Kalpataru Projects International Limited (KPIL) has secured a significant international contract with a Letter of Award (LoA) for the Engineering, Procurement and Construction (EPC) of a gas pipeline project in the United Arab Emirates. According to the latest exchange filing dated September 28, 2026, the 'Major' project is valued over ₹4,000 crore, marking a substantial addition to the company's international portfolio. The Mumbai-based EPC company disclosed the win to BSE and NSE through a regulatory filing, noting the order was received in the normal course of business. Despite the announcement, KPIL shares traded lower on the BSE, declining 0.23% to ₹1,391.05 as of latest trading, showing a slight recovery from earlier session lows. The stock had opened higher at ₹1,420 and touched an intraday high of ₹1,424.80 before sellers dominated, with 58.16% of traded quantity on the sell side and total traded value standing at ₹8.28 crore in early trade.
Following this latest order win, the total order inflow for FY27 (year-to-date) stands at ₹13,219 crore. As reported by the company's MD & CEO Manish Mohnot, the company has secured orders worth ₹13,219 crore in the current financial year, so far. The company is favourably placed or L1 for orders exceeding ₹12,000 crore, giving KPIL further visibility for the year. The company's order book stood at ₹65,457 crore at the end of FY26, while FY26 order inflows were ₹26,400 crore. With the latest wins, KPIL's order intake for the current financial year has reached nearly half its annual target, demonstrating strong momentum in securing major infrastructure projects across multiple sectors.
Manish Mohnot, MD & CEO of KPIL, expressed significant satisfaction with the UAE gas pipeline project win, stating that "We are delighted to secure this prestigious international project, which reinforces our proven capabilities and robust track record in the global Oil and Gas sector. This win stands as a powerful testament to our technical expertise, operational excellence and capability to scale global operations." The diversified wins across transmission and distribution, buildings and factories, and oil and gas sectors demonstrate the company's technical capabilities and client confidence in its execution capabilities, with this international success further validating their global expansion strategy.
This latest order win follows another significant contract secured in August worth ₹3,426 crore for construction of an industrial plant and residential building, along with power transmission and distribution projects. As reported by the company, this demonstrates their consistent ability to secure major infrastructure projects across multiple sectors. The company currently has more than 250 projects under execution across over 30 countries, operating across power transmission and distribution, buildings and factories, water, railways, oil and gas infrastructure, urban mobility, highways and airports. KPIL operates two manufacturing facilities in India for fabrication of power transmission towers, heavy metal structures, scaffolding and formwork systems, while this latest UAE project reinforces their growing international presence. The company currently has over 250 projects under execution across 30-plus countries, with a global footprint spanning 75 nations.
In Q1FY27, KPIL delivered strong financial results with revenue rising 4% YoY to ₹6,407.97 crore compared to ₹6,171.2 crore in the previous year. The company's consolidated net profit increased 45.15% to ₹310.06 crore from ₹214 crore last year, while EBITDA increased 7% to ₹562 crore from ₹525 crore last fiscal. Most notably, the company's margin expanded to 8.77% from 8.51% in the year-ago period, indicating improved operational efficiency. For FY26, KPIL reported ₹27,143 crore in consolidated revenue, up from ₹22,316 crore a year earlier, while consolidated profit for the year stood at ₹1,031 crore, compared with ₹567 crore in FY25. The company's total market capitalisation was ₹23,460.73 crore as of the latest trading session.
