Kalpataru Projects Lands Orders Worth ₹2,349 Crore; FY27 Inflows Cross ₹22,000 Crore

Kalpataru Projects International Limited got fresh orders and award notification worth around ₹2,349 crore on Wednesday, October 21, 2026. The new deals include power transmission & distribution (T&D) and buildings & factories (B&F) projects in India.

With these additions, the company’s cumulative order inflows for FY27 have crossed the ₹22,000 crore mark and the company is witnessing sustained project activity across its core infrastructure businesses.

Kalpataru Projects Bags New EPC Orders of ₹2,349 Crore

The latest contracts are for engineering, procurement and construction (EPC) work in two major business segments, its regulatory filing said.

The company has received orders for power T&D projects and construction-related projects under its buildings & factories division.

No individual contract values, no customer names and no project completion timelines were announced.

The latest order announcement comes on the back of another order announcement on October 13 when the company bagged contracts worth ₹2,225 crore, including ₹2,031 crore from its T&D business and ₹194 crore from an international project in Sweden.

These additions have helped the company’s revenue pipeline for the next few quarters but actual revenue recognition will depend on project execution.

FY27 Order Inflows Surpass ₹22,000 Crore

Kalpataru Projects has been seeing stable order inflows in the current financial year, supported by demand for power infrastructure and industrial construction.

A few of the key business figures are:

The company has operations in more than 75 countries with more than 250 projects under execution in over 30 countries.

The EPC portfolio of the company includes power transmission, water infrastructure, railroads, oil and gas pipelines, highways, and airports and urban infrastructure.

Kalpataru Projects Q1FY27 Financial Results

Kalpataru Projects reported consolidated revenue of ₹6,408 crore for the first quarter of FY27, showing a YoY growth of around 4%.

EBITDA grew 7% YoY to ₹562 crore while profit after tax grew around 46% YoY to ₹312 crore.

The higher profitability came with higher revenue, but the company is still in a capital-intensive business where project timelines and working capital needs can impact financial performance.

As of June 2026, consolidated net debt was ₹917 crore.

The latest order inflows add to the company’s execution pipeline but timely project completion and customer payments will remain important to convert contracts into earnings.

Kalpataru Projects Shares Fall on New Orders, Why?

Kalpataru Projects shares had climbed after Wednesday’s announcement, touching an intraday high of ₹1,379.90 on the NSE.

But the early gains did not last.

The stock eventually closed at ₹1,302.40, down 3.29% from its previous close of ₹1,346.70.

That reversal was despite the positive order news, and reflected a waning of buying interest during the session. There is nothing in the information in hand that points to any particular company-specific reason for the fall in the afternoon.

Outlook: Execution and Order Pipeline Continue to Be Key

The announcement of the order worth ₹2,349 crore adds to Kalpataru Projects’ growing FY27 business pipeline.

Opportunities for EPC companies continue to come from demand for power networks, industrial buildings and infrastructure construction.

“Key factors going forward for Kalpataru Projects will be execution of existing orders, profitability, working capital management and conversion of order book into revenue,” he said.