announced new order wins totalling approximately ₹2,002 crore on Monday, spanning its Power Transmission & Distribution, Buildings & Factories, and Railways business verticals.
The Power Transmission & Distribution orders were secured in overseas markets, with MD & CEO Manish Mohnot specifically citing the Middle East and the Nordics as the geographies where the wins strengthen the company’s position. On the domestic front, KPIL secured repeat orders in its Buildings & Factories segment and added a fresh order in the metro rail segment under its Railways business.
“We are delighted to secure new orders across our diverse business verticals,” Mohnot said in a press release filed with BSE and NSE. “Looking ahead, we remain confident in the growth prospects of our businesses.”
The announcement did not provide a breakdown of order values across individual segments. The company described the wins as received in the normal course of business.
Despite the order announcement, KPIL shares traded sharply lower on the NSE on Monday. The stock was down ₹21.90, or 1.68 per cent, at ₹1,283.10 as of 12.23 PM, against a previous close of ₹1,305. The stock opened higher at ₹1,320 before selling pressure pushed it to an intraday low of ₹1,271.10, with sellers outweighing buyers at roughly 60:40.
KPIL currently carries a market capitalisation of approximately ₹21,912 crore. The stock has gained nearly 13 per cent over the past year and outperformed the Nifty 500 significantly over three and five-year horizons. The company operates across more than 30 countries with a presence in 75.