Karamtara Engineering Share Price

Karamtara Engineering Limited was incorporated as Karamtara Engineering Private Limited' as a Private Company dated May 8, 1996, issued by the Additional Registrar of Companies, in Mumbai. The status was converted into a Public Company as Karamtara Engineering Limited' dated December 16, 2024 issued by the Registrar of Companies, Central Processing Centre. The Company is backward integrated manufacturer of products for renewable energy and transmission lines sectors. hardware fittings and accessories. The products include Solar MMS, solar tracker piles and piers, solar torque tubes, lattice towers for transmission lines and fasteners for solar, transmission lines, wind power projects applications and industrial fasteners, together with OHTL hardware fittings and accessories. The Company offer lattice structures for transmission lines, fasteners for solar, wind, transmission and industrial sectors, and overhead transmission line. In 1998, Company began its journey by starting production of transmission towers at Unit OHTL Fittings at Tarapur in Maharashtra. In 2004, it established Unit Solar Piles and TLT at Tarapur, through Karamtara Fasteners Private Limited, which got merged with the Company. In 2006, it started production of telecom towers in Tarapur; in 2008, Company set up Unit Profiles in Tarapur, through the merger process. In 2010, it commenced manufacturing of 765kV transmission towers. It acquired a structural steel profiles rolling mill in Nagpur in 2011. Following this acquisition, a subsidiary, Karamtara Italy SRL was incorporated as a subsidiary in 2012. The Company started production of overhead transmission lines at Unit OHTL Fittings at Tarapur in 2013; commenced manufacturing of Solar module mounting structures at Unit Profiles in 2015. The Company incorporated Karamtara USA Inc. as a subsidiary in the USA in 2017. It started production of solar piers at Tarapur in 2019. It started production of torque tubes for solar energy at Unit Solar TT at Tarapur in 2023. The Company has further acquired Karamtara Renewables Saudi Limited as a subsidiary in the Kingdom of Saudi Arabia in 2024. Company is planning an Initial Public Offer by raising funds aggregating upto Rs 1750 Crore Equity Shares comprising a Fresh Issue of Rs 1350 Crore equity shares and Offer for Sale of Rs 400 Crore equity shares.