Kalpataru Projects International

What Kalpataru Projects International does

Kalpataru Projects International Limited (KPIL) is a publicly listed Indian Engineering, Procurement, and Construction (EPC) company headquartered in Mumbai with a registered office in Gandhinagar, Gujarat. Founded in 1975 and operating across 75+ countries, KPIL delivers large-scale infrastructure projects through eight core verticals: Power Transmission & Distribution (its anchor segment with 30,000+ km executed globally), Buildings & Factories, Water Infrastructure, Railways, Oil & Gas Pipelines, Urban Infrastructure, Manufacturing Plants (240,000 MT per annum tower capacity at Gandhinagar and Raipur), and Biomass Power (15.8 MW combined). Notable technical assets include an in-house R&D Centre recognized by India's Ministry of Science and Technology with tower testing up to 1,200 kV, one of the world's largest HDD pipeline construction fleets (60-360 tonne rigs), and specialized Kalpa-Vriksha Learning Centre for workforce development. Recent strategic additions include Green Hydrogen & Derivatives Solutions and Solar Power EPC offerings.

The company earns revenue primarily through one-time EPC project contracts awarded via competitive tendering with government utilities, multilateral-funded agencies (World Bank, ADB, Exim Bank), and private sector clients. Revenue is recognized over the project execution lifecycle across long-dated contracts, supplemented by modest recurring biomass power generation and a recent divestiture-driven monetization track record (e.g., Rs 775 Crore VEPL sale to Actis). GTM is enterprise-direct via competitive bidding, supplemented by joint venture and consortium arrangements for oversized projects (e.g., H.G. Infra JV for Rs 1,415 crore Thane metro viaduct). FY2025-26 consolidated revenue reached INR 27,143 Crores (+22% YoY) with record net profit of INR 1,031 Crores (+82% YoY), and the order book stood at INR 65,457 Crores with a stated FY27 inflow target of INR 30,000 Crores. Customer concentration is high-ticket and project-anchored, with marquee engagements including Mahatransco, Maharashtra Metro Rail Corporation, Guyana Power and Light (US$199 million), and Whiteland Corporation (Rs 5,600 crore Westin Residences).

Name

Kalpataru Projects International

Legal name

Kalpataru Projects International Limited

Website

https://kalpataruprojects.com

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Kalpataru Projects International (KPIL) is a publicly listed Indian EPC contractor executing power transmission, buildings, water, railways, oil & gas pipelines, and urban infrastructure projects for government utilities, multilateral agencies, and private clients across 75+ countries.

Ownership category

akta.pro rank

Product category

Infrastructure Construction Services

NAICS

Power and Communication Line and Related Structures Construction (237130), Water and Sewer Line and Related Structures Construction (23711), Oil and Gas Pipeline and Related Structures Construction (23712), Engineering Services (541330)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Pipe Lines (No Natural Gas) (4610), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Overhead & Underground Collection System Construction (MV/HV Lines, Duct Banks) (EUAEADAG)

akta.pro secondary industries

Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC), Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE), Nuclear Plant EPC & Construction (EUAEAAAC), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

Keywords

• Power transmission EPC
• Infrastructure construction services
• Oil and gas pipelines
• Railway electrification projects
• Water infrastructure EPC

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, Infrastructure, Operations, Technology or R&D

Revenue model

1. EPC Project Execution: Core revenue from engineering, procurement, and construction of infrastructure projects. Revenue recognized over project execution lifecycle. Segments include Power Transmission & Distribution, Buildings & Factories, Water, Railways, Oil & Gas Pipelines, and Urban Infrastructure. FY2025-26 consolidated revenue of INR 27,143 Crores representing 22% YoY increase.
2. Infrastructure Asset Monetization: Strategic divestment of operational infrastructure assets (e.g., Vindhyachal Expressway sale to Actis for ₹775 crore) to unlock value and redeploy capital into core EPC business.
3. Biomass Power Generation: Two operational biomass power plants in Rajasthan (Padampur 7.8 MW, Tonk 8 MW) generating power and revenue through electricity sales. Plants registered with UNFCCC and certified under Gold Standard.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Kalpataru Projects International Limited (KPIL) is one of India's largest Engineering, Procurement, and Construction (EPC) companies delivering turnkey infrastructure projects across Power Transmission & Distribution, Buildings & Factories, Water Infrastructure, Railways, Oil & Gas Pipelines, and Urban Infrastructure in over 75 countries. The company provides end-to-end EPC solutions including design, engineering, manufacturing of transmission towers, procurement, construction, testing, installation, and commissioning, supported by one of the world's largest tower manufacturing footprints (240,000 MT annual capacity) and specialized equipment fleets.

Product overview

Kalpataru Projects International Limited (KPIL) is a diversified Engineering, Procurement, and Construction (EPC) company with multiple business verticals. The company operates as a platform of specialized EPC services rather than a single unified product, with eight core business streams: Power Transmission & Distribution (its largest segment), Buildings & Factories, Water Infrastructure, Railways Infrastructure, Urban/Infrastructure, Oil & Gas Pipelines, Manufacturing Plants, and Biomass Plants. Additionally, the company has recently expanded into Green Hydrogen & Derivatives Solutions and Solar Power Projects. Each vertical operates independently with specialized expertise, in-house manufacturing capabilities, and project execution teams, unified under the KPIL brand and supported by shared corporate functions including sustainability, HR, and skill development academies.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Transmission & Distribution (T&D)

Quantifiable outcome

• Completed over 30,000 km of transmission line contracts across the globe
• +5 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core and supporting.

• BIN Omairah Contracting CompanycoreStrategic or Co-development Partner · 14 April 2026KPIL completed acquisition of the remaining 35% equity stake in Kalpataru Projects Arabia Company (formerly Kalpataru IBN Omairah Company) from BIN Omairah Contracting Company, making it a wholly owned subsidiary. The transaction received regulatory approvals from Saudi Business Centre and other Saudi authorities, completing full consolidation of the joint venture entity under the parent company.
• H.G. Infra EngineeringcoreStrategic or Co-development Partner · 24 November 2025Joint venture partnership for metro viaduct projects where H.G. Infra holds 40% stake and KPIL holds 60%. The JV was declared L-1 bidder for Rs 1,415 crore metro viaduct project by Maharashtra Metro Rail Corporation involving design and construction of 20.527 km elevated metro line with 36-month completion deadline.
• ITI Kanpur, ITI Nashik, KIIT ITI, PARFI, CIDCsupportingStrategic or Co-development PartnerSuccessful collaborations with ITIs and industry bodies for skill development. KPIL's Kalpataru Skill Development Academy (KSDA) partners with these institutions to provide skilled workmen in Building & Foundations and Water sectors, including overseas manpower training for projects in Africa, Sweden, and other countries.

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Afcons Infrastructure: Shapoorji Pallonji Group's EPC subsidiary focused on infrastructure including metros, tunnels, bridges, highways, marine structures, and oil & gas. Comparable to KPIL's Urban Infrastructure and Oil & Gas Pipelines business units.
• NCC Limited: Diversified Indian construction company executing buildings, roads, water, electrical T&D, and mining projects. Comparable to KPIL in the Buildings & Factories and Water Infrastructure segments, with similar geographic mix across India.
• Hindustan Construction Company: Established Indian heavy civil infrastructure player executing hydropower, tunnels, bridges, metros, and highways. Comparable to KPIL's Urban Infrastructure and hydropower-adjacent work, with similar EPC execution model and government client base.
• Tata Projects: Tata Group's EPC arm executing large-scale infrastructure projects across power transmission, railways, urban infrastructure, water, and oil & gas. Comparable to KPIL as a diversified Indian EPC contractor with strong government and private sector client base.
• KEC International: RPG Group's flagship EPC company specializing in power transmission & distribution (overhead lines, substations, underground cabling) and cables manufacturing. Most direct competitor to KPIL's T&D and tower manufacturing business, with comparable international footprint across 100+ countries.
• Larsen & Toubro: India's largest diversified EPC conglomerate with significant presence in power T&D, buildings & factories, railways, water, hydrocarbons, and heavy civil infrastructure. Directly comparable to KPIL across nearly every business vertical, though at a much larger scale (multiple times KPIL's revenue).

Broad incumbents

• Reliance Infrastructure: Reliance Group's infrastructure arm executing roads, metros, power transmission, and EPC contracts with established international operations. Comparable to KPIL's diversified EPC portfolio though with greater focus on infrastructure concessions.
• Sterling and Wilson Renewable Energy: Shapoorji Pallonji Group company specializing in solar EPC and battery energy storage systems with global footprint. Comparable to KPIL's Solar EPC and Green Hydrogen strategic expansion initiatives, though Sterling and Wilson is more specialized in solar PV.

Emerging players

• Skipper Limited: Indian EPC company focused on power T&D transmission towers, monopoles, and polymer pipes with in-house manufacturing. Comparable to KPIL's tower manufacturing vertical at a smaller scale, competing in similar T&D tenders domestically and internationally.
• Techno Electric & Engineering Company: Indian EPC player in power T&D (substations, transmission), urban electrification, and water infrastructure with captive manufacturing. Comparable to KPIL's substation EPC and distribution infrastructure business at a smaller scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

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

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Kalpataru Projects International