PRESS RELEASE - KPIL AWARDED NEW ORDERS OF RS. 3,789 CRORES
Awaiting price reaction for this filing.
KPIL has secured new orders and notifications of award totalling approximately Rs. 3,789 crores across two segments. The biggest highlight is the company's largest-ever Buildings and Factories (B&F) order in India, covering development of over 12 million square feet of residential buildings on a design-and-build basis. Additional orders were secured in the overseas Power Transmission & Distribution (T&D) business. KPIL is a leading EPC player operating in over 30 countries with a presence in 75 countries. The order win reflects the company's improving ability to bag large-sized projects and enhanced competitiveness backed by capex and execution capabilities, according to MD & CEO Manish Mohnot.
A sizeable Rs. 3,789 crore order inflow strengthens KPIL's order book and provides multi-year revenue visibility, especially in the B&F segment which has been a growth focus area. Generally positive for investor sentiment and short-term stock momentum, though actual financial impact depends on execution timelines.