21 May 2024

Kalpataru Projects International zooms on inking contracts worth Rs 7550 crore

Kalpataru Projects International is currently trading at Rs. 1259.80, up by 64.00 points or 5.35% from its previous closing of Rs. 1195.80 on the BSE.

The scrip opened at Rs. 1369.95 and has touched a high and low of Rs. 1369.95 and Rs. 1255.95 respectively. So far 20938 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1369.95 on 21-May-2024 and a 52 week low of Rs. 485.00 on 30-May-2023.

Last one week high and low of the scrip stood at Rs. 1369.95 and Rs. 1149.90 respectively. The current market cap of the company is Rs. 20519.39 crore.

The promoters holding in the company stood at 40.59%, while Institutions and Non-Institutions held 51.81% and 7.60% respectively.

Kalpataru Projects International has successfully signed three contracts for the three packages of the third expansion phase of the Master Gas System Network (MGS‐3) in Saudi Arabia with ARAMCO for a contract value of around SAR 3.4 billion (presently equivalent to around Rs 7550 crore).

Earlier, the company had received Letter of Intent (LoI) from Saudi Arabia’s energy major, Aramco, for carrying out EPC work for three packages of the third expansion phase of the Master Gas System Network (MGS‐3) in Saudi Arabia. 

Kalpataru Projects International is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution.