Kalpataru Projects International bags orders worth Rs 3,244cr in diverse sectors
Kalpataru Projects International Limited (KPIL), one of India’s largest Engineering & Construction companies, together with its Joint Ventures (JVs) and international subsidiaries, has announced the acquisition of new orders/notification of awards totaling ₹3,244 Crores. This achievement highlights KPIL’s growing influence in the construction and infrastructure sectors both domestically and internationally.
Breakdown of the New Contracts
The new orders include:
– KPIL’s largest ever design & build contract for constructing a large-size residential buildings project in South India. The project encompasses a build-up area of approximately 13 million square feet.
– An order for the design & construction of an underground metro rail project, marking KPIL’s entry into the electric mobility business with TBM tunnelling scope.
– Additional orders in the Transmission & Distribution (T&D) business from overseas markets.
Engineering giant Kalpataru Projects International expands portfolio with new orders in construction and mobility
Leadership’s Vision and Strategy
Manish Mohnot, Managing Director & CEO of KPIL, expressed excitement over these strategic order wins across diverse businesses. The foray into the underground metro rail tunnelling project underlines KPIL’s commitment to sustainable urban infrastructure development. The largest order in the Buildings & Factories (B&F) business from a reputed South Indian developer solidifies KPIL’s position as a leader in this domain. These orders reflect KPIL’s growing capabilities in a diversified portfolio of business.
Future Growth Trajectory
With year-to-date FY24 order inflows standing at approximately ₹17,685 crores, KPIL has laid a robust foundation for sustained future growth. This expansion demonstrates KPIL’s ability to secure significant contracts in competitive sectors, showcasing its engineering prowess and commitment to infrastructure development.
KPIL’s Role in Industry Growth
Kalpataru Projects International Limited’s recent successes signal a new era of growth and development in the engineering and construction industry. The company’s strategic approach to winning diverse contracts, especially in the burgeoning sectors of urban development and sustainable infrastructure, positions it as a key player in shaping the future of construction and infrastructure in India and beyond.