Kalpataru Projects International Limited (KPIL) has announced that its Saudi Arabian subsidiary, Kalpataru Projects Arabia Company, has officially become a wholly owned subsidiary effective April 14, 2026. This update follows the completion of requisite regulatory approvals from the Saudi Business Centre and other local authorities on April 26, 2026. The acquisition involved the purchase of the remaining 35% equity stake from joint venture partner BIN Omairah Contracting Company Limited.

This strategic move, initially signed through a Share Sale, Exit, and Release Agreement on February 23, 2026, saw KPIL acquire 175 equity shares for a cash consideration of SAR 10 Million. The target entity, formerly known as Kalpataru IBN Omairah Company Limited (KIOCL), reported a turnover of approximately SAR 90.79 Million for the fiscal year ended March 31, 2025. By moving from a 65% to a 100% ownership stake, KPIL aims to significantly strengthen its operational presence in the Kingdom of Saudi Arabia’s growing market.

Kalpataru Projects International Limited is a leading Indian EPC (Engineering, Procurement, and Construction) giant with a global footprint in over 30 countries. The company specializes in Power Transmission and Distribution, Buildings and Factories, Water Supply, Railways, and Oil & Gas pipelines. In 2025, KPIL demonstrated significant momentum, securing new orders worth ₹3,789 Crores in June, which included its largest-ever Buildings & Factories contract. By March 2026, the company surpassed its annual order intake target of ₹26,000 Crores, bolstered by major international wins across Africa and Sweden.

For the quarter ended December 2025 (Q3 FY26), KPIL reported a consolidated total income of ₹6,693.76 Crores. This represents a robust Year-over-Year (YoY) growth of 16.6% compared to ₹5,742.76 Crores in the same period last year. On a Quarter-on-Quarter (QoQ) basis, revenue saw a modest increase of 2.2%. However, the Profit After Tax (PAT) for Q3 FY26 stood at ₹149.05 Crores, marking a 6.8% increase YoY but a 37.2% decline from the preceding quarter. Notable institutional investors tracking the company include major Mutual Funds and Foreign Institutional Investors (FIIs), who collectively held over 50% of the company’s shareholding as of early 2026.