Kalpataru Projects To Raise Rs 200 Crore Via Private Placement Of NCDs

One of the biggest listed, diverse engineering and construction firms in India, Kalpataru Projects International Limited (KPIL) is a part of the prestigious Kalpataru Group. Its activities include power transmission and distribution (T&D), buildings and factories (B&F), water supply and irrigation, railways, oil and gas pipelines, urban mobility (flyovers & metro rail), highways, and airports. Our innovative Engineering, Procurement, and Construction (EPC) solutions have continuously generated sustainable value for a wide range of stakeholders since our founding in 1981, making us one of the biggest international players with operations in more than 70 nations. We are currently working on over 300 projects across more than 30 nations. Furthermore, the acquisitions of Fasttel in Brazil and Linjemontage in Sweden have further enhanced our presence in both countries.

Kalpataru Projects International Ltd. is raising Rs. 200 crore through NCDs

After board approval, Kalpataru Projects International plans to issue non-convertible debentures (NCDs) to raise Rs 200 crore. Twenty thousand NCDs, each with a face value of Rs one million, will be issued as part of the project. The BSE’s Wholesale Debt Market Segment is anticipated to list these NCDs.

The issuance of Rs 200 crore worth of unsecured, rated, listed, and redeemable NCDs on a private placement basis was approved by the board meeting on Wednesday. The goal of this action is to improve Kalpataru Projects International’s financial situation. The issue size could reach Rs 200 crore over one or more tranches, according to the company’s filing, which would be a major step in its operational and expansion strategy.

Finance for Q1 of FY25 for Kalpataru Projects International Ltd

The consolidated net profit of Kalpataru Projects International Ltd. decreased 19.1% to Rs 93 crore in Q1 FY25 despite an 8.2% increase in net sales to Rs 4,587 crore in Q1 FY24.

The shares of Kalpataru Projects International Ltd. are slightly rising

Kalpataru Projects International share price is currently Rs. 1,276.10 per share, up from Rs. 1,286.95 at the previous high, and it is showing a strong move toward the 52-week high.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.