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Kalpataru Projects International (KPIL) announced that it has successfully completed the sale of its 100% equity stake in its wholly owned subsidiary, Vindhyachal Expressway (VEPL) to growth market sustainable infrastructure investor, Actis. The definitive agreement(s) were executed on 09 October 2024 to transfer the entire stake in VEPL to Actis, at an agreed Enterprise Value of ~ Rs. 775 crore (subject to necessary closing adjustments).
VEPL is a Special Purpose Vehicle (SPV) and was formed to undertake four-laning road project spanning 89.30 KMs connecting main city of Rewa and Hanumana on border of the states of Madhya Pradesh and Uttar Pradesh on the national highway section (NH)-7. The project is under concession from Madhya Pradesh Road Development Corporation (MPRDC) on Design, Build, Finance, Operate and Transfer (DBFOT) – Toll basis. The concession agreement between VEPL and MPRDC was executed in January 2012 and toll collections started on February 2015.
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Kalpataru Projects International (KPIL) declined 1.19%. The company along with its joint venture, has secured new orders worth approximately Rs 719 crore.
Blue Dart Express spurted 5.15% after tax authorities largely dropped a Rs 420.78 crore GST demand on its subsidiary Blue Dart Aviation.
The details of the aforesaid new orders are as follows: „h - Order for elevated metro rail project in Thane, Maharashtra
The new orders include a contract for an elevated metro rail project in Thane, Maharashtra.
Manish Mohnot, MD & CEO, KPIL, said, “We are delighted with the new order win in our Urban Infrastructure business. The elevated metro rail order in Thane has strengthen our presence in the growing urban transportation EPC business, reinforcing our confidence in the growth potential of our Urban Infra business in India. Our strong order intake, diversified order book and robust execution places us favourably to deliver on our growth targets in the coming quarters.”
On a consolidated basis, net profit of Kalpataru Projects International rose 91.27% to Rs 240.05 crore while net sales rose 32.43% to Rs 6528.57 crore in Q2 September 2025 over Q2 September 2024.
KPIL is one of the largest specialized EPC companies engaged in power transmission & distribution, buildings & factories, water supply & irrigation, railways, oil & gas pipelines, urban mobility (flyovers & metro rail), highways and airports. KPIL is currently executing projects in over 30 countries and has a global footprint in 75 countries.
Shares of Kalpataru Projects International rose 0.09% to Rs 1,202.55 on the BSE.
Kalpataru Projects International along with its international subsidiaries have secured new orders / notification of awards of approx. Rs 2,003 crore.
The details of the aforesaid new orders are as follows: „h
Manish Mohnot, MD & CEO, KPIL, said, ¡§We are pleased with the continuous order inflows in the T&D and B&F businesses. The orders in the B&F business have strengthen our portfolio in the residential and hospital projects and further improved our leadership in the B&F market in India . Additionally, the new orders in the T&D business reflects our expanding footprint in the India and overseas T&D market. With these order wins, our YTD order intake stands around ₹ 17,000 Crores, providing good visibility for growth in the coming quarters.¡¨
Manish Mohnot, MD & CEO, Kalpataru Projects International Limited (KPIL), said, 'We are pleased with the continuous order inflows in the T&D and B&F businesses. The orders in the B&F business have strengthen our portfolio in the residential and hospital projects and further improved our leadership in the B&F market in India . Additionally, the new orders in the T&D business reflects our expanding footprint in the India and overseas T&D market. With these order wins, our YTD order intake stands around Rs 17,000 crore, providing good visibility for growth in the coming quarters.'
The companies bid as a joint venture, with HG Infra holding a 40% share and Kalpataru Projects holding 60%.
The contract entails the design and construction of a 20.527-km elevated metro viaduct between the UG ramp and Balkum Naka, along with the depot approach viaduct and three special spans under the Thane Integral Ring Metro Project.
The estimated project cost is Rs 1,424 crore, while the JV submitted a bid of Rs 1,415 crore, inclusive of all applicable taxes.
The work will be executed on an engineering, procurement and construction (EPC) basis.
Kalpataru Projects International (KPIL) is one of the largest specialized EPC companies engaged in power transmission & distribution, buildings & factories, water supply & irrigation, railways, oil & gas pipelines, urban mobility (flyovers & metro rail), highways and airports.
H.G. Infra Engineering is an Indian road infrastructure company engaged in the business of Engineering, Procurement, and Construction (EPC) services and maintenance of roads, bridges, flyovers, and other infrastructure contract works.
Shares of H.G. Infra Engineering rose 0.05% to close at Rs 863.90, while Kalpataru Projects gained 0.34% to end at Rs 1,228 on the BSE.