Kalpataru Projects Share Price in Focus on Acquiring Balance 35% Stake in Saudi JV

Kalpataru Projects share price is expected to remain in focus after the company completed the acquisition of the remaining stake in its Saudi Arabia-based joint venture, strengthening its international operations. 

Full Ownership of Saudi Subsidiary 

Kalpataru Projects International Limited has completed the acquisition of the remaining 35% stake in Kalpataru Projects Arabia Company (formerly KIOCL), resulting in 100% ownership.  

The transaction follows the receipt of regulatory approvals from authorities in Saudi Arabia, with the process completed on April 26, 2026.  

Transaction Structure and Financials 

The acquisition was executed through a share sale agreement with the existing joint venture partner, which is not a related party.  

The company acquired 175 equity shares representing the 35% stake for a consideration of SAR 10 million, paid via banking channels.  

Business Profile of Acquired Entity 

The subsidiary operates in the EPC segment, focusing on power transmission, distribution, and substation projects in Saudi Arabia. It has been active in executing high-voltage infrastructure projects in the region.  

Financially, the entity reported a turnover of approximately SAR 90.79 million in FY25, following higher revenues in the previous year, indicating variability in project execution cycles.  

Strategic Implication 

The move allows Kalpataru Projects to gain full control over its Saudi operations, which can enhance execution flexibility and operational efficiency in a key overseas market. Strengthening ownership in this geography aligns with the company’s broader strategy of expanding its global EPC footprint, particularly in the Middle East. 

Read More: KPIL Secures ₹4,439 Crore Power Transmission Orders Across India, Africa, and Sweden! 

Kalpataru Projects Share Price Performance 

As of 27 April 2026, at 3:30 PM, Kalpataru Projects share price closed at ₹1,258.90 per share, reflecting a surge of 1.46% from the previous closing price. 

Conclusion 

The completion of this acquisition consolidates Kalpataru Projects’ presence in Saudi Arabia, positioning the company to better capitalise on infrastructure opportunities in the region. 

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