Page 2 - Kalpataru

Kalpataru Projects shares jump 7% on securing ₹3,789 crore worth new orders

Kalpataru Projects International shares rose 7 per cent on Monday, after the company and its subsidiaries landed fresh orders worth ₹3,789 crore

Kalpataru Projects shares up on orders worth Rs 621-cr; pops 16% in 1 month

The initial uptick in the Kalpataru Projects share price came after the company revealed that it has bagged orders with Rs 621 crore.

Kalpataru denies ties to fraudulent group misusing name after ED statement

Kalpataru Ltd. also pointed out that it is in the process of taking further legal action against the group for misusing its trademark

ED attaches ₹6.17 crore properties linked to Kalpataru Group companies

According to an official statement, all the immovable properties are in the form of residential/commercial land and are situated at Mathura in Uttar Pradesh

Kalpataru Projects shares rise over 5% on ₹2,366 crore order win

Shares of Kalpataru Projects extended gains to seventh-day while they have fallen 22 per cent this year

Rs 2,306-cr order sends Kalpataru Projects share price 7% higher; details

The rise in the Kalpataru Projects share price came after it announced that the company, along with its international subsidiaries have secured new orders of Rs 2,306 crore

Kalpataru Projects gets Rs 2,300 cr new orders in India, international mkts

Kalpataru Projects International Ltd (KPIL) on Thursday announced securing new orders worth Rs 2,306 crore in the domestic as well the international markets, taking its total order book to Rs 22,500 crore. The international orders have been bagged by its transmission & distribution (T&D) business, while the buildings business has got orders in India, KPIL said in a statement. The company along with its international subsidiaries have secured new orders/notification of Rs 2,306 crore, it said. "The T&D business continues to remain robust with strong tendering activity globally on the back of rising power demand, rapid expansion of renewable energy and focus on improvement of grid infrastructure. "The order in the B&F business has helped us to further strengthen our market position. With these new orders, our order intake till date in FY25 has reached around Rs 22,500 crore, providing us with a good visibility of growth in the coming quarters," said Manish Mohnot, MD ...

Kalpataru Projects Q3FY25 results: Net profit flat at ₹141.96 cr

KPIL's Ebitda margin for Q3FY25 was recorded at 8.4 per cent, a slight decrease from 8.6 per cent in the corresponding period last year

Axis Sec sees 25% upside in Kalpataru Projects; stock rises 3% on coverage

Shares of Kalpataru Projects International Ltd (KPIL) rose 2.79 per cent at Rs 1,312 a piece on the BSE in Friday's intraday trade

Kalpataru Projects gains over 3% after securing orders worth Rs 1,011 cr

Shares of Kalpataru Projects International Ltd (KPIL) gained 3.3 per cent at Rs 1340.95 a piece on the BSE in Wednesday's intraday trade

Kalpataru Projects Int'l Q2 results: Net profit grows 40% to Rs 125.5 crore

Kalpataru Projects International Ltd (KPIL) on Monday reported about 40 per cent rise in consolidated net profit to Rs 125.56 crore in the September quarter aided by higher income. It had posted a net profit of Rs 89.89 crore in the July-September period of the preceding 2023-24 fiscal year, the company said in an exchange filing. Its total income rose to Rs 4,946.98 crore from Rs 4,530.49 crore in the year-ago period. The company's expenses were at Rs 4,758.96 crore as against Rs 4,398.06 in the same quarter of the previous fiscal year. During the quarter, the company signed binding agreements for the sale of Vindhyachal Expressway for enterprise value of Rs 775 crore. The deal is expected to close in FY26, subject to requisite approvals and closing adjustments. In the April-September period, the company posted a net profit of Rs 249 crore compared to Rs 239 crore in the year-ago period. The company's net debt stood at Rs 2,793 crore at the end of the second quarter. In a state

Kalpataru Projects to sell Vindhyachal Expressway for Rs 775 cr; shares up

Kalpataru Projects share rose after the company entered into a definitive agreement for sale of its entire 100% stake in Vindhyachal Expressway, a WOS, to Actis Atlantic for an est EV of Rs 775 crore.

Kalpataru Projects share up over 3% on Rs 1,241-cr order win; details here

The Kalpataru Projects International share rose after the company announced that it has been awarded new orders worth Rs 1,241 crore.

Kalpataru Projects International bags Rs 2,774-cr order; share price soars

The upward movement in the Kalpataru Projects International shares came after the company announced that it has secured new orders worth Rs 2,774 crore.

Kalpataru gets notice from Afghan govt for not submitting tax declarations

Kalpataru Projects International Ltd on Tuesday said it has received a tax notice from the Afghanistan government for non-submission of certain declarations. In an exchange filing, the company said, "The branch office through its consultant... received certain tax challans from the Ministry of Finance, Afghanistan Revenue Department with the demand of payment of tax liability, additional tax and fine, due to non-submission of certain declarations for FY 2020-21 and FY 2021-22." The notice was received on August 26, it said. The authority has demanded tax liability of AFN 8,774,153 (Rs 104.59 lakh), additional tax of AFN 12,150 (Rs 0.14 lakh) and fine of AFN 166,401 (Rs 1.98 lakhs), Kalpataru Projects International Ltd said. The branch anticipates this additional tax and fine may be waived off by the Ministry of Finance once the payment towards the tax liability is discharged, it said. Last week, the company also received a tax notice from the GST authority in India. The authority

Realty firm Kalpataru Ltd files draft papers to raise Rs 1,590 cr via IPO

Real estate firm Kalpataru Ltd has filed draft prospectus with market regulator SEBI to launch its initial public offering (IPO) for raising up to Rs 1,590 crore, mainly to reduce debt. The Mumbai-based company has filed the draft red herring prospectus (DRHP) to launch its IPO, which comprises fresh issue of shares, having face value of Rs 10 each, aggregating up to Rs 1,590 crore. It would use Rs 1,192.5 crore for repayment/prepayment, in full or in part, of certain borrowings. "We are an integrated real estate development company involved in all key activities associated with real estate development, including the identification and acquisition of land (or development rights thereto), planning, designing, execution, sales, and marketing of our projects," the DRHP said. The company has a portfolio of 40 ongoing, forthcoming and planned projects comprising 49.77 million square feet area. Of these 25 projects having 22 million square feet are currently underway. While a majority o

Kalpataru Projects International Q1FY25 results: PAT falls 26% to Rs 84 cr

Kalpataru Projects International Ltd on Monday posted about 26 per cent decline in consolidated net profit to Rs 84 crore for the June 2024 quarter, dragged by higher expenses. It had clocked Rs 113 crore profit in the year-ago period, the company said in an exchange filing. The company's total income rose to Rs 4,609 crore from Rs 4,259 crore in April-June 2023-24. The expenses surged to Rs 4,472 crore from Rs 4,094 crore a year ago. KPIL is one of the largest specialised EPC companies engaged in power transmission and distribution, buildings and factories, water supply and irrigation, railways, oil and gas pipelines, urban mobility (flyovers and metro rail), highways and airports.

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.

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 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