What Kalpataru Power Transmission does

Kalpataru Projects International Limited (KPIL), formerly Kalpataru Power Transmission Limited, is one of the largest Engineering, Procurement, and Construction (EPC) companies listed on Indian stock exchanges (NSE: KALPATPOWR), headquartered in Mumbai and operating across 75+ countries with a workforce of 28,600+. The company executes diversified infrastructure projects through eight verticals: Power Transmission & Distribution, Buildings & Factories, Water, Railways, Urban Infrastructure, Oil & Gas Pipelines, Manufacturing Plants, and Biomass Plants. Its core technology stack combines in-house design, engineering, manufacturing, testing, installation, and commissioning capabilities, including two transmission-tower manufacturing plants in Gandhinagar and Raipur with in-house galvanizing and painting facilities, and two biomass power plants in Rajasthan with a combined 15.8 MW capacity. Backlog stands at USD 6.9-7.5 billion (Rs 64,682 crore as of September 2025) with 250+ projects under execution and cumulative globally executed orders exceeding USD 14 billion, supported by an AA/Stable credit rating from CRISIL (S&P).

KPIL generates revenue through long-cycle EPC contracts awarded via competitive bidding and direct negotiation with government utilities (e.g., Mahatransco), state electricity boards, international government utilities, and large private infrastructure developers. Contracts span both fixed-price and cost-plus structures, with revenue recognized over multi-year execution periods. The go-to-market is enterprise field sales: direct bidding on domestic and international infrastructure tenders, local subsidiaries and project offices in Africa (Niger, others), Europe (Sweden via Linjemontage/Fasttel), and Latin America (Brazil). Customer segments are organized vertically — power T&D being primary, with buildings & factories, water supply/irrigation, railways, oil & gas, and biomass as secondary. Recent commercial signals include 26% YoY growth in new orders during FY26, an 89% jump in Q2 FY26 net profit to Rs 237 crore, the addition of Rs 2,471 crore in metro-rail/T&D/buildings orders (March 2026), and Rs 4,439 crore in new T&D orders from Africa, India, and Sweden (March 2026). Management has guided to 15% revenue growth and 75-80 bps margin expansion for FY27, with stated interest in building adjacent capabilities in battery storage, hydrogen, and nuclear EPC.

Name

Kalpataru Power Transmission

Legal name

Kalpataru Projects International Limited

Website

https://kalpatarupower.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Kalpataru Projects International Limited is a publicly listed Indian EPC contractor executing diversified infrastructure projects across Power T&D, Buildings & Factories, Water, Railways, Oil & Gas, and Manufacturing, serving government utilities and private developers in 75+ countries with a USD 6.9-7.5 billion order book.

Ownership category

akta.pro rank

Product category

Engineering, Procurement and Construction (EPC) Services

NAICS

Power and Communication Line and Related Structures Construction (237130), Utility System Construction (2371), Electric Power Generation, Transmission and Distribution (2211), Water Supply and Irrigation Systems (221310), Electric Power Generation (22111)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Pipe Lines (No Natural Gas) (4610), Water Supply (4941), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Transmission line EPC & construction (overhead) (EUADAKAA)

akta.pro secondary industries

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Distribution Substations & Switching Stations (MV) EPC (EUAEACAC), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA), Overhead & Underground Collection System Construction (MV/HV Lines, Duct Banks) (EUAEADAG), Environmental & Permitting Compliance During Construction (Erosion Control, Wildlife Mitigation, Monitoring) (EUAMAFAM)

Keywords

• Power transmission EPC
• Infrastructure construction services
• Transmission tower manufacturing
• Railway electrification EPC
• Water infrastructure projects

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. EPC Contracts: Engineering, Procurement, and Construction contracts for large infrastructure projects including power transmission & distribution, buildings & factories, water supply, railways, urban infrastructure, oil & gas pipelines, and airports. Revenue recognized over project execution period with fixed-price and cost-plus contract structures.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Kalpataru Projects International Limited (formerly Kalpataru Power Transmission Limited) is an Engineering, Procurement, and Construction (EPC) company executing turnkey infrastructure projects across power transmission and distribution, buildings and factories, water supply and irrigation, railways, urban infrastructure, oil and gas pipelines, and airports. The company has in-house design, engineering, manufacturing, testing, installation, and commissioning capabilities, including two transmission tower manufacturing plants in India and two biomass power plants in Rajasthan.

Product overview

Kalpataru Projects International Limited (KPIL) is one of the largest Engineering and Construction (EPC) companies listed in India, offering a diversified portfolio of infrastructure services. The company operates eight distinct business verticals that work together to provide comprehensive EPC solutions: Power T&D (transmission towers, substations, turnkey projects), Buildings & Factories (commercial, residential, industrial, data centers), Water infrastructure (supply, irrigation, wastewater), Railways (metro rail, overhead electrification, track systems), Urban Infrastructure (flyovers, bridges), Oil & Gas Pipelines, Manufacturing Plants (transmission tower manufacturing with galvanizing facilities), and Biomass Plants (renewable power generation). These segments collectively serve power, transportation, water, energy, and infrastructure sectors across over 75 countries worldwide, with an order book of USD 6.9 billion and annual consolidated revenue of USD 2.8 billion.

Differentiator

Problem solved

Functional benefit

Products and services

• Power T&D

Quantifiable outcome

• 15 million beneficiaries served through water infrastructure projects
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• KEC International: KEC International is an Indian listed EPC company and one of the world's largest power transmission tower manufacturers, directly competing with KPIL in the same T&D turnkey projects, transmission tower manufacturing, and international markets. Most direct comparable in scale, business mix, and product portfolio.
• Tata Projects: Tata Projects is a major Indian EPC company operating across power T&D, transmission, urban infrastructure, water, oil & gas, and industrial construction — directly comparable to KPIL's diversified EPC verticals, with similar customer base of government utilities and large private developers.
• Adani Energy Solutions: Part of Adani Group, operates power transmission, distribution, and smart metering businesses in India with growing international presence. Directly competes with KPIL in Indian T&D turnkey projects and renewable energy integration infrastructure.
• Skipper Limited: Skipper is an Indian manufacturer and EPC player in transmission towers, power T&D, and polymer pipes — directly overlapping with KPIL in transmission tower manufacturing and T&D construction with similar geographic markets.
• Afcons Infrastructure: Indian EPC company specializing in infrastructure (metros, bridges, tunnels, highways, marine) and oil & gas pipelines. Recently IPO'd on Indian exchanges; comparable to KPIL's urban infrastructure and oil & gas pipeline verticals.
• NCC Limited (Nagarjuna Construction Company): Major Indian EPC company with diversified presence in buildings, transportation (roads, railways, metros), water, and power. Comparable to KPIL's diversified EPC model with similar customer base and project-based execution.
• Power Grid Corporation of India: India's central transmission utility (PSU) — a major customer and competitor of KPIL in transmission infrastructure, operating India's interstate/interregional transmission network. Highly relevant as both a counterpart and benchmark for T&D execution capability in India.

Broad incumbents

• Larsen & Toubro (L&T): India's largest EPC conglomerate with a much broader portfolio across infrastructure, hydrocarbons, power, defense, and IT. Overlaps directly with KPIL in T&D, buildings & factories, railways, and water infrastructure but at significantly larger scale and with deeper capabilities.
• Shapoorji Pallonji Group: Large Indian conglomerate with EPC and construction arm spanning buildings, infrastructure, water, and energy projects. Overlaps with KPIL's buildings & factories and water verticals, though operates as a privately-held diversified group.

Others

• Hitachi Energy India: Global T&D equipment and solutions provider operating in India, supplying substations, transformers, and grid integration technology that complements EPC contractors like KPIL. Adjacent enabler in the T&D value chain rather than direct EPC competitor.

Market position

Weaknesses5 records

Competitive moat6 records

Key risks4 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCX37iJQhBAnhaiVqkS2CkQg
• Facebookfacebook.com/p/Kalpataru-Projects-International-Limited-100066882248446
• LinkedInlinkedin.com/company/kalpataru-projects-international-limited
• Instagraminstagram.com/kalpataruprojectsintltd?igsh=OXFycGM5Ym9hc3R0&utm_source=qr

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kalpataru Power Transmission