May 24, 2024

Kalpataru Tasks Worldwide luggage orders price Rs 3,244 crore; forays into metro tunnelling section

Engineering and development agency Kalpataru Tasks Worldwide mentioned the corporate together with abroad subsidiaries and joint ventures bagged new orders price Rs 3,244 crore and likewise introduced its foray into underground metro rail tunnelling section.

The corporate mentioned it secured an order for design and development of an underground metro rail challenge, marking its foray into electrical mobility enterprise with TBM (tunnel boring machine) tunnelling scope.

Story continues beneath Commercial

In response to a press release, Kalpataru Tasks Worldwide Ltd (KPIL) together with its joint ventures (JVs) and abroad subsidiaries has secured new orders/notification of awards of Rs 3,244 crore.

It has additionally acquired orders within the buildings & factories (B&F) enterprise, together with KPIL’s largest ever design and constructing contract for a residential challenge in south India with a built-up space of roughly 13 million sq. ft from a reputed developer.

In addition to, the corporate acquired orders within the Transmission & Distribution (T&D) enterprise from abroad markets.

“We’re delighted to announce strategic order wins throughout various companies. Our foray into underground metro rail tunnelling challenge reaffirms our dedication to sustainable city infrastructure growth,” mentioned Manish Mohnot, MD & CEO, KPIL, mentioned within the assertion.

The character of those massive order wins, involving engineering scope, displays on the corporate’s rising capabilities throughout diversified portfolio of enterprise, he mentioned.

“Our YTD (12 months until date) FY24 order inflows now stand at roughly Rs 17,685 crore, offering a strong basis for sustained future progress,” Mohnot added.

Story continues beneath Commercial

Story continues beneath Commercial

KPIL is without doubt one of the largest EPC (engineering, procurement and development) corporations engaged in energy transmission & distribution, buildings & factories, water provide & irrigation, railways, oil & fuel pipelines, city mobility (flyovers & metro rail), highways and airports.

The corporate is at the moment executing initiatives in over 30 nations and has a world footprint in over 70 nations.