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The Economic Times

KPIL bags orders worth Rs 2,774 crore

Kalpataru Projects International and its subsidiaries have secured orders worth Rs 2,774 crore. These include projects in Transmission & Distribution overseas, an EPC project for airport extension from Airports Authority of India, and a residential buildings project in India. The company’s year-to-date order intake has reached around Rs 9,800 crore.

Business Standard

Kalpataru Projects International bags orders worth Rs 2,774 crore

Kalpataru Projects International on Thursday said the company and its arms secured orders worth Rs 2,774 crore. Kalpataru Projects International Ltd (KPIL), one of the largest Engineering & Construction companies listed in India along with its international subsidiaries have secured new orders/notification of awards of Rs 2,774 crore, a company statement said. These include new orders in the Transmission & Distribution (T&D) business in overseas markets and the EPC project for Extension of Airport from Airports Authority of India (AAI). The new orders also include Design & Build project for residential buildings in India. Manish Mohnot, MD & CEO, KPIL, said in the statement, "We are pleased with the continuous ordering momentum, especially in our T&D and Buildings and Factories (B&F) business." The order from the AAI will mark our entry into the growing domestic airport sector and further diversify our clientele, he added. The orders in the T&D and ...

Business Standard

Kalpataru Projects International bags Rs 2,774-cr order; share price soars

The upward movement in the Kalpataru Projects International shares came after the company announced that it has secured new orders worth Rs 2,774 crore.

Business Standard

Kalpataru Projects gains after bagging orders worth Rs 2,774 crore

Kalpataru Projects International gained 1.23% to Rs 1,369.55 after the company along with its international subsidiaries has secured new orders worth Rs 2,774 crore.

Business Standard

CRISIL reaffirms rating of Kalpataru Projects; maintains 'stable' outlook

Kalpataru Projects International said that CRISIL Ratings has reaffirmed its 'CRISIL AA/Stable/CRISIL A1+' ratings on the bank facilities and debt programmes of the company.

Business Standard

Kalpataru gets notice from Afghan govt for not submitting tax declarations

Kalpataru Projects International Ltd on Tuesday said it has received a tax notice from the Afghanistan government for non-submission of certain declarations. In an exchange filing, the company said, "The branch office through its consultant... received certain tax challans from the Ministry of Finance, Afghanistan Revenue Department with the demand of payment of tax liability, additional tax and fine, due to non-submission of certain declarations for FY 2020-21 and FY 2021-22." The notice was received on August 26, it said. The authority has demanded tax liability of AFN 8,774,153 (Rs 104.59 lakh), additional tax of AFN 12,150 (Rs 0.14 lakh) and fine of AFN 166,401 (Rs 1.98 lakhs), Kalpataru Projects International Ltd said. The branch anticipates this additional tax and fine may be waived off by the Ministry of Finance once the payment towards the tax liability is discharged, it said. Last week, the company also received a tax notice from the GST authority in India. The authority

The Economic Times

Taliban-led Afghanistan govt serves Kalpataru Projects tax notice of more than Rs 1 crore

Kalpataru Projects International Ltd has been served a tax notice by Afghanistan's government for missing declarations for the years 2020-21 and 2021-22. The notice demands AFN 8,952,704 in taxes and fines. Additionally, the company received a GST tax demand in India amounting to Rs 10.50 lakh along with penalties.

The Economic Times

Kalpataru Projects International gets tax notice from GST Authority

"The authority has demanded to pay an aggregate tax amount of Rs 10.50 lakh and a penalty of Rs 1.50 lakh. The authority has also proposed to levy interest as applicable," the filing said.

Business Standard

GVK Power and Infrastructure faces insolvency proceedings on loan default

GVK Power and Infrastructure Ltd (GVKPIL) will face insolvency proceedings for failure to pay loans to lenders, a corporate insolvency court has said. The Hyderabad bench of National Company Law Tribunal (NCLT) issued the order on a petition of lenders' group led by ICICI Bank Ltd, GVKPIL said in a stock exchange filing. The loan was originally availed of by GVK Coal Developers (Singapore) Pte Ltd over a decade ago, for which GVKPIL acted as a guarantor. The NCLT bench issued the order on July 12, which was made public on Monday. The petition was filed by ICICI Bank in 2022. NCLT appointed Satish Kumar Gupta as an interim resolution professional for managing the company during pendency of the insolvency. "The corporate debtor has acknowledged its liabilities and admitted the factum of corporate guarantee in its annual reports for the FYs 2018-19, 2019-20, and 2020-21. As on June 13, 2022, the borrower was liable to pay USD 1.84 billion comprising principal amount of USD 1.13 billi

The Economic Times

GVK Power and Infrastructure Ltd faces insolvency proceedings

NCLT appointed Satish Kumar Gupta as an interim resolution professional for managing the company during pendency of the insolvency. "The corporate debtor has acknowledged its liabilities and admitted the factum of corporate guarantee in its annual reports for the FYs 2018-19, 2019-20, and 2020-21. As on June 13, 2022, the borrower was liable to pay USD 1.84 billion comprising principal amount of USD 1.13 billion, interest of USD 731.57 million and agency fee of USD 144,000," according to the NCLT order, which was made public by GVKPIL in the stock exchange filing.

Business Line

Kalpataru secures ₹2,333-cr order; stock rises

New orders for Kalpataru Projects International Ltd’s transmission and distribution business in India and overseas

The Economic Times

Kalpataru Projects International bags orders worth Rs 2,333 crore

Kalpataru Projects International (KPIL) announced on Tuesday securing Rs 2,333 crore in new orders. These include Transmission & Distribution (T&D) projects in India and abroad, an EPC contract for a metal industry plant, and a residential building project in India. CEO Manish Mohnot highlighted the strong growth outlook for their T&D and Building & Factories segments.