MAY 20258Kalpataru Projects International Limited (KPIL), a leading engineering, procurement, and construction (EPC) company, announced on Thursday that it, along with its subsidiaries, has secured new orders worth Rs 2,372 crore in the Power Transmission & Distribution (T&D) and Buildings & Factories (B&F) sectors. The orders span both domestic and international markets, reinforcing KPIL's strong market presence in India, the Nordics, and the Middle East.Most of the contracts are in the T&D sector, with projects in India and overseas fueled by growing energy needs and the global push for better grid systems and renewable energy. The B&F division also scored big, winning key orders in India from well-known developers, thanks to KPIL's reputation for delivering projects on time and with top-notch quality.Manish Mohnot, KPIL's Managing Director and CEO, sounded upbeat about the wins. "The orders won in the T&D business help us improve our market position in the fast-growing EPC markets of India, Nordics, and the Middle East. The repetitive orders in B&F demonstrate our strong capabilities and client trust," he said. "The repeat orders in B&F show the trust our clients have in us." Mohnot highlighted the company's focus on quality and meeting deadlines as key to staying ahead.These new orders boost KPIL's already strong order book, which was reported at Rs 61,429 crore recently. The company expects its revenue to grow at a steady 16% annually through 2026. KPIL works on a wide range of projects, from power lines and buildings to water systems, railways, oil pipelines, urban transit, highways, and airports, with operations in over 30 countries.The news sent KPIL's stock up nearly 4% today. Analysts are optimistic, with Axis Securities giving a "buy" rating and a target price of Rs 1,350, pointing to the company's solid order book and growth prospects.With these latest wins, KPIL is cementing its spot as a leader in the construction and engineering world, ready to meet the rising demand for infrastructure globally. KALPATARU PROJECTS SECURES RS 2,372 CRORE ORDERS IN POWER AND BUILDING SECTORSThe government of Maharashtra signed a Memorandum of Understanding (MoU) with the subsidiaries of Blackstone Group, XSIIO Logistics Parks and Horizon Industrial Parks. The agreement will be seen to trigger Rs 5,127 crore FDI and generate 27,510 new jobs, promoting industrial and logistics in the state.The MoU took form at the Sahyadri Guest House between Industries Secretary Dr. P Anbalagan and R K Narayanan, president of Horizon Industrial Parks. The partnership will connect the dots in scaling-up the new age i.e. modern industrial and logistics parks throughout the critical industrial hubs of Maharashtra in synergy with the Maharashtra Logistics Policy 2024.There are more than 10 logistics and industrial parks that will be built within approximately 794.2 acres that are equivalent to 1.85 crore sq. meters of land under this agreement. These parks will be located at critical locations of Nagpur, Bhiwandi (Thane), Chakan (Pune), Sinnar (Nashik), and Panvel (Raigad).Chief Minister Devendra Fadnavis highlighted the transformative potential of this partnership, emphasizing its role in creating ESG-compliant, world-class logistics hubs. "This collaboration is a step toward developing world-class, environmental-social-and-governance (ESG)-compliant industrial and logistics hubs in cities like Nagpur, Mumbai, and Pune," he said.The project will set a firm tone for manufacturing, warehousing, and supply chain brilliance in India, having immense effects on the economy of this region. MAHARASHTRA GOVT INKS RS 5,127 CR DEAL WITH BLACKSTONE TO CREATE 27,500 JOBSTOP STORIES
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