Kalpataru’s YTD Order Inflow Reaches Rs. 19,361 Cr., Credit Ratings AA, Stable
Kalpataru Projects International Ltd’s. (KPIL) Year-to-Date (YTD) order inflow stands at Rs. 19,361 crore after the company and its international subsidiaries secured new orders worth Rs. 2,038 crore.
These newly secured orders include a building project in India. Apart from this, Kalpataru Projects, along with its international subsidiaries, has won Transmission & Distribution (T&D) orders in India and overseas. Commenting on the T&D order wins, Mr. Manish Mohnot, Managing Director & CEO of KPIL said “The continuous order inflows in the T&D business has not only strengthened our T&D order book but also improved our competitive position in key markets”.
Kalpataru Projects International Ltd. has been rated ‘AA, Stable’ by Credit Analysis and Research Ltd. (CARE) for long-term bank facilities and short-term bank facilities. Kalpataru’s credit ratings indicate stability regarding fulfilling financial obligations. Short-term ratings consider a period of one year or less while long-term ratings define a period of more than one year.
