By ashleykaren
Kalpataru Projects International, an engineering and construction company, revealed that the company, along with overseas subsidiaries and joint ventures, bagged new orders worth Rs 3,244 crore and declared its foray into the underground metro rail tunneling segment.
The firm declared that it secured an order for an underground metro rail project design and construction, marking its foray into the electric mobility business with tunnel boring machine (TBM) tunneling scope.
In addition, it got orders in the buildings & factories (B&F) business, such as KPIL’s most considerable design and building contract for a residential project in south India with a built-up area of nearly 13 million square feet from a reputed developer. Moreover, the firm got orders from overseas markets in the Transmission & Distribution (T&D) business.
Manish Mohnot, MD & CEO, KPIL, noted: “We are delighted to announce strategic order wins across diverse businesses. Our foray into underground metro rail tunneling project reaffirms our commitment to sustainable urban infrastructure development.”
He also stated that the nature of these large order wins, involving engineering scope, reflects on the company’s growing capabilities across a diversified business portfolio. Mohnot continued: “Our YTD (year till date) FY24 order inflows now stand at approximately Rs 17,685 crore, providing a robust foundation for sustained future growth.”
KPIL is one of the most extensive EPC (engineering, procurement, and construction) businesses engaged in power transmission & distribution, buildings & factories, water supply & irrigation, railways, oil & gas pipelines, urban mobility (flyovers & metro rail), highways, and airports. The company is currently running projects in over 30 countries and has a global footprint in more than 70 countries.
