Kalpataru Projects International, an engineering and construction firm, has recently stated securing fresh contracts totaling Rs 3,244 crore across its domestic and international subsidiaries and joint ventures. Additionally, the company has also unveiled its entry into the domain of underground metro rail tunneling.
KPIL operates as a specialized EPC firm, involved in diverse sectors like power transmission, buildings, water supply, railways, oil & gas pipelines, urban infrastructure (including flyovers & metro rail), highways, and airports. With ongoing project execution spanning more than 30 countries, KPIL boasts a widespread global presence encompassing over 70 nations. In a recent announcement, Kalpataru Projects International Ltd (KPIL), in collaboration with its joint ventures (JVs) and overseas subsidiaries, has successfully secured new orders and notifications of awards totaling Rs 3,244 crore. The orders encompass various segments, including the buildings and factories (B&F) business. Notably, KPIL has clinched its most substantial design and building contract in the residential sector for a project in south India. The project, commissioned by a reputable developer, boasts a remarkable built-up area of approximately 13 million square feet. Additionally, there’s an acquisition for both designing and building an underground metro rail initiative, alongside orders within the Transmission & Distribution (T&D) division from international markets.
Manish Mohnot, MD & CEO, KPIL, said, “We are delighted to announce strategic order wins across diverse businesses. Our foray into underground metro rail tunneling projects reaffirms our commitment to sustainable urban infrastructure development. Our largest ever order win in our B&F business, on a design & build basis, from a reputed developer for a large residential buildings project in South India further fortifies our position as a leading player in this space.”
Mr Mohnot added, “The nature of these large order wins, involving engineering scope, reflect on our growing capabilities across a diversified portfolio of business. Our YTD FY24 order inflows now stand at approximately Rs 17,685 crore, providing a robust foundation for sustained future growth.”
