Kalpataru Projects International Limited (KPIL) shares gained 1% to ₹1,213 on Thursday following the announcement of securing new orders worth approximately ₹719 crores on January 1, 2026. Despite the recent positive momentum, the stock remains down 8% over the last 12 months, reflecting broader market challenges in the infrastructure sector. The leading EPC player in power transmission and distribution (T&D) and civil infrastructure sector achieved this milestone along with its joint venture partners. The key project included in the latest order win is an elevated metro rail corridor in Thane, Maharashtra, marking a strategic expansion in the company's urban infrastructure portfolio.
Manish Mohnot, Managing Director and CEO of KPIL, expressed satisfaction with the new order acquisition, particularly highlighting its significance for the Urban Infrastructure business vertical. According to recent reports, Mohnot stated that "We are delighted with the new order win in our Urban Infrastructure business. The elevated metro rail order in Thane has strengthen our presence in the growing urban transportation EPC business, reinforcing our confidence in the growth potential of our Urban Infra business in India." The management emphasized that their strong order intake, diversified order book, and robust execution capabilities position the company favorably to deliver on growth targets in the coming quarters.
Despite the positive order wins, the company continues to navigate challenges in the water infrastructure segment. Projects linked to the Jal Jeevan Mission account for around 10% of the firm's total order book, with receivables above ₹1,000 crores due to payment delays. According to recent reports, Company director Amit Uplenchwar indicated that the firm's diverse business mix will help manage current challenges while maintaining focus on growth in the transmission and distribution (T&D) sector. The total order value of ₹719 crores was secured through joint venture partnerships, though specific share allocation details have not been disclosed.
KPIL operates as one of the largest specialized EPC companies with expertise across multiple sectors including Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility, Highways, and Airports. The company maintains an extensive global presence, currently executing projects in over 30 countries with a footprint spanning 75 countries worldwide. The company falls under the Large Cap category and has delivered 128% returns over the past 5 years despite recent market volatility.
The new order reinforces KPIL's leadership position in its major business segments, supported by strong organizational capabilities, superior technical expertise, and adherence to best-in-class sustainability standards. The urban transportation sector order particularly aligns with India's growing infrastructure development initiatives and metro rail expansion projects across major cities. This development strengthens the company's presence in the growing urban transportation EPC business, with the elevated metro rail project in Thane representing a key strategic expansion in Maharashtra's urban infrastructure development.
