Kalpataru Power Transmission

Kalpataru Projects International board to raise Rs 300 cr through NCDs

Kalpataru Projects International on Monday said its board has approved the proposal to raise Rs 300 crore through the issuance of Non-convertible Debentures (NCDs) on private placement basis. A total of 30,000 NCDs of face value of Rs 1,00,000 each, aggregating to Rs 300 crore is proposed to be issued, a BSE filing stated. According to the filing, the Executive Committee of the Board of Directors at its meeting held today has approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures of Rs 300 crore on private placement basis. The NCDs will be listed at the Wholesale Debt Market Segment of BSE Ltd. The deemed date of allotment is June 13, 2024, while its final redemption (100 per cent) will be done by June 11, 2027. The coupon/interest offered is 8.35 per cent per annum.

I-T dept conducts searches across several premises of Kalpataru group

The search sites include the residences of Group founder Mofatraj P Munot and managing director Parag M Munot

Kalpataru Projects International arm completes 100% acquisition of Fasttel

Kalpataru Projects International arm Kalpataru Power Do Brasil Participaes Ltda. (KPBPL) has completed the acquisition of 100 per cent equity stake in Fasttel Engenharia S.A., Brazil. Earlier in 2021, the KPBPL had acquired a 51 per cent stake in Fasttel along with management control. "The KPBPL has on 10th July, 2023 acquired balance 49 per cent equity stake in Fasttel. Accordingly, Fasttel has now become WOS (wholly owned subsidiary) of KPBPL," a BSE filing stated. The company through KPBPL has acquired the balance 49 per cent, aggregating to 9,71,090 equity shares, at a consideration of BRL 9,710.90, it informed. Fasttel was incorporated on 8th February, 1988 in Curitiba city in the state of Parana in southern part of Brazil. It is an established EPC (engineering procurement construction) player with more than three decades of presence, having footprints in almost all Brazilian states. It has developed thousands of kilometers of transmission lines up to 750 kV and substations u

Kalpataru Projects International secures fresh orders worth over Rs 1000 cr

Kalpataru Projects International Limited (KPIL) on Friday said it has bagged new orders totalling Rs 1,008 crore in the domestic and international markets. In an exchange filing, the company said its order inflows stood at Rs 5,122 crores in the first quarter or Q1 of FY 2023-24 on a consolidated basis. Orders in the T&D (transmission and distribution) business are Rs 635 crore in India and overseas markets, and civil works for buildings in India are Rs 373 crore, it said. Manish Mohnot, MD & CEO, KPIL, said, "We are pleased to see a consistent influx of new orders, particularly for our B&F and international T&D business. The domestic civil business is experiencing continuous growth, and we can see promising growth prospects in the international T&D sector. KPIL's strong L1 position of Rs 5,500 plus crore ensures a solid business outlook, giving the confidence in achieving the target order inflows of Rs 26,000-plus crore for FY24, he added. Kalpataru Projects ...

Kalpataru Projects International promoters divest 6% stake for Rs 468 cr

Promoters of Kalpataru Projects International Ltd (earlier known as Kalpataru Power Transmission) on Tuesday divested 6 per cent of their stake in the firm for Rs 468 crore through open market transactions. Parag Mofatraj Munot (promoter) and two promoter group entities -- Kalpataru Constructions Pvt Ltd and Kalpataru Viniyog LLP -- offloaded 96.34 lakh shares of Kalpataru Projects International Ltd (KPIL). According to the bulk deal data available with the BSE, Munot sold 73.24 lakh shares, Kalpataru Constructions disposed of 10 lakh shares and Kalpataru Viniyog offloaded 13.10 lakh shares, amounting to a 5.9 per cent stake in KPIL. The shares were disposed of in the range of Rs 485.06-485.75 apiece, taking the transaction value to around Rs 468 crore. Post this latest transaction, the combined shareholding of the promoter and promoter group entities has reduced to 41.31 per cent from 47.24 per cent (as per March 2023) equity in KPIL. On Tuesday, shares of KPIL jumped 3.09 per ce

Kalpataru net profit up by nearly 22% at Rs 140 cr in March quarter

Kalpataru Power Transmission on Monday posted a nearly 22 per cent rise in consolidated net profit to Rs 140 crore for the March 2023 quarter, mainly on the back of higher revenues. It had reported a consolidated net profit of Rs 115 crore in the year-ago quarter, a BSE filing showed. The total income rose to Rs 4,896 crore in the quarter from Rs 4,169 crore a year ago. For the full 2022-23, its consolidated net profit dipped to Rs 435 crore from Rs 535 crore in the preceding fiscal. The total income in the fiscal under review also rose to Rs 16,401 crore against Rs 14,866 crore. The board in its meeting on Monday also recommended a final dividend of Rs seven per equity share of the face value of Rs two each fully paid up (i.e. 350 per cent) for the financial year ended March 31, 2023, subject to approval by shareholders at ensuing annual general meeting (AGM). The company will inform, in due course, the date on which it will hold the AGM for 2022-23 and the date from which ..

Kalpataru Power, its arms bag orders worth Rs 3,079 cr in March- April 2023

Kalpataru Power Transmission Ltd (KPTL) and its arms have bagged orders worth Rs 3,079 crore in March and April so far this year. The orders include civil works for a data centre and buildings of Rs 1,234 crore, an EPC (engineering procurement construction) order of Rs 754 crore in railway business and water supply projects of Rs 708 crore in India. It also bagged residential and institutional building project of Rs 233 crore in Africa and orders of Rs 150 crore in the T&D (transmission and distribution) business in overseas markets. "KPTL and its international subsidiaries have secured new orders/notification of awards of Rs 3,079 crore in the month of March-23 and till date in April-23," a company statement said. Manish Mohnot, MD & CEO, KPTL, said, "The orders in the Railway and Water business have enhanced the order book and improved our market position in these businesses. Our B&F business continues to strengthen and diversify its presence in new areas like data ...

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Kalpataru Power, its international arms bag orders worth Rs 3,185 crore

Kalpataru Power Transmission on Monday said it has bagged orders worth Rs 3,185 crore across various business segments in the domestic as well as international market. Kalpataru Power Transmission Ltd (KPTL) and its international subsidiaries have secured new orders/notification of awards of Rs 3,185 crore, a company statement said. These include orders in the T&D (transmission distribution) business of Rs 1,481 crore and EPC (engineering procurement construction) projects in the water business of Rs 1,509 crore, a company statement said. There is a commercial building project of Rs 195 crore also, it added. "We are witnessing a significant uptick in the Water and T&D business, which we believe will be a major growth driver for us going forward," said Manish Mohnot, Managing Director & CEO, KPTL. With these order wins, the company order intake for the financial year 2022-23 stood at Rs 22,672 crore, he added. KPTL is one of the largest specialized EPC companies engaged in .

Kalpataru Power Transmission receives orders worth Rs 2,456 crore

Kalpataru Power Transmission and its international subsidiaries have bagged new orders worth Rs 2,456 crore. These orders include residential and commercial buildings construction projects in the country worth Rs 1,427 crore and T&D (Transmission and distribution) business orders worth Rs 498 crore in India and overseas markets, a company statement said. In the domestic market, the firm bagged railway projects worth Rs 299 crore and Oil & Gas pipeline projects worth 232 crore. "With these orders, our YTD (year-to-date) FY23 order intake stands at Rs 19,487 crore, a growth of over 35 per cent compared to the similar period last year," Manish Mohnot, Managing Director & CEO said in the statement. The company is one of the largest specialized Engineering, procurement, and construction (EPC) companies engaged in power transmission & distribution, oil & gas pipeline, railways and civil infrastructure business. It is currently executing projects in over 30 countries and .

Kalpataru Power, JMC hit 52-week highs on fixing record date for merger

Pursuant to the amalgamation scheme, JMC's shareholders (other than KPTL) will be allotted one share of KPTL against every four shares held by them in JMC.

Kalpataru international arms secures new orders worth Rs 1,247 crore

Kalpataru Power Transmission Ltd (KPTL) and its international arms have secured new orders worth Rs 1,247 crore. The orders are in India and overseas markets in the T&D (transmission and distribution) business for Rs 1,247 crore, a company statement said. Manish Mohnot, Managing Director & CEO, KPTL, said in the statement, "With these new orders, we have further strengthened and consolidated our market position in India, Saarc and African markets. We expect T&D ordering momentum to remain robust given the thrust on renewables and upgradation of T&D infrastructure in India and International markets". KPTL's YTD (year-to-date) FY23 order inflows have crossed Rs 17,031 crore on a consolidated basis. The existing order book along with our diversified business mix provides good visibility for growth in coming quarters. It is one of the largest specialised EPC (engineering) companies engaged in power transmission & distribution, oil & gas pipeline, railways and civil

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NCLT approves merger of Kalpataru Power Transmission, JMC Projects

Kalpataru Power Transmission Ltd (KPTL) on Wednesday said the National Company Law Tribunal has approved the merger of JMC Projects (India) Ltd with the firm, making it one of the country's largest listed engineering and construction companies. The combined entity will have a significant presence in India and projects in 67 countries, with offerings in well diversified areas of power transmission and distribution, buildings and factories, water, railways, oil and gas and heavy civil infrastructure. "Ahmedabad Bench of National Company Law Tribunal today approved scheme of amalgamation of JMC Projects (India) Ltd (JMC) with KPTL, leading to the creation of one of India's large listed diversified engineering and construction company with combined order visibility of nearly Rs 43,000 crores," a company statement said. The Board of Directors of KPTL and JMC approved the scheme of amalgamation in February 2022. Pursuant to the scheme, JMC's shareholders (other than KPTL) will be allotted

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Kalpataru Power rallies 9% on board nod for Rs 99-crore fund raise via NCDs

A total of 990 NCDs of face value of Rs 10 lakh each will be issued at a coupon rate of 8.46 per cent under the fundraising plan

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Kalpataru Power bags Rs 1,345 cr orders for pipeline, metro electrification

Kalpataru Power Transmission Ltd (KPTL) on Tuesday said the company and its international subsidiaries have secured new orders worth Rs 1,345 crore. In a regulatory filing KPTL said, the company and its international subsidiaries have secured new orders/notification of awards of Rs 1,345 crore. The company has bagged the said orders in India and in the overseas market in the transmission and distribution (T&D) business, the filing said. The filing further said that the orders are for pipeline laying works secured in joint ventures or in consortium. Some of the orders are for Metro Rail Electrification in India secured in joint ventures or in consortium. "We are pleased with the new order wins secured across our business verticals. The order wins in the T&D and pipeline business help us to further consolidate our order book and establish leadership in key markets," said Manish Mohnot, Managing Director & CEO, KPTL. Mohnot further said that the second metro rail ...

Kalpataru Power surges 9% on securing orders worth Rs 1,345 crore

Analysts at Emkay Global Financial Services believe improving inflow and lower raw-material cost will imply better earnings for KPTL in the coming times.