Kalpataru Projects up 5.5%

Today morning, Kalpataru Projects announced that it has secured new orders worth Rs.2445 crore. There orders are along with its JVs and international subsidiaries.

The details of the aforesaid new orders are as follows:

· Orders in the Transmission & Distribution (T&D) business of Rs.2,366 crore in India and overseas markets

· Orders in the Buildings & Factories (B&F) business of Rs.79 crore.

Its order book at the end of Q3FY24 stood at Rs.620 crore.

The stock price has reacted positively to this news. The stock opened 2% higher at Rs.1010 and rose to an intraday day high at Rs.1042.85, up 5.5%.