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Kalpataru Projects International is currently trading at Rs. 1018.45, up by 19.55 points or 1.96% from its previous closing of Rs. 998.90 on the BSE.

The scrip opened at Rs. 1030.00 and has touched a high and low of Rs. 1043.25 and Rs. 1007.95 respectively. So far 5579 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1043.45 on 14-Feb-2024 and a 52 week low of Rs. 485.00 on 30-May-2023.

Last one week high and low of the scrip stood at Rs. 1043.25 and Rs. 951.65 respectively. The current market cap of the company is Rs. 16226.75 crore.

The promoters holding in the company stood at 40.59%, while Institutions and Non-Institutions held 51.50% and 7.90% respectively.

Kalpataru Projects International (KPIL) has received Letter of Intent (LoI) from Saudi Arabia’s energy major, Aramco, for carrying out EPC work for three packages of the third expansion phase of the Master Gas System Network (MGS?3) in Saudi Arabia. The EPC scope covers laying of over 800 kms of lateral gas pipeline. The exact contract value of the three packages will be confirmed upon contract execution.  

The MGS?3 aims to expand the existing gas network in order to provide gas supply to various industrial consumers in the region. This expansion of the gas network is expected to enhance the ability to meet the growing energy demand in Saudi Arabia and replace liquid fuel burning, contributing to Saudi Arabia’s drive towards a diverse energy mix. KPIL is delighted to be collaborating with Aramco towards supporting energy security and reliability.

Kalpataru Projects International is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution.