Kalpataru Tasks Wins Orders Price Rs 2,038 Crore; Shares Up 3%

January 24, 2025January 24, 2025

Shares of Kalpataru Tasks Ltd rose by 3% to the touch a day’s excessive of Rs 1,135.45 on twenty fourth January after the agency introduced that it had secured new orders value Rs 2,038 crore throughout a number of sectors, together with Transmission and Distribution (T&D) tasks in India and abroad, in addition to a major constructing venture in India.

The agency’s steady order inflows have strengthened its T&D order e-book and improved its aggressive place in key markets, in response to CEO Manish Mohnot.

The corporate’s YTD order consumption has surged to Rs 19,361 crore, enhancing its enterprise visibility.

Kalpataru Tasks executes tasks in over 30 nations and has a world presence in 75 nations. In December, the corporate and its worldwide subsidiaries secured recent orders value Rs 1,011 crore.

The corporate launched a Rs 1,000 crore Certified Institutional Placement (QIP) in December 2024, providing shares at an indicative worth of Rs 1,201 every.

The QIP goals to dilute 5.13% of its fairness, with funds for use for repaying borrowings and common company functions. The QIP committee set the ground worth at Rs 1,214.98 per share.

At 12:35 PM, the shares of Kalpataru Tasks had been buying and selling 0.92% decrease at Rs 1095.95 on NSE.

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