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Kalpataru Projects International Ltd (KPIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522287 NSE: KPIL Engineering - Construction | Small Cap | Kalpataru Projects Share Price

₹1,447.10 47.60 (3.40%)

As on 18-Sep'26 16:59

Kalpataru Projects International Ltd (KPIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522287 NSE: KPIL Engineering - Construction | Small Cap | Kalpataru Projects Share Price

₹1,447.10 47.60 (3.40%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹24,713 Cr.
Current Price
₹1,447.1
52-Week Low / High
₹1,008 / 1,500
TTM EPS
₹66.6
TTM Sales
₹27,380 Cr.
Book Value per Share
₹473.6
P/E Ratio
21.74
Lower than its 5-year historical median
Industry PE
24.2
Price to Book (P/B)
3.06
Higher than its 5-year historical median
Price to Sales (P/S)
0.90
In line with its 5-year historical median
EV/EBITDA
10.72
In line with its 5-year historical median
Dividend Yield
0.76%
Profitability Efficiency
Return on Equity (ROE)
14.42%
Outperforms industry median
Return on Capital Employed (ROCE)
18.95%
Outperforms industry median
Return on Assets (ROA)
3.91%
Operating Profit Margin
9%
Net Profit Margin
3.8%
Gross Profit Margin
6.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
22.88%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
20.57%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
81.68%
Asset Quality
Promoter Holding
33.58%
Pledged shares (%) of Promoter's holding (%)
24.55%
Reserves
₹8,054 Cr.
Equity
₹34.2 Cr.
Face Value
₹2
All Time Low / High
₹1.43 / 1499.75

Kalpataru Projects International stock performance

Key Ratios
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Quality

Very Good
Check detailed performance

Valuation

Somewhat Overvalued

Check Valuation charts

Price Trend

Strong
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Q.1 Is Kalpataru Projects International Ltd a good quality company?
Kalpataru Projects International Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Kalpataru Projects International Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Kalpataru Projects International Ltd vs industry peers?
Kalpataru Projects International Ltd revenue CAGR is 15.95%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Kalpataru Projects International Ltd?
Promoters hold 33.58% of the Kalpataru Projects International Ltd, with 24.55% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Kalpataru Projects International Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 18.3% based on the current price.
View More

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kalpataru Projects International Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ19.2%20.4%22.1%20.5%20.2%13.4%14.8%14.3%14.8%15.4%-
Value Creation
Index ⓘ		0.40.50.60.50.5-00.10.10.10.4-

Growth Parameters ⓘ
Sales ⓘ4,8945,7417,1157,9047,67112,40714,33716,76018,88823,21023,652
Sales YoY Gr.-17.3%23.9%11.1%-3%61.8%15.6%16.9%12.7%22.9%-
Adj EPS ⓘ17.821.425.42833.616.230.33738.863.952.5
YoY Gr.-20%18.6%10.4%19.8%-51.7%86.9%22.2%4.7%64.9%-
BVPS (₹) ⓘ161.5180.5205.4228.5259.4331.6327.5354420.7481496.6
Adj Net
Profit ⓘ		2733283894335002414926016621,091896
Cash Flow from Ops. ⓘ322103525243198376559714837764-
Debt/CF from Ops. ⓘ2.27.51.25.56.57.15.34.64.13.7-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ18.9%24.8%17.4%22.9%
Adj EPS ⓘ15.3%13.8%28.3%64.9%
BVPSⓘ12.9%13.1%13.7%14.3%
Share Price 18.6% 29.7% 31.9% 14.1%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		11.712.513.11313.55.59.610.910.214.210.7
Op. Profit
Mgn % ⓘ		12.412.611.611.111.67.38.99.59.39.58.8
Net Profit
Mgn % ⓘ		5.65.75.55.56.523.43.63.54.73.8
Debt to
Equity ⓘ		0.30.30.20.40.30.50.60.60.50.4-
Working Cap
Days ⓘ		316330316320351275320327333302149
Cash Conv.
Cycle ⓘ		8491797683392015222833

Valuation of Kalpataru Projects - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *31.5133.5624.7324.5924.5924.5924.5724.5624.5524.55
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales7,5128,70410,84012,67612,94914,77716,36119,62622,31627,143
Operating Expenses ⓘ + 6,5707,5959,41111,16711,35613,52514,88917,81420,29824,711
Manufacturing Costs1,8692,3803,4593,7624,4394,5345,2096,1797,90910,479
Material Costs3,2893,7414,4755,2684,7596,4466,9708,2058,5819,340
Employee Cost 5496387859971,0411,2991,4471,7182,1132,650
Other Costs ⓘ 8638356921,1411,1161,2461,2621,7121,6952,241
Operating Profit ⓘ 9421,1091,4291,5091,5941,2521,4731,8122,0172,432
Operating Profit Margin (%) 12.5%12.7%13.2%11.9%12.3%8.5%9.0%9.2%9.0%9.0%
Other Income ⓘ + 35364810186152916676105
Exceptional Items ⓘ 0004210185910037
Interest ⓘ 471476486603538522621704774693
Depreciation ⓘ 181192211340373351392473497510
Profit Before Tax ⓘ 2954617616489456966427018231,371
Tax ⓘ 138183274258283161207185256340
Profit After Tax 1572784873906625354355165671,031
PAT Margin (%) 2.1%3.2%4.5%3.1%5.1%3.6%2.7%2.6%2.5%3.8%
Adjusted EPS (₹)12.218.330.425.245.136.327.131.434.360.9
Dividend Payout Ratio (%)16.50%13.70%9.90%13.90%22.20%17.90%25.80%25.50%26.30%18.10%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2,4222,6733,1193,3583,7394,2794,7215,1386,5137,777
Share Capital ⓘ 31313131303032323434
Reserves ⓘ 2,3912,6433,0893,3273,7094,2494,6885,1066,4797,742
Debt +2,5742,9902,3622,9292,5022,8283,1873,3443,5492,424
Long Term Debt1,9922,3731,9181,7971,6071,5531,2151,4481,467611
Short Term Debt5826174431,1328951,2751,9721,8972,0811,813
Minority Interest151146161137120139-27-25-44-44
Trade Payables2,3272,7423,2453,4453,7394,2534,9045,8556,5887,071
Others Liabilities ⓘ 2,6373,7035,1215,7915,1235,5146,6187,5378,70810,221
Total Liabilities ⓘ 10,11112,25514,00815,66115,22417,01319,40221,85025,31427,449

Fixed Assets

Net Fixed Assets ⓘ +3,0603,0613,1403,4443,4723,5583,1243,0733,2523,148
Gross Block3,3803,5423,8104,4034,6805,0304,6534,9465,3925,381
Accumulated Depreciation3204816719591,2091,4721,5281,8722,1402,232
CWIP ⓘ 1177241654342552332964
Investments ⓘ 45511115501502
Inventories9339921,1171,2091,0711,0961,2281,3531,4291,776
Trade Receivables3,3943,9554,2144,6165,0174,5795,2515,8057,8178,405
Cash Equivalents 2582832455465921,1941,0601,0321,7591,842
Others Assets ⓘ 2,3053,1895,2765,7915,0376,5588,68110,55310,87812,212
Total Assets ⓘ 10,11112,25514,00815,66115,22417,01319,40221,85025,31427,449
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 7666501,0359379317146568439141,534
PBT ⓘ 3264787616719456966427018231,371
Adjustment ⓘ 5836066148076595738311,0591,040977
Changes in Working Capital ⓘ -15-258-48-279-427-292-590-635-677-430
Tax Paid ⓘ -128-176-292-262-246-263-227-282-272-384
Cash Flow From Investing Activity ⓘ + -233-700-836-7478-255-326-263-719-0
Capex -224-652-705-464-235-261-719-319-512-695
Net Investments 1-30-106-170-10-128-113-23712
Others ⓘ -10-17-24-1142521354045331683
Cash Flow From Financing Activity ⓘ + -43966-21940-89725-438-524400-1,636
Net Proceeds from Shares ⓘ -100008009820
Net Proceeds from Borrowing ⓘ -211153559-83259167-380-30584-674
Interest Paid ⓘ -393-367-400-504-433-405-492-504-566-483
Dividend Paid ⓘ -1-31-47-100-127-22-97-114-130-154
Others ⓘ 166311-331728-59627853139830-326
Net Cash Flow ⓘ 9415-1923042484-10856595-102
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)6.7410.9216.8212.0318.6613.359.6710.479.7414.42
ROCE (%)14.6616.6421.2920.221.916.3815.4116.116.1718.95
Asset Turnover Ratio0.780.780.830.850.840.920.90.950.951.03
PAT to CFO Conversion(x)4.882.342.132.41.411.331.511.631.611.49
Working Capital Days
Receivable Days151.10153.40137.50127.10135.80118.50109.70102.80111.40109.10
Inventory Days43.4040.2035.5033.5032.1026.8025.902422.8021.60
Payable Days234.70244.30236.60218.90259.60220.80239.80239.30264.70266.90

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Kalpataru Projects International Ltd FAQs

The current trading price of Kalpataru Projects on 18-Sep-2026 16:59 is ₹1,447.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Sep-2026 the market cap of Kalpataru Projects stood at ₹24,712.5 Cr

The latest P/E ratio of Kalpataru Projects as of 17-Sep-2026 is 27.57.

The latest P/B ratio of Kalpataru Projects as of 17-Sep-2026 is 2.91.

The 52-week high of Kalpataru Projects is ₹1,499.8 and the 52-week low is ₹1,007.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kalpataru Projects is ₹23,652 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kalpataru Projects International Ltd is a good quality company.

The key valuation ratios of Kalpataru Projects International Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Kalpataru Projects International Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Kalpataru Projects International Ltd

Kalpataru Projects International (KPIL) (formerly known as Kalpataru Power Transmission or KPTL) is one of the largest Engineering, Procurement and Construction (EPC) companies listed in India, with a diversified portfolio of projects worldwide in Power Transmission & Distribution (T&D), Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. The Company has established a significant global presence, currently executing projects in many countries. The company maintains leadership positions across its major businesses through strong organizational capabilities, superior technical expertise and adherence to best-in-class sustainability standards. The company's robust order book reflects its ability to secure high-value projects from both public and private sector clients, supported by its reputation for quality, safety and timely delivery.

In line with its dedication to excellence, the company complies with internationally recognised standards such as ISO 45001:2018 and ISO 14001:2015 and strictly adheres to applicable legal and regulatory requirements, ensuring a structured and comprehensive approach to occupational health, safety and environmental management.

Business area of the company:

Kalpataru Projects International is largest specialised Engineering, Procurement and Construction conglomerate with a diversified portfolio spanning Power Transmission and Distribution, Buildings and Factories, Water Supply and Irrigation, Railways, Oil and Gas, Urban Mobility, Highways and Airports. The company has maintained a leadership position in all its major businesses backed by strong organisational capabilities, superior technical know-how, and adherence to best-in-class sustainability standards.

Business streams

Power T&D: One of the most trusted T&D players in both domestic and international markets, with in-house capabilities for design, engineering, manufacturing, testing, installation, and commissioning to execute large-size T&D turnkey projects.

Buildings & Factories: Equipped with PAN India reach, expertise, and experienced manpower to undertake all types of building and housing projects, KPIL provides world-class infrastructure support to India's growing Healthcare, Institutional, Residential, Townships, Commercial, Industrial, Hospitality, IT office spaces, Data centers, Manufacturing Plants, and Services sectors.

Water: KPIL provides world-class EPC solutions for a wide range of water-related projects for both domestic and international markets, including drinking water supply and distribution systems, wastewater collection treatment, and irrigation, among others.

Railways: KPIL caters to turnkey solutions for conventional rail lines and metro rail. The company undertakes comprehensive railway projects encompassing overhead electrification, traction substations, track laying, earthwork, bridges, buildings, stations, workshops, signaling & telecommunications, and 3rd Rail DC systems.

Infrastructure: Possessing capabilities to undertake construction for various infrastructure sectors including Elevated Metro, Elevated Corridors, Flyovers, Special Bridges, Tunnels (for Metro Rail, Railways & Roadways), Highways and Airports for multi -lateral funded projects.

Oil & Gas: KPIL is a leading player in the Oil & Gas pipeline business in India, covering cross-country Oil & Gas pipelines, processing facilities, refineries, and fertilizer plants. The company has delivered projects covering design & engineering, civil, electrical, mechanical, procurement, construction management, testing, and commissioning.

Awards and Recognition

2015-16:

  • KPTL’s project Satpura-Ashta Transmission Line undertaken for M.P. Power Transmission, awarded 8th India Power Awards 2015 for its valued contribution to Energy Sector.
  • Runners up award namely ‘Maximum volume of work in 2015-16 on PGCIL Projects.’

2016-17:

  • Received Certificate of Honour in the category of Leading RE Developers-Biomass at Renewable Energy India Awards 2016.
  • Appreciation from Power Grid Corporation of India as Runner-Up in Best Performance (Maximum Capitalisation).
  • Best Performance Award for early completion of the 765 kV Wardha-Nizamabad Transmission line.
  • Silver Certificate of Merit for Manufacturing Excellence 2016 to the company’s Raipur Plant.

2017-18:

  • KPTL received awards at ‘World HRD Congress Event on February 15, 2018’ for 100 Top HR Minds and Best Organization Development Program.
  • Received Dun and Bradstreet Infra Award 2017 for Construction & Infrastructure Development (Power).
  • National Safety Council Award 2017.

2018-19:

  • KPTL received Bronze Trophy at ‘RoSPA Safety Awards, 2018’ from The Royal Society for the Prevention of Accidents – UK for 400 KV OHL Baarakaha Bab Grid Station, Abu Dhabi.
  • KPTL was honoured with ‘Best Exporter of the Year’ award at Exim Club Awards, 2018 organized by Exim Club, Association of Exporters and Importers.
  • KPTL’s Gandhinagar manufacturing plant received Silver Certificate of Merit at India Manufacturing Excellence Awards 2018 conceptualized by Frost & Sullivan for appreciating efforts taken by the Plant and its personnel in enhancing manufacturing and Supply chain excellence.
  • KPTL’s Padampur Power Plant received ‘Apex India Occupational Health & Safety Excellence Award’ under Gold category. It also received State Level ‘Factory & Safety Award’ from Department of Factory & Boiler, Government of Rajasthan.

2019-20:

  • KPTL was declared a winner at 3rd National Competition on LEAN manufacturing organized by Confed.
  • KPTL received Special Appreciation Award at 8th Edition of Gujarat State Level Best Kaizen Competition 2019 organized by Confederation of Indian Industry (CII).
  • KPTL won Gold Category Award in Manufacturing Sector from Quality Circle Forum of India (QCFI).
  • KPTL won Dun & Bradstreet Infra Awards 2019 in Infrastructure Project Category.
  • KPTL received Safety Appreciation Certificate from APTRANSCO, in recognition and appreciation of continual improvement & excellent performance in safety.
2020-21

  • KPTL wins Bronze Trophy for its Gandhinagar manufacturing plant and 765 KV D/C Vindhyachal – Varanasi Transmission Line project at the NSC India Award by the National Safety Council set up by the Ministry of Labour, Govt. of India.
  • KPTL wins Platinum Award at the 45th International Convention on Quality concepts at Dhaka, Bangladesh by Bangladesh Society Of Total Quality Management.
  • KPTL’s Raipur manufacturing plant was awarded the ‘Greentech Safety Excellence Award, 2020’ from Greentech Foundation.
  • KPTL wins Gold Trophy & National Award for HR Best Practices and received Certificate of Merit from National Institute of Personnel Management (NIPM).
  • KPTL’s Raipur Manufacturing Unit was conferred with “Gold Award” by Grow Care India for exemplary performance in Safety, Operations and Environment Protection.
  • KPTL’s Raipur Plant was conferred with Runners Up position for excellence in Safety, Health & environment (SHE) practices at the CII Chhattisgarh SHE Awards 2020-21.
2021-22

  • KPTL -Raipur plant has received the ‘’Golden award for Manufacturing excellence’’ from Hansei Kaizen, a global organisation recognising the efforts of manufacturing excellence by companies.
  • KPTL Railway Division has received prestigious “Achievement in Electrification in Railways” Award from Rail Analysis Innovation & Excellent Summit 2022.
  • KPTL’s 18 Supervisors got felicitated in Construction Industry Development Council (CIDC) Vishwakarma Award – 2022.
  • KPTL received awards from National Safety Council of India for 765 KV D/C Vindhyachal – Varanasi T/L project – Bronze Trophy; and for Manufacturing Unit, Gandhinagar - Bronze Trophy.
  • KPTL’s Transmission Line Project won CII – SR EHS Excellence Award – Bronze Award
  • KPTL won special award for “Best Presentation: Holding the Gains” in CII National competition.
2022-23

  • British Safety Council award for Dubai Project Site.
  • British Safety Council award for Labzone Bengaluru Life science park.
  • British Safety Council award for DLF-3 Down Town Chennai.
  • British Safety Council award for Maldives Social Housing.
  • NSCI Safety Awards for IIT Tirupati - Stage 1 Project.
  • NSCI Safety Awards for DLF-Economically Weaker Section Delhi (DEWD Site) Project.
  • CII (Confederation of Indian Industry) Andhra Pradesh industrial Safety Excellence Award for IIT Tirupati Phase I, Chennai.
2023-24

  • Prestigious global Going Digital Awards in Infrastructure Founders Honors- 2023 from Bentley Systems, the only Indian organisation to receive the award in FY23-24.
  • Best Zero Carbon Emission Initiative of the Year 2024 from UBS Forums for T&D (International).
  • KPIL Gandhinagar Plant won Gold Award in National safety convention organized by Quality Circle Forum of India (QCFI) and Industrial Safety & Health, Government of Gujarat.
  • KPIL Gandhinagar Plant won Gold Award in National Level Lean Competition by CII – Institute of Quality.
  • T&D division won RoSPA Award for Kalpataru IBN Omairah Company – Saudi Project Site, Tajikistan Transmission Line Project – Project Site (Silver Category).
  • Vishwakarma Awards 2023 B&F, Water and Railway divisions won total of 19 awards by Construction Industry Development Council.
  • Won Gold Award & Silver Award at 47th CII National Kaizen Competition 2023, Gandhinagar Plant.
  • Won Gold award for Six Sigma Project Case Study at AHCCQC by QCFI Ahmedabad.
  • 3 Gold & 1 Silver, from Quality Circle Forum of India for Raipur Plant.
  • TPM Certificate 2023 for significant achievement in manufacturing excellence, Raipur Plant.
  • Water division won RoSPA Award for Jharkhand Shikaripada Dumka Rural Water Supply Project (Silver category).
  • T&D Won Award at an International Convention on Quality Circle concept – ICQCC 2023.
  • T&D Won Par Excellence Award at a National Convention on Quality Concepts NCQO 2023, Nagpur.
  • Oil and Gas Business Unit Head was awarded Business Icon of the Year by Outlook Business Spotlight at Business Icon Awards 2023.
2024-25

  • ET NOW Best Brand Award in the Construction and Infrastructure Industry – Power Sector.
  • Construction World Award 2024 - Awarded the fastest growing construction company (Ultra large segment).
  • International RoSPA Gold Award, B&F business.
  • CIDC Vishwakarma Award – Best Construction Project, B&F.
  • International RoSPA Awards, Water business.
  • International RoSPA Awards, Railway business.
  • CIDC Vishwakarma Award for Construction, Health, Safety & Environment - B&F business.
  • International Safety Awards – British Safety Council, B&F business.
  • CIDC Vishwakarma Award for Environment, Health and Safety - Railway business.
  • British Safety Council Award, T&D business.
  • CIDC Vishwakarma Awards, Water business.
  • British Safety Council Award, Water business.
  • British Safety Council Award, Railways business.
  • Best CSR Project of the Year Award organised by UBS Forums.
  • World safety award by World safety organization.
Milestones

1981-1994

  • Incorporated as HT Power Structures.
  • Secured First EPC T&D contract.
1995-2000

  • Listed on Indian Stock Exchanges.
  • Established R&D Centre in Gandhinagar with 800 kV tower testing facility.
2001-2005

  • Secured first international turnkey contract in T&D.
  • Established biomass energy plant in Rajasthan.
  • Diversified into Oil and Gas business.
  • Acquired JMC Projects (India).
2006-2010

  • Acquired Shree Shubham Logistics.
  • Diversified into Urban Infrastructure and Railway businesses.
  • Forayed into Road BOOT projects.
2011-2015

  • Secured first international railway project.
  • Established a new manufacturing plant in Raipur.
  • Secured first international highway project.
  • Ventured into Water business.
2016-2020

  • Secured first International water project.
  • Established presence in over 50 countries.
  • Acquired Linjemontage, Sweden.
2021-2024

  • Secured first international building and airport projects.
  • Acquired Fasttel, Brazil.
  • JMC Projects (India) was merged with Kalpataru Power Transmission to form Kalpataru Projects International (KPIL).
  • KPIL is recognized as one of India’s leading EPC companies.
  • Forayed into Underground Metro.
  • Secured a prestigious Oil and Gas Pipeline project from a leading energy major in Saudi Arabia.
  • Awarded a largescale Design Build Residential Project.
2025-2026

  • Acquired 100% equity stake of  Kalpataru Power DMCC (KP DMCC).
  • Sold 100% stake in Vindhyachal Expressway (VEPL).
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