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Kalpataru Projects International’s arm gets nod to acquire additional stake in Fasttel

30 Mar 2024 Evaluate

Kalpataru Projects International’s (KPIL) Wholly Owned Subsidiary -- Kalpataru Power Do Brasil Participacoes Ltda. (KPBPL), Brazil, has received approval for subscription to 5,500,000 equity shares having face value of BRL 10 per share of Fasttel Engenharia S.A., Brazil (Fasttel), a step down wholly owned subsidiary of the company. The Board of Directors of KPBPL at its meeting held on March 29, 2024 has approved the same.

Fasttel is in same line of business as that of the company i.e. EPC Company engaged in Power Transmission & Distribution and Sub-station. The acquisition of additional equity share capital will further strengthen the financial position of Fasttel. It will also enhance its market presence in the local Brazilian and Latin American market. Fasttel will continue to be step down wholly owned subsidiary of the company. 

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.


Kalpataru Projects Share Price

1280.75 19.10 (1.51%)
06-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4008.35
Rail Vikas Nigam 305.05
NCC 170.40
KEC International 586.80
Kalpataru Projects 1280.75
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