| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 2,095 | 2,496 | 2,756 | 3,527 | 2,779 | 3,229 | 3,172 | 3,547 | 2,335 | 3,061 | 3,726 | 4,104 | 3,218 | 3,563 | 4,116 | 4,169 | 3,691 | 3,808 | 4,006 | 5,004 | 4,259 | 4,531 | 4,910 | 5,991 | 4,609 | 4,947 | 5,743 | 7,080 | 6,188 | 6,552 |
| Expenses | 1,812 | 2,167 | 2,421 | 3,111 | 2,413 | 2,804 | 2,781 | 3,220 | 2,061 | 2,652 | 3,118 | 3,641 | 2,907 | 3,310 | 3,573 | 3,833 | 3,374 | 3,454 | 3,630 | 4,550 | 3,859 | 4,148 | 4,472 | 5,519 | 4,208 | 4,492 | 5,253 | 6,529 | 5,646 | 5,967 |
| EBITDA | 283 | 329 | 335 | 416 | 366 | 425 | 391 | 327 | 274 | 409 | 608 | 463 | 311 | 253 | 543 | 336 | 317 | 354 | 376 | 454 | 400 | 383 | 438 | 472 | 401 | 455 | 490 | 551 | 541 | 585 |
| Operating Profit % | 13 % | 13 % | 12 % | 11 % | 13 % | 13 % | 12 % | 9 % | 12 % | 13 % | 11 % | 11 % | 9 % | 7 % | 8 % | 7 % | 8 % | 9 % | 9 % | 7 % | 9 % | 8 % | 9 % | 8 % | 8 % | 9 % | 8 % | 8 % | 9 % | 9 % |
| Depreciation | 49 | 49 | 57 | 56 | 76 | 79 | 91 | 94 | 96 | 98 | 95 | 84 | 86 | 91 | 93 | 81 | 90 | 94 | 98 | 110 | 120 | 114 | 121 | 119 | 119 | 117 | 123 | 138 | 129 | 126 |
| Interest | 98 | 98 | 104 | 101 | 122 | 133 | 128 | 138 | 124 | 113 | 103 | 96 | 98 | 98 | 102 | 98 | 100 | 116 | 119 | 132 | 115 | 137 | 124 | 142 | 144 | 150 | 164 | 118 | 122 | 137 |
| Profit Before Tax | 136 | 182 | 174 | 259 | 168 | 213 | 172 | 95 | 54 | 198 | 410 | 283 | 127 | 64 | 348 | 157 | 127 | 144 | 159 | 212 | 165 | 132 | 193 | 211 | 137 | 188 | 202 | 296 | 290 | 322 |
| Tax | 47 | 64 | 60 | 100 | 61 | 76 | 39 | 82 | 26 | 59 | 102 | 96 | 49 | -19 | 89 | 42 | 39 | 46 | 50 | 72 | 52 | 43 | 49 | 43 | 53 | 63 | 62 | 78 | 77 | 84 |
| Net Profit | 89 | 118 | 114 | 159 | 107 | 137 | 133 | 13 | 28 | 139 | 308 | 187 | 78 | 83 | 259 | 115 | 88 | 98 | 109 | 140 | 113 | 90 | 144 | 169 | 84 | 126 | 140 | 218 | 214 | 237 |
| EPS in ₹ | 5.54 | 7.42 | 7.10 | 9.85 | 6.50 | 8.58 | 8.21 | 2.00 | 2.88 | 9.38 | 20.60 | 11.68 | 5.39 | 5.57 | 18.13 | 7.19 | 5.43 | 5.78 | 7.92 | 9.74 | 7.09 | 5.48 | 8.70 | 10.11 | 5.71 | 7.73 | 8.67 | 13.42 | 12.51 | 14.06 |
Kalpataru Projects International
Kalpataru Projects International
1,172.70
+3.80
(0.33%)
Market Cap
₹20,026.50 Cr
PE Ratio
24.64
Volume
58,370.00
Day High - Low
₹1,178.60 - ₹1,162.00
52W High-Low
₹1,352.85 - ₹786.30
Key Fundamentals
Market Cap
20,026.50 Cr
EPS
35.53
PB Ratio
2.86
Book Value
407.68
EBITDA
1,896.60
Dividend Yield
0.77 %
Industry
Construction Sector
Civil Construction ROE Growth %
-
Debt to Equity
0.71
Analyst Rating and Forecast
- By Refinitiv from16 analysts
Actual
Company News
View All News
Sunita Choraria pledges 1.5 lakh equity shares worth ₹17.33 crores against loan facility of ₹40 crores from Tata Capital for general corporate purposes.
Kalpataru Projects International receives an ESG rating of 60 from SEBI-registered CFC Finlease Private Limited. The rating was assigned independently based on publicly available information without company engagement.
Kalpataru Projects International receives penalty of TND 134,446 (₹41.08 lakhs) from Tunisia's CNSS for additional social security contributions covering July 2022 to June 2025 period.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
4,074.10 | #1 5,60,415.27 | 28.81 | #1 2,59,859.30 | 15.35 | #1 17,687 | 14.13 | 61.47 | |
313.90 | 65,448.78 | 57.22 | 20,922.80 | -9.28 | 1,282 | -19.66 | 44.50 | |
109.57 | 29,583.90 | 47.52 | 12,273.00 | 15.34 | 557 | 25.26 | 43.71 | |
41.26 | 24,916.91 | #1 3.83 | 8,031.50 | -2.08 | 6,481 | 40.94 | 33.66 | |
1,172.70 | #5 20,026.50 | #2 24.64 | #2 22,378.30 | #5 13.65 | #6 567 | #1 89.01 | 39.11 | |
690.95 | 18,393.09 | 26.66 | 21,917.60 | 9.77 | 571 | 88.29 | 36.83 | |
157.16 | 14,781.15 | 24.80 | 11,131.00 | -13.52 | 728 | -33.71 | 46.27 | |
399.70 | 14,700.35 | 29.36 | 13,022.80 | -4.57 | 487 | -22.38 | 43.51 | |
830.45 | 14,266.10 | 31.86 | 9,152.60 | 17.86 | 373 | 49.17 | 52.91 | |
1,104.00 | 12,839.47 | 27.25 | 2,428.60 | #1 48.22 | 378 | 10.40 | 34.69 |
Growth Rate
Revenue Growth
13.65 %
Net Income Growth
9.96 %
Cash Flow Change
8.42 %
ROE
-13.08 %
ROCE
-3.75 %
EBITDA Margin (Avg.)
-1.40 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 8,967 | 9,486 | 10,222 | 12,402 | 14,148 | 15,779 | 15,354 | 17,212 | 19,581 | 22,038 | 25,584 |
| Fixed Assets | 3,204 | 3,082 | 3,061 | 3,062 | 3,141 | 3,445 | 3,472 | 3,559 | 3,124 | 3,073 | 3,252 |
| Current Assets | 5,013 | 5,596 | 6,311 | 7,926 | 9,202 | 11,798 | 11,321 | 12,914 | 15,751 | 18,279 | 21,510 |
| Capital Work in Progress | 398 | 27 | 117 | 724 | 16 | 54 | 34 | 25 | 52 | 33 | 29 |
| Investments | 0 | 63 | 45 | 51 | 2 | 1 | 1 | 5 | 5 | 0 | 150 |
| Other Assets | 5,366 | 6,314 | 6,999 | 8,566 | 10,990 | 12,279 | 11,846 | 13,624 | 16,400 | 18,931 | 22,154 |
| Total Liabilities | 8,967 | 9,486 | 10,222 | 12,402 | 14,148 | 15,779 | 15,354 | 17,212 | 19,581 | 22,038 | 25,584 |
| Current Liabilities | 3,718 | 4,314 | 4,692 | 6,018 | 6,693 | 8,333 | 8,343 | 9,534 | 12,600 | 14,788 | 16,943 |
| Non Current Liabilities | 2,891 | 2,770 | 2,957 | 3,564 | 4,175 | 3,951 | 3,152 | 3,260 | 2,287 | 2,137 | 2,172 |
| Total Equity | 2,359 | 2,401 | 2,573 | 2,820 | 3,280 | 3,495 | 3,859 | 4,418 | 4,694 | 5,113 | 6,469 |
| Reserve & Surplus | 2,186 | 2,217 | 2,391 | 2,643 | 3,089 | 3,328 | 3,709 | 4,249 | 4,688 | 5,106 | 6,479 |
| Share Capital | 31 | 31 | 31 | 31 | 31 | 31 | 30 | 30 | 33 | 33 | 34 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 18 | -9 | 93 | 17 | -19 | 265 | 29 | 524 | -104 | 53 | 595 |
| Investing Activities | -605 | -387 | -235 | -699 | -835 | -713 | -6 | -214 | -323 | -266 | -718 |
| Operating Activities | 72 | 1,104 | 766 | 650 | 1,035 | 937 | 931 | 714 | 656 | 843 | 914 |
| Financing Activities | 551 | -726 | -439 | 66 | -219 | 40 | -897 | 25 | -438 | -524 | 400 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Jan 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 56.49 % | 54.55 % | 54.55 % | 51.58 % | 51.58 % | 51.55 % | 51.55 % | 51.53 % | 47.24 % | 47.24 % | 41.08 % | 41.07 % | 40.59 % | 40.59 % | 35.24 % | 35.24 % | 33.52 % | 33.52 % | 33.52 % | 33.57 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 8.49 % | 0.00 % | 8.17 % | 10.06 % | 10.71 % | 12.68 % | 11.60 % | 11.83 % | 11.98 % |
| DIIs | 26.45 % | 27.62 % | 27.94 % | 33.43 % | 35.75 % | 35.94 % | 36.76 % | 37.05 % | 38.75 % | 37.76 % | 42.42 % | 42.71 % | 42.70 % | 43.64 % | 45.60 % | 45.93 % | 45.60 % | 45.03 % | 44.81 % | 44.10 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.01 % | 0.01 % | 0.01 % |
| Public / Retail | 6.80 % | 6.67 % | 6.49 % | 6.25 % | 5.82 % | 5.80 % | 5.33 % | 4.79 % | 6.67 % | 6.37 % | 6.46 % | 5.92 % | 6.02 % | 5.77 % | 6.85 % | 6.46 % | 6.54 % | 7.81 % | 7.82 % | 8.04 % |
| Others | 10.27 % | 11.16 % | 11.02 % | 8.74 % | 6.85 % | 6.71 % | 6.37 % | 6.64 % | 7.34 % | 8.64 % | 10.05 % | 1.81 % | 10.68 % | 1.83 % | 2.25 % | 1.67 % | 1.66 % | 2.04 % | 2.02 % | 2.31 % |
| No of Share Holders | 0 | 0 | 53,955 | 58,423 | 61,755 | 62,284 | 62,428 | 63,117 | 60,421 | 76,073 | 64,671 | 64,395 | 68,851 | 76,744 | 91,938 | 1,04,873 | 1,12,185 | 1,20,183 | 1,21,346 | 1,20,825 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 2 | 2.5 | 3 | 3.5 | 10 | 6.5 | 7 | 8 | 9 |
| Dividend Yield (%) | 0.00 | 0.41 | 0.53 | 1.64 | 0.93 | 2.73 | 1.18 | 1.34 | 0.82 | 0.77 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 20 Feb 2021 |  Dividend | ₹ 8.50 /share | 17 Feb 2021 | 364.20 | 379.90 |
| 08 Jul 2021 | Dividend | ₹ 1.50 /share | 07 Jul 2021 | 383.20 | 427.65 |
| 28 Jul 2022 | Dividend | ₹ 6.50 /share | 27 Jul 2022 | 348.20 | 369.60 |
| 10 Apr 2023 |  Change Of Name | NA | 10 Apr 2023 | 519.50 | 519.50 |
| 06 Jul 2023 | Dividend | ₹ 7.00 /share | 06 Jul 2023 | 532.85 | 547.55 |
| 28 Jun 2024 | Dividend | ₹ 8.00 /share | 28 Jun 2024 | 1,206.95 | 1,182.70 |
| 15 Jul 2024 |  Annual General Meeting | NA | 15 Jul 2024 | 1,220.20 | 1,356.95 |
| 28 Oct 2024 |  Quarterly Result Announcement | NA | 28 Oct 2024 | 1,250.35 | 1,184.50 |
| 13 Feb 2025 | Quarterly Result Announcement | NA | 13 Feb 2025 | 1,040.35 | 966.10 |
| 16 May 2025 | Quarterly Result Announcement | NA | 16 May 2025 | 919.60 | 1,061.40 |
| 23 Jun 2025 | Dividend | ₹ 9.00 /share | 23 Jun 2025 | 1,061.40 | 1,160.20 |
| 10 Jul 2025 | Annual General Meeting | NA | 10 Jul 2025 | 1,169.90 | 1,199.70 |
| 07 Aug 2025 | Quarterly Result Announcement | NA | 07 Aug 2025 | 1,146.00 | 1,115.90 |
| 31 Oct 2025 | Quarterly Result Announcement | NA | 31 Oct 2025 | 1,250.80 | 1,262.40 |
Announcements
Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations 2011.
2 days ago
2 days agoIntimation Of ESG Rating By CFC Finlease Private Limited Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 20152 days ago
2 days agoDisclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 20153 days ago
3 days agoKPIL AWARDED NEW ORDERS OF ? 2003 CRORES4 days ago
4 days agoIntimation Of ESG Rating By NSE Sustainability Ratings & Analytics Limited Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 20154 days ago
4 days agoDisclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 20155 days ago
5 days agoDisclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 20158 days ago
8 days agoDisclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Nov 27, 2025
Nov 27, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 18, 2025
Nov 18, 2025Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Nov 14, 2025
Nov 14, 2025Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Nov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 31, 2025
Oct 31, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 31, 2025
Oct 31, 2025Announcement under Regulation 30 (LODR)-Investor PresentationOct 31, 2025
Oct 31, 2025Extension Of Tenure Of Counter Bank Guarantee(S)Oct 31, 2025
Oct 31, 2025Announcement under Regulation 30 (LODR)-Change in ManagementOct 31, 2025
Oct 31, 2025Outcome Of Board Meeting Held On October 31 2025Oct 31, 2025
Oct 31, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On October 31 2025Oct 31, 2025
Oct 31, 2025Consolidated And Standalone Unaudited Financial Results For The Quarter And Half Year Ended On September 30 2025Oct 31, 2025
Oct 31, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 27, 2025
Oct 27, 2025Board Meeting Intimation for Meeting Of The Board Of Directors Of The Company Scheduled To Be Held On Friday 31St October 2025Oct 27, 2025
Oct 27, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderOct 23, 2025
Oct 23, 2025Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations 2011.Oct 18, 2025
Oct 18, 2025Announcement under Regulation 30 (LODR)-Credit RatingOct 17, 2025
Oct 17, 2025Certificate from CEO/CFOOct 09, 2025
Oct 09, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 09, 2025
Oct 09, 2025Intimation Of Change In Email Address Of MUFG Intime India Private Limited Registrar And Share Transfer Agent Of The CompanyOct 01, 2025
Oct 01, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Sep 25, 2025
Sep 25, 2025Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations 2011.Sep 24, 2025
Sep 24, 2025Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Sep 19, 2025
Sep 19, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 19, 2025
Sep 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 17, 2025
Sep 17, 2025Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Sep 12, 2025
Sep 12, 2025Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Sep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderSep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 05, 2025
Sep 05, 2025Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Sep 01, 2025
Sep 01, 2025Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 30, 2025
Aug 30, 2025Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 29, 2025
Aug 29, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 28, 2025
Aug 28, 2025Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 28, 2025
Aug 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 13, 2025
Aug 13, 2025Reply To Clarification Sought On Increase In Volume Of Shares Of The CompanyAug 11, 2025
Aug 11, 2025Clarification sought from Kalpataru Projects International LtdAug 11, 2025
Aug 11, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 08, 2025
Aug 08, 2025Mutual Fund Holdings
ICICI Prudential Balanced Advantage Direct-Growth 
Mirae Asset Large Cap Fund Direct- Growth 
TRUSTMF Small Cap Fund Direct-Growth 
Kotak Infrastructure and Economic Reform Fund Direct-Growth 
JM Value Fund Direct Plan-Growth 
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth 
Shriram Multi Asset Allocation Fund Direct - Growth 
JioBlackRock Nifty Smallcap 250 Index Fund Direct - Growth 
HDFC Nifty Smallcap 250 Index Fund Direct-Growth 
Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth 
SBI Nifty Smallcap 250 Index Fund Direct - Growth 
Edelweiss Nifty Smallcap 250 Index Fund Direct - Growth 
Groww Nifty Smallcap 250 Index Fund Direct - Growth 
Aditya Birla Sun Life BSE India Infrastructure Index Fund Direct-Growth 
Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 39.11
ATR(14)
Less Volatile 32.80
STOCH(9,6)
Neutral 42.14
STOCH RSI(14)
Neutral 48.68
MACD(12,26)
Bearish -1.28
ADX(14)
Strong Trend 29.70
UO(9)
Bearish 48.66
ROC(12)
Downtrend And Accelerating -4.27
WillR(14)
Neutral -56.37
About Kalpataru Projects International
Kalpataru Projects International Limited (formerly Kalpataru Power Transmission Limited) is a global EPC company specializing in infrastructure projects. The company operates in multiple sectors including power transmission and distribution, buildings and factories, water supply, railways, oil and gas pipelines, urban mobility, highways, and airports. It has a presence in over 70 countries and executes projects in more than 30 nations. The company's services encompass design, testing, fabrication, erection, and construction for various infrastructure projects. Kalpataru has manufacturing facilities in Gandhinagar and Raipur, and has expanded its capabilities through acquisitions and subsidiaries. The company has a strong track record in transmission line projects and has diversified into other infrastructure segments. In 2023, Kalpataru merged with its subsidiary JMC Projects (India) Ltd., further expanding its project portfolio and capabilities.
Chairperson NameMofatraj P Munot
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