Rs 8 Dividend: Power Sector Co Bags Orders Worth Rs 2,995 Cr, Hold For TP Rs 1211: PL

Mid cap company operating in the power sector, Kalpataru Projects International along with its Joint Ventures (JVs) and international subsidiaries bagged new orders of Rs 2,995 crores. It includes, orders in the Transmission & Distribution (T&D) business in overseas markets, EPC order in the Water business in JV, and B&F orders in India.Current market price of Kalpataru Projects share on BSE is Rs 1383.40 per share with intraday jump of 2.77%. Kalpataru Projects International shares today also hit fresh 52-week high after it shared the latest information on BSE. Kalpataru Projects shares offered return of 149% in last 1-year and gained 93% year-to-date. Kalpataru Projects recommended Rs 8/share final dividend and set June 28 as the record date. The final dividend will be paid on or before August 13, 2024, if declared. Check details below:

Kalpataru Projects Bags New Orders: Manish Mohnot, MD & CEO, KPIL, said, "We are delighted with the new order wins in our T&D, B&F and Water business. The continuous inflow of orders in the T&D business reaffirms our confidence that T&D EPC business will contribute significantly to KPIL's growth. The orders in the B&F and Water business have further strengthened our order book, thereby improving the growth visibility for these businesses.With the above order wins, our order intake till date in the current financial year stands at Rs 6,178 crores. Our robust and well diversified order book gives us confidence to achieve the targeted growth going forward."

Kalpataru Projects International Dividend In 2024: As per the BSE filing of Kalpataru issued as on June 18, "In respect of Final Dividend for FY 2023-24 of Rs. 8/- per Equity share (400%) recommended by the Board of Directors at its meeting held on May 08, 2024 and pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, June 28, 2024 as the "Record Date" for the purpose of determining entitlement of members to Final Dividend, if declared at the 43rd Annual General Meeting of the Company. The final dividend will be paid on or before August 13, 2024, if declared."

The 43rd Annual General Meeting of Members of the Company ("AGM") is scheduled to be held on Monday, July 15, 2024 at 11:30 A.M. IST through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM") in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India from time to time, added the BSE filing.

Kalpataru Projects International Share Performance: Kalpataru Projects shares gave return of 87% in last 6-months, rallied 290% in last 2-years, and rose 226% in last 3-years. KPIL shares jumped 742% in last 10-years. The 52-week high price of Kalpataru Projects International share is Rs 1410.00 per share (as on 11/07/2024) and 52-week low price is Rs 549.40 per share (as on 12/07/2023), respectively. Kalpataru Projects has a market capitalisation of Rs 22,461.43 crore.

About: KPIL is one of the largest specialized EPC companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. KPIL is currently executing projects in over 30 countries and has a global footprint in over 70 countries. KPIL has maintained a leadership position in all its major businesses backed by strong organisational capabilities, superior technical know‐how, and adherence to best‐in‐class sustainability standards.

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