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.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4008.35 |
| Rail Vikas Nigam | 305.05 |
| NCC | 170.40 |
| KEC International | 586.80 |
| Kalpataru Projects | 1280.75 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: