Indian stocks slipped into the red after midday on Wednesday as investors awaited the US Federal Reserve's monetary policy decision later in the day.
At 12:36 PM, the BSE Sensex stood at 84,493.81, down 172.47 points or 0.20%, while the Nifty50 was at 25,778.25, declining 61.40 points or 0.24%.
Meanwhile, Kalpataru Projects International Limited (KPIL), a leading name in the Engineering, Procurement, and Construction (EPC) sector, has announced significant new order wins totaling approximately ₹2,003 Crores. The orders, including notifications of awards, further strengthen the company’s diversified portfolio across critical infrastructure sectors, both in India and overseas.
The newly secured projects span multiple business segments:
Manish Mohnot, MD & CEO, KPIL, said, “We are pleased with the continuous order inflows in the T&D and B&F businesses. The orders in the B&F business have strengthen our portfolio in the residential and hospital projects and further improved our leadership in the B&F market in India . Additionally, the new orders in the T&D business reflect our expanding footprint in the India and overseas T&D market. With these order wins, our YTD order intake stands around ₹17,000 Crores, providing good visibility for growth in the coming quarters.”
With these latest additions, KPIL’s Year-to-Date (YTD) order intake has reached approximately ₹17,000 Crore.
In Q2 FY26, the company reported its highest-ever second-quarter revenue, with consolidated revenue rising 32% YoY to ₹6,529. This growth was driven by strong execution and a healthy order backlog.
Key business segments delivered impressive performances, with T&D up 51% YoY, B&F up 20% YoY, Oil & Gas up 21% YoY, and Urban Infra surging 65% YoY. Profitability improved significantly, with EBITDA at ₹561 crores (8.6% margin, up 28% YoY). PAT growth was robust, with consolidated PAT up 89% YoY.
Strategic capex of approximately ₹2,400 crores has been incurred since FY22, primarily for equipment, machinery, and tools, enhancing project delivery capabilities. The company expects the closure of the Vindhyachal Expressway Private Limited (VEPL) deal in H2 FY26, which is anticipated to further strengthen growth momentum.
On Wednesday, Kalpataru Projects International share price jumped over 2.5% as the company bagged a significant new order totaling approximately ₹2,003 crore. As of 12:32 pm the stock price was trading at ₹1,167.40 per share, 0.47% down.
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