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Kalpataru Projects Secures Major UAE Oil & Gas EPC Order
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CNBC TV18•28-09-2026, 10:18
Kalpataru Projects Secures Major UAE Oil & Gas EPC Order
- •Kalpataru Projects International Ltd. (KPIL) secured a "major" Engineering, Procurement, and Construction (EPC) order in its oil and gas business in the UAE.
- •The order involves a gas pipeline project in the UAE, with an estimated value exceeding ’4,000 crore, classifying it as a "major" order for KPIL.
- •Manish Mohnot, MD and CEO of Kalpataru Projects, highlighted that this win reinforces the company's proven capabilities and robust track record in the global oil and gas sector.
- •KPIL recently reported strong Q1 earnings, with net profit up 45% to ’310 crore and revenue increasing 4% to ’6,4018 crore.
- •Despite the significant order, Kalpataru Projects' shares traded slightly lower on Monday, though they remain up 15% year-to-date.
Key Questions Answered
Kalpataru Projects International secured a major engineering, procurement and construction (EPC) order for a gas pipeline project in the UAE. The estimated value of these orders exceeds ₹4,000 crore.
For the June quarter, Kalpataru Projects reported a 45% increase in net profit to ₹310 crore and a 4% rise in revenue to ₹6,4018 crore. Its EBITDA grew 7% to ₹562 crore, with margins expanding to 8.77%.
The company announced orders and notification of awards worth ₹2,025 crore spanning the power transmission and distribution, oil and gas, and buildings and factories businesses.
