Kalpataru Projects International has received approval for issuance of secured / unsecured redeemable Non-Convertible Debentures (NCDs) upto Rs 300 crore by the Company in one or more tranches.
The board has also approved additional funding support upto $10 million, in one or more tranches from time to time, by way of granting loan and / or making equity investment in Kalpataru Power DO Brasil Participacoes, wholly owned subsidiary for further investment in Fasttel Engenharia S.A., step-down wholly owned subsidiary of the Company and delegated authority to the Executive Committee. The Board of Directors of the company at its meeting held on August 11, 2023, has approved the same.
Kalpataru Projects International (formerly known as Kalpataru Power Transmission) 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.
