable energy and infrastructure development in India and globally. Our strong order book and diversified business mix gives us confidence to sustain growth momentum in FY25 and beyond.”

 

Power T&D business

Here are some operational highlights of KPIL with respect to the power T&D sector:

Also read: Kalpataru Projects Wins New Orders Worth Over Rs.2,400 Crore

Featured photograph (source: KPIL) is for representation only.

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