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Kalpataru Projects International Ltd News

CDSL, KPIL, Brigade: 4 midcap stocks that can fall over 14% from here

The key momentum oscillators of these four NSE smallcap stocks are showing a negative divergence; hence these stocks are likely to trade with a downward bias in the near term.

CDSL, KPIL, Brigade: 4 midcap stocks that can fall over 14% from here
Updated On : 19 Jun 2024 | 1:04 PM IST

Kalpataru Projects International board to raise Rs 300 cr through NCDs

Kalpataru Projects International on Monday said its board has approved the proposal to raise Rs 300 crore through the issuance of Non-convertible Debentures (NCDs) on private placement basis. A total of 30,000 NCDs of face value of Rs 1,00,000 each, aggregating to Rs 300 crore is proposed to be issued, a BSE filing stated. According to the filing, the Executive Committee of the Board of Directors at its meeting held today has approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures of Rs 300 crore on private placement basis. The NCDs will be listed at the Wholesale Debt Market Segment of BSE Ltd. The deemed date of allotment is June 13, 2024, while its final redemption (100 per cent) will be done by June 11, 2027. The coupon/interest offered is 8.35 per cent per annum.

Kalpataru Projects International board to raise Rs 300 cr through NCDs
Updated On : 10 Jun 2024 | 1:21 PM IST

Kalpataru Projects Board to meet on June 10 to mull fund raise; stock up 6%

The surge came after the company announced that its board will meet on June 10 to approve raising of funds by way of issuance of Non Convertible Debentures (NCDs) on private placement basis

Kalpataru Projects Board to meet on June 10 to mull fund raise; stock up 6%
Updated On : 06 Jun 2024 | 11:07 AM IST

Kalpataru Projects soars 15% on inking Rs 7,550 cr pact with Aramco

On March 5, 2024, KPIL had said the company selected for engineering, procurement and construction (EPC) contracts by Aramco for MGS-3 project.

Kalpataru Projects soars 15% on inking Rs 7,550 cr pact with Aramco
Updated On : 21 May 2024 | 10:25 AM IST

Kalpataru Projects Q4 results: Net profit rises 21% to Rs 169 crore

Kalpataru Projects International on Wednesday posted about 21 per cent rise in its consolidated net profit to Rs 169 crore for the March quarter, mainly on the back of higher revenues. Its consolidated profit was Rs 140 crore in the year-ago quarter, a BSE filing showed. The total income of the company rose to Rs 5,991 crore in the fourth quarter from Rs 4,896 crore a year ago. For the fiscal 2023-24, its consolidated net profit rose to Rs 516 crore from Rs 435 crore in the year-ago period. In FY24, its total income increased to Rs 19,690 crore from Rs 16,401 crore in 2022-23. The company's board also recommended a final dividend of Rs 8 per equity share of the face value of Rs 2 each (ie 400 per cent) for the financial year ended March 2024, subject to approval by shareholders at the ensuing annual general meeting (AGM). The company will inform, in due course, the date on which it will hold the AGM for the year ended March 2024 and the date from which the dividend will be paid.

Kalpataru Projects Q4 results: Net profit rises 21% to Rs 169 crore
Updated On : 08 May 2024 | 7:32 PM IST

Kalpataru Projects bags orders worth Rs 2,071 cr for metro tunnel project

Engineering firm Kalpataru Projects International Ltd(KPIL) on Thursday said the company and its arms have bagged orders worth Rs 2,071 crore for power transmission and distribution and construction of an underground metro rail tunnel project. KPIL is one of the largest specialised EPC (engineering procurement construction) companies engaged in power transmission and distribution, railways, highways, and airports, among others. According to a statement, KPIL and its joint ventures (JVs) and international subsidiaries have secured new orders/notification of awards of Rs 2,071 crore. The new orders include orders in the transmission & distribution (T&D) business in overseas markets. Besides, it has also received an order for the design and construction of an underground metro rail project in India. Manish Mohnot, MD & CEO of Kalpataru Projects International Limited (KPIL), said, "The T&D orders in Brazil and underground metro rail-tunnelling order in India have ...

Kalpataru Projects bags orders worth Rs 2,071 cr for metro tunnel project
Updated On : 28 Mar 2024 | 7:51 PM IST

Kalpataru Projects International to lay 800 kms gas pipeline for Aramco

Kalpataru Projects International on Tuesday said it has secured an order from Saudi Arabia's energy major Aramco for laying 800 kilometres of gas pipeline. Kalpataru Projects International Ltd (KPIL) has received the letter of intent (LoI) from Aramco for carrying out engineering, procurement and construction works for three packages of the third expansion phase of the Master Gas System Network (MGS-3) in Saudi Arabia, KPIL said in a statement. The EPC work scope covers laying of over 800 kms of lateral gas pipeline, it said, adding that the value of the project will be confirmed upon contract execution. MGS-3 project aims to expand the existing gas network to supply gas to various industrial consumers. This expansion is expected to enhance Aramco's ability to meet the growing energy demand in Saudi Arabia and replace liquid fuel burning, contributing to Saudi Arabia's drive towards a diverse energy mix. Having roughly two decades of experience in cross-country pipelines, processin

Kalpataru Projects International to lay 800 kms gas pipeline for Aramco
Updated On : 05 Mar 2024 | 11:01 AM IST

Kalpataru Projects Q3 results: Profit rises over 32% to Rs 144 crore

Engineering major Kalpataru Projects International (KPIL) on Wednesday reported over 32 per cent jump in its consolidated net profit to Rs 144 crore in December quarter compared to a year ago mainly on the back of higher revenues. Its profit stood at Rs 109 crore in the quarter ended on December 31, 2022, a regulatory filing showed. Total income increased to Rs 4,910 crore in the December quarter from Rs 4,006 crore in the same period a year ago. The board in its meeting on Wednesday, approved the proposal for issuance of secured/unsecured redeemable Non-Convertible Debentures up to Rs 300 crores by the company in one or more tranches. The company said in a separate statement that it received new orders of Rs 380 crores in Q4 FY24 till date and YTD (Year to Date) FY24 order inflows stand at Rs 18,065 crores. The order book at Rs 51,753 crores as on December 31, 2023, an increase of 25 per cent YoY (Year on Year). Manish Mohnot, MD & CEO, KPIL said,"KPIL has delivered another ...

Kalpataru Projects Q3 results: Profit rises over 32% to Rs 144 crore
Updated On : 07 Feb 2024 | 5:35 PM IST