veteran Engineering and construction company Kalpataru Projects International Limited (KPIL) has achieved a major success. The company said on Friday that it has received new contracts worth a total of Rs 2038 crore. KPIL said that it has won these contracts in collaboration with its other international subsidiary companies. According to a statement issued by Kalpataru Projects International, these new contracts are in the transmission and distribution business in India and overseas markets apart from construction projects in India.
Company’s contracts reached Rs 19,361 crore on annual basis
KPIL MD and CEO Manish Mohnot said in a statement, “With these new contracts, our contracts have reached Rs 19,361 crore on an annual basis, which reflects a tremendous increase in business visibility.” One of the largest EPC (engineering, procurement and construction) companies. This company is currently working on different projects in more than 30 countries. Kalpataru Projects International Limited has a global presence in 75 countries.
There is a big decline in the company’s shares on Friday
Despite getting contracts worth crores of rupees, there is a big fall in the company’s shares on Friday. As of 01.09 PM today, shares of Kalpataru Projects International were trading at Rs 1084.05, down Rs 21.20 (1.92%). The company’s shares, which closed at Rs 1105.25 on Thursday, opened today with a good gain at Rs 1137.95. However, it started declining since the beginning of the business. During trading today, the intraday high of the company’s shares was Rs 1137.95, the price at which it had opened. Whereas its intraday low has reached Rs 1078.15. The 52 week high of the company’s shares is Rs 1449.15.
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