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Order win▲ Bullish for Kalpataru Projects
KPIL bags ₹4,000+ crore UAE gas pipeline EPC contract; stock slips 1.14%
The brief
- KPIL won a UAE gas pipeline EPC contract worth over ₹4,000 crore
- Shares fell 1.14% to ₹1,375.30 by 9:55 am
- The contract adds overseas work for Kalpataru Projects, though its shares were lower in early trade
- Kalpataru Projects International secures 'major' EPC order in oil and gas business in UAE
- KPIL announces successful listing of LMG on Nasdaq Stockholm
- Kalpataru Projects Int'l lists subsidiary on Sweden's Nasdaq Stockholm
- Kalpataru Projects' Swedish arm LMG lists on Nasdaq Stockholm after Rs 600-crore IPO
- Kalpataru Projects International bags new orders worth over ₹2,000 crore