Updates

Kalpataru Projects wins Rs 2,349 crore domestic orders, FY27 inflows top Rs 22,000 crore

Kalpataru adds Lokhandwala redevelopment to its Mumbai portfolio

Kalpataru Aster enters pre-launch in Pune as the developer expands its footprint

Kalpataru’s Wakad pipeline adds 25-storey Melody pre-launch

Kalpataru Crescendo enters pre-launch in Wakad, Pune

Kalpataru Elaara — New Launch in Goregaon West, Mumbai: RERA: PM1180002600918

RERA: PM1180002600918 Price: ₹3.12 Cr onwards Configurations: 2 BHK, 3 BHK, 4 BHK, Jodi Possession: May 2030

KALPATARU SUMAN NAGAR CHEMBUR REDEVELOPMENT — New Project Coming Up in Suman Nagar, Mumbai

KALPATARU SUMAN NAGAR CHEMBUR REDEVELOPMENT is a upcoming project by Kalpataru in Suman Nagar, Mumbai — 5 acres, 350 units.

KALPATARU BANGUR NAGAR GOREGAON REDEVELOPMENT (HARI NIKETAN CHS) — New Project Coming Up in Bangur Nagar, Mumbai

KALPATARU BANGUR NAGAR GOREGAON REDEVELOPMENT (HARI NIKETAN CHS) is a upcoming project by Kalpataru in Bangur Nagar, Mumbai.

Kalpataru Limited Adopts Maharashtra Government's Model SRO System for Seamless Property Registration

Kalpataru Limited becomes among the first real estate companies in Mumbai to adopt the Model Sub Registration Office (SRO) system developed by Maharashtra's Inspector General of Registration with VFS Global, utilizing the facility at Bandra Kurla Complex for streamlined property registration.

Kalpataru Projects International Secures Major EPC Gas Pipeline Contract in UAE Valued Over ₹4,000 Crore

Kalpataru Projects International wins a major gas pipeline EPC contract in the UAE, classified as a 'Major' order exceeding ₹4,000 crore, expanding the company's footprint in Middle East energy infrastructure.

Kalpataru Projects International Wins ₹2,025 Crore New Orders, YTD Order Inflow Reaches ₹13,219 Crore

Kalpataru Projects International announced new orders and notifications of awards worth approximately Rs 2,025 crore across its Indian and international markets spanning Power Transmission & Distribution, Buildings & Factories, and Oil & Gas businesses.

KALPATARU CREST — New Project Coming Up in Bhandup West, Mumbai

KALPATARU CREST is a new launch project by Kalpataru in Bhandup West, Mumbai — 5.05 acres, 432 units, RERA P51800000795.

KALPATARU AVENUE — New Project Coming Up in Kandivali East, Mumbai

KALPATARU AVENUE is a new launch project by Kalpataru in Kandivali East, Mumbai — priced from Rs. 1.12 Cr onwards, 0.41 acres, 105 units, RERA P51800003417.

Kalpataru Projects International Receives ESG Rating of 62 from Niche Ninety Nine

Niche Ninety Nine assigned Kalpataru Projects International an ESG rating of 62 on September 18, 2026.

Kalpataru Power Transmission Sweden AB Board Approves Share Offering in LMG's Nasdaq Stockholm IPO

Kalpataru Power Transmission Sweden AB, a wholly owned subsidiary of Kalpataru Projects International, has approved offering its equity shares in Linjemontage I Grtorp AB (LMG) as part of LMG's IPO and listing on Nasdaq Stockholm.

KALPATARU COLONY — New Project Coming Up in Karvenagar, Pune

KALPATARU COLONY is a upcoming project by Kalpataru in Karvenagar, Pune.

KALPATARU ESTATE BUILDING 8 — New Project Coming Up in Pimple Gurav, Pune

KALPATARU ESTATE BUILDING 8 is a new launch project by Kalpataru in Pimple Gurav, Pune — priced from Rs. 1.58 Cr onwards, 0.48 acres, 69 units, RERA P52100017535.

KALPATARU BLOSSOMS — New Project Coming Up in Vadgaon, Pune

KALPATARU BLOSSOMS is a new launch project by Kalpataru in Vadgaon, Pune — priced from Rs. 1.45 Cr onwards, 3.5 acres, RERA P52100077659 (Tower 1) | P52100077649 (Tower 2) | P52100077750 (Tower 3).

KALPATARU VIVANT — New Project Coming Up in Jogeshwari East, Mumbai

KALPATARU VIVANT is a new launch project by Kalpataru in Jogeshwari East, Mumbai — priced from Rs. 1.18 Cr onwards (all-inclusive), 6.2 acres, RERA P51800034531 | P51800045360 | P51800045409 | P51800047620 | P51800047621 | P51800051153 | P51800051328 | P51800053558 | P51800053828 | P51800077538.

KALPATARU ARIA — New Project Coming Up in Kalote-Mokashi Range foothills, Karjat

KALPATARU ARIA is a new launch project by Kalpataru in Kalote-Mokashi Range foothills, Karjat — priced from Rs. 96 Lacs onwards, 80 acres, RERA P52000051573.

KALPATARU CHEMBUR — New Project Coming Up in Suman Nagar, Mumbai

KALPATARU CHEMBUR is a upcoming project by Kalpataru in Suman Nagar, Mumbai.

KALPATARU ASHOKGRAM CLUSTER — New Project Coming Up in Ashok Nagar, Mumbai

KALPATARU ASHOKGRAM CLUSTER is a new launch project by Kalpataru in Ashok Nagar, Mumbai — 2.8 acres.

KALPATARU VIAN — New Project Coming Up in Lokhandwala, Andheri West, Mumbai

KALPATARU VIAN is a new launch project by Kalpataru in Lokhandwala, Andheri West, Mumbai — priced from Rs. 5.61 Cr onwards, 4 acres, RERA PR1180002600863.

KALPATARU SOLITAIRE — New Project Coming Up in Juhu, Mumbai

KALPATARU SOLITAIRE is a new launch project by Kalpataru in Juhu, Mumbai — priced from Rs. 14.44 Cr onwards, 0.99 acres, 101 units, RERA P51800000699.

KALPATARU ELAARA — New Project Coming Up in Bangur Nagar, Mumbai

KALPATARU PRIMERA — New Project Coming Up in Kalpataru Parkcity, Thane

KALPATARU SUGAN ENCLAVE — New Project Coming Up in Boranada, Jodhpur

KALPATARU ESTELLA TOWER C — New Project Coming Up in Kalpataru Parkcity, Thane

KALPATARU VIVANT - NORTH WING F — New Project Coming Up in Andheri East, Mumbai

KALPATARU VIVANT SOUTH RIDGE WING A — New Project Coming Up in Andheri East, Mumbai

KALPATARU EXQUISITE ELITA — New Project Coming Up in Kaspate Vasti, Pune

Kalpataru Projects International Bags ₹3,526 Crore in New Orders Across Industrial, T&D and Residential Building Segments, FY27 Order Intake Crosses ₹11,000 Crore

KPIL announced fresh domestic orders worth ~₹3,526 crore spanning an industrial plant EPC contract, power T&D projects and residential building orders, pushing FY27 year-to-date order inflows past ₹11,000 crore.

Kalpataru Projects International's Board Approves ₹150 Crore Capex for New Rolling Mill at Raipur Plant

KPIL's board sanctioned ₹150 crore in capital expenditure to set up a new rolling mill at its Raipur manufacturing plant as part of a backward-integration strategy.

Kalpataru Projects International (KPIL) Reports Record Q1 FY27 Results: Consolidated PAT Surges 46% to ₹312 Crore, Order Book Hits All-Time High of ₹66,607 Crore

Kalpataru Projects International posted its highest-ever Q1 revenue, EBITDA and profitability for the quarter ended June 30, 2026, with consolidated net debt down 67% YoY and order book at a record ₹66,607 crore.

Dr. Shailendra Raj Mehta Ceases to be Independent Director of Kalpataru Projects International, Effective August 2, 2026

Kalpataru Projects International disclosed that Dr. Shailendra Raj Mehta ceased to be an Independent Director on August 2, 2026, following the natural conclusion of his tenure.

Kalpataru Projects International Wins GST Appeal, Penalty for FY2020-21 Slashed from ₹42.80 Lakh to ₹0.4 Lakh

The GST Appellate Authority ruled in Kalpataru Projects International's favour, cutting a penalty for alleged wrongful input tax credit availed in FY2020-21 to a fraction of the original demand.

Kalpataru Subsidiary Kalpataru Properties Private Limited Receives ICRA [BBB-]/Stable Rating for ₹230.56 Crore HDFC Bank Term Loan

Kalpataru's subsidiary Kalpataru Properties Private Limited has been assigned a [ICRA]BBB- (Stable) rating by ICRA for a long-term term loan of ₹230.56 crore from HDFC Bank.

Kalpataru Projects International Wins GST Case, ₹1.52 Crore Demand for FY 2019-20 Set Aside

The Appellate Authority quashed a ₹1.52 crore GST demand against Kalpataru Projects International for FY 2019-20, reducing the company's contingent liabilities.

Kalpataru Projects International Concludes 45th AGM: Shareholders Formally Declare ₹11 Dividend, Approve FY26 Accounts and Gautam Mehra's Appointment

KPIL's 45th AGM concluded on July 15, 2026 with shareholders formally declaring the FY26 final dividend, adopting audited accounts, and ratifying the appointment of Gautam Mehra as Independent Director.

Kalpataru Launches Tower C of Estella at Kalpataru Parkcity, Thane in Q1 FY27

Alongside its Q1 FY27 operational update, Kalpataru announced the launch of Tower C at Estella, its residential project within the Kalpataru Parkcity township in Thane.

Kalpataru Limited Reports Q1 FY27 Pre-Sales of ₹1,329 Crore (Up 6% YoY), Collections Surge 17% to ₹1,365 Crore

Kalpataru's Q1 FY27 operational update shows pre-sales rising 6% year-on-year to ₹1,329 crore and collections up 17% to ₹1,365 crore, alongside new launches including Kalpataru Vian in Andheri West and Tower C of Estella in Thane.

Kalpataru's Lokhandwala Redevelopment Launched as 'Kalpataru Vian' with MahaRERA Registration PR1180002600863

Kalpataru's previously 'Upcoming' Lokhandwala Complex project has been formally launched under the name Kalpataru Vian, offering luxury 3, 4 & 4.5 BHK residences with MahaRERA registration PR1180002600863.

Kalpataru Amare Launched in Juhu, Mumbai — Luxury 3, 3.5 & 4 BHK Residences with RERA Registration P51800056013

Kalpataru Group has launched Kalpataru Amare, a luxury residential project in Juhu, Mumbai, registered under MahaRERA number P51800056013. The project offers 3, 3.5, and 4 BHK residences spread across 16 habitable floors, priced from ₹9.99 crore, with possession targeted in 2027.

Kalpataru Limited Allots 8,100 Equity Shares Under ESOP 2024 Scheme

Kalpataru Limited's Nomination and Remuneration Committee approved the allotment of 8,100 equity shares under its ESOP 2024 scheme, marginally increasing paid-up equity capital.

Kalpataru Limited Schedules 38th AGM for August 3, 2026 with Financial Statement Approval and Director Reappointment on Agenda

Kalpataru Limited has scheduled its 38th Annual General Meeting for August 3, 2026, where shareholders will vote on FY26 financial statements, the reappointment of director Narendra Kumar Lodha, and the appointment of new secretarial auditors.

Kalpataru One (Worli) Wins 'Best Integrated Marketing Campaign of the Year' at RealtyView Leadership Summit & Awards 2026 (Maharashtra)

Kalpataru's Worli luxury project 'Kalpataru One' was honoured with the 'Best Integrated Marketing Campaign of the Year' award at the RealtyView Leadership Summit & Awards 2026 held in Maharashtra.

Kalpataru Limited Approves Merger of Step-Down Subsidiary Kalpataru Hills Residency into Kalpataru Properties (Thane)

Kalpataru Limited's board approved the amalgamation of its step-down subsidiary Kalpataru Hills Residency Private Limited (KHRPL) into wholly-owned subsidiary Kalpataru Properties (Thane) Limited (KPTL) under Section 233 of the Companies Act, 2013. The internal restructuring aims to streamline the group's Thane real estate operations with no change to shareholding or material financial impact.

NCLT Mumbai Bench Approves Withdrawal of Kalpataru's Project Magnus Demerger Scheme; Order Received July 8, 2026

The National Company Law Tribunal (NCLT), Mumbai Bench Court III, Special Bench, has formally approved Kalpataru Limited's application to withdraw the scheme of arrangement that had proposed demerging Project Magnus in Bandra East from Kalpataru Properties Ltd. The order was received by the company on July 8, 2026.

India Ratings Upgrades Kalpataru Projects International's Long-Term Rating to 'IND AA+/Stable', Affirms Short-Term at 'IND A1+'

India Ratings & Research (Ind-Ra) has upgraded Kalpataru Projects International Limited's (KPIL) long-term bank loan facilities and NCDs from 'IND AA' to 'IND AA+/Stable'. Short-term facilities and proposed Commercial Paper were affirmed at 'IND A1+', signalling improved creditworthiness and supporting the company's planned ₹100 crore NCD issuance.

Kalpataru Projects International Secures ₹2,957 Crore in New Orders, Makes Strategic Entry into West Asia Water Market via JV

Kalpataru Projects International Limited (KPIL), the Kalpataru Group's listed EPC arm, announced new orders worth approximately ₹2,957 crore across its T&D, Buildings & Factories, and Water business segments on June 30, 2026. The order wins mark KPIL's first entry into the West Asia water infrastructure market, secured through a joint venture/consortium arrangement.

Kalpataru Projects International Completes Full Divestment of Kohima-Mariani Transmission Ltd Stake to Apraava Energy

Kalpataru Projects International (KPIL) completed the sale of its remaining ~26% equity stake in Kohima-Mariani Transmission Limited (KMTL) to Apraava Energy Private Limited on June 24, 2026, completing its full exit from the asset. The transaction follows a prior partial sale of 48% and marks KPIL's complete divestment from this non-core transmission asset.

Kalpataru Projects International Files BRSR for FY26, Reports Carbon Neutrality for TLI Division for Third Consecutive Year

Kalpataru Projects International Limited filed its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 on June 22, 2026, reporting that its Transmission Line International (TLI) division achieved carbon neutrality for the third consecutive year, offsetting 10,971 tCO2e. The company targets carbon neutrality by 2040 and water neutrality by 2032.

Kalpataru Projects International's Kenya Branch Receives ₹80.95 Lakh Tax Assessment from Kenya Revenue Authority

KPIL's Kenya branch office received a tax assessment notice from the Kenya Revenue Authority for alleged non-payment of Profit Repatriation Tax, and the company plans to contest it.

DCIT Files ITAT Appeals Against Kalpataru Subsidiary Agile Real Estate for Assessment Years 2022-23 and 2023-24

The Deputy Commissioner of Income Tax has filed appeals with the Income Tax Appellate Tribunal challenging CIT(A) orders that had substantially reduced income additions for Agile Real Estate Pvt Ltd, a Kalpataru Limited subsidiary, for AY 2022-23 and 2023-24. Agile Real Estate has stated it will contest the appeals and expects a favourable outcome.

Kalpataru Projects International Appoints Gautam Mehra as Independent Director for Five-Year Term

Kalpataru Projects International's board approved the appointment of Gautam Mehra as an Additional Director designated as Independent Director for five years effective June 9, 2026, subject to shareholder approval at the 45th AGM. Mehra is a qualified Chartered Accountant and lawyer with four decades of experience including leadership of PwC's India Tax and Regulatory practice.

Kalpataru Projects International Receives Eswatini Revenue Service Tax Assessment Demanding ~₹99 Lakhs for FY2022-23 to FY2024-25

KPIL received a tax assessment order from the Eswatini Revenue Service demanding SZL 17,17,787 (~₹99.12 lakhs) for FY2022-23 to FY2024-25, arising from the wrongful addition of offshore supply revenue and disallowance of certain branch expenses. The company intends to file objections.

Kalpataru Limited Withdraws Demerger Scheme for Project Magnus in Bandra East

Kalpataru Limited's Executive Committee resolved on June 2, 2026 to withdraw its previously filed Scheme of Arrangement to demerge Project Magnus — a Bandra East, Mumbai development — from wholly owned subsidiary Kalpataru Properties Limited. The company confirmed there is no financial impact from the withdrawal.

Kalpataru's Bangur Nagar Project Named 'Kalpataru Elaara', Registered Under MahaRERA No. PM1180002600918

Kalpataru's previously unnamed upcoming project in Bangur Nagar, Goregaon West has now been formally launched as 'Kalpataru Elaara' with a MahaRERA registration number, moving the project from announced-upcoming to registered/launched status.

Kalpataru Projects International Bags ₹2,002 Crore in Fresh Orders Across T&D, Buildings & Railways Segments

Kalpataru Projects International Limited (KPIL) announced new contracts and notifications of awards totalling approximately ₹2,002 crore on June 1, 2026, spanning its Power T&D, Buildings & Factories, and Railways business verticals across domestic and international markets.

Kalpataru Bags Ashokgram Cluster Redevelopment in Kandivali East with ₹1,250 Crore GDV

Kalpataru Limited announced the signing of a major cluster redevelopment project integrating five adjacent housing societies in Ashok Nagar, Kandivali East — spanning ~2.8 acres with free-sale potential of ~0.37 million sq ft and an estimated GDV of ₹1,250 crore.

Kalpataru Properties Plans ₹1,635 Crore Debt Raise via Private Credit Bonds at 8% Coupon

Kalpataru Properties is planning to raise ₹1,635 crore through four-year bonds at an 8% quarterly coupon via private credit investors, marking the developer's return to debt markets after a two-year gap. GSS India Opportunities AIF has reportedly committed to 50% of the issue.

Kalpataru Projects International Sets ₹30,000 Crore Order Win Target for FY27 with 15% Revenue Growth Guidance

Kalpataru Projects International (KPIL) guided for ₹30,000 crore in order inflows and 15% revenue growth in FY27, targeting an order book of ₹65,000–70,000 crore. The company also outlined expansion into new EPC verticals including battery storage, hydrogen, nuclear, and overseas water and airport infrastructure.

Kalpataru Projects International (KPIL) Reports Record FY26 Revenue of ₹27,143 Crore, PAT Surges 77% YoY; Board Recommends ₹11 Dividend

Kalpataru Projects International Limited (KPIL), the group's listed EPC arm, posted its highest-ever annual revenue of ₹27,143 crore for FY26, a 22% year-on-year jump, with consolidated PAT surging 77.57% to ₹1,040 crore. The board recommended a final dividend of ₹11 per share and reported an all-time-high order book of ₹65,457 crore.

Kalpataru Limited Confirms Near-Complete Utilisation of ₹1,590 Crore IPO Proceeds with ₹10.94 Crore Remaining as at March 31, 2026

Kalpataru Limited's monitoring agency CARE Ratings confirmed that ₹1,579.06 crore of the ₹1,590 crore raised in the company's June 2025 IPO had been deployed by March 31, 2026, in line with the stated objectives. Major allocations included ₹1,192.50 crore for debt repayment, with only ₹10.94 crore remaining unutilised.

Kalpataru Limited Board Approves Composite Scheme to Demerge Korum Mall into Kalpataru Properties (Thane) and Merge Five Subsidiaries into Parent

Kalpataru Limited's board has approved a Composite Scheme of Arrangement to simplify the group's corporate structure: the Korum Mall business will be demerged into Kalpataru Properties (Thane), while Kalpataru Retail Ventures and four other associated entities — Alder Residency, Kalpataru Residency, Ardour Developers, and Aspen Housing — will be merged into Kalpataru Limited. The scheme is subject to NCLT and regulatory approvals, with a proposed effective date of 1 April 2026.

Kalpataru Limited Reports Record FY26 Pre-Sales of ₹5,280 Crore, Net Profit Up 14x YoY in Q4 FY26

Kalpataru Limited (real estate developer) reported Q4 FY26 revenue of ₹1,693.73 crore (up 184% YoY) and net profit of ₹200.47 crore (up 14x YoY), with full-year FY26 pre-sales reaching an all-time high of ₹5,280 crore, a 17% increase year-on-year.

Kalpataru Limited Issues ₹790 Crore Corporate Guarantees to ICICI Bank for Subsidiary Term Loans

Kalpataru Limited disclosed that it has issued corporate guarantees totalling ₹790 crore to ICICI Bank to secure Rupee Term Loan facilities for two wholly owned subsidiaries — Agile Real Estate Private Limited (₹400 crore) and Agile Real Estate Dev Private Limited (₹390 crore) — each with a tenor of up to 60 months.

Kalpataru Projects International Completes Buyout of Remaining 35% Stake in Saudi JV, Kalpataru Projects Arabia Company Now Wholly Owned Subsidiary

Kalpataru Projects International Limited (KPIL) completed the acquisition of the remaining 35% equity stake in its Saudi Arabian joint venture, Kalpataru Projects Arabia Company (formerly Kalpataru IBN Omairah Company Limited), for SAR 10 million, making it a wholly owned subsidiary effective 14 April 2026. The move consolidates KPIL's full operational control over its power transmission and distribution EPC business in Saudi Arabia.

ASK Property Fund Exits ₹190 Crore Investment in Kalpataru Advay at 18% IRR

ASK Property Fund successfully exited its ₹190 crore growth capital investment in Kalpataru Advay, Borivali, realising ₹244 crore at an 18% IRR and 1.3x multiple. The exit underscores strong early sales momentum at the project.

Kalpataru Projects International Secures ₹4,439 Crore in T&D Orders, Surpasses FY26 Annual Target

Kalpataru Projects International (KPIL) secured approximately ₹4,439 crore in new power transmission and distribution orders in March 2026, including contracts in Africa, India, and Sweden. The win enabled KPIL to surpass its FY26 annual order intake target of ₹26,000 crore.

Kalpataru Limited Subsidiary Receives Favourable Income Tax Appeal Orders from Mumbai Commissioner for Five Assessment Years

Kalpataru Limited disclosed on March 25, 2026 that a subsidiary received favourable income tax appeal orders from the Commissioner of Income Tax (Appeals) in Mumbai, covering assessment years 2019-20 through 2023-24, with substantially reduced additions to income.

Kalpataru Projects International Secures ₹2,471 Crore in Fresh Orders Across T&D, Urban Infrastructure and Buildings Segments Including Metro Rail JV

Kalpataru Projects International Limited (KPIL) announced new order wins worth approximately ₹2,471 crore spanning Power T&D (domestic and international), Urban Infrastructure and Buildings & Factories segments in India and overseas. The contracts include an underground metro rail project in India awarded via a joint venture or consortium.

Kalpataru Signs Redevelopment Agreement for Shree Mahalakshmi CHS in Andheri West with ₹1,400 Crore GDV

Kalpataru Limited announced it has secured the redevelopment of Shree Mahalakshmi Cooperative Housing Society in Andheri West, Mumbai — a three-acre project with ~0.4 million sq ft carpet area potential and an estimated GDV of ₹1,400 crore.

Kalpataru Verbina Launched on JVLR, Jogeshwari East – Low-Density Tower of 28 Residences with RERA Registration PR1180002501787

Kalpataru Group has launched Kalpataru Verbina, a premium low-density residential tower on Jogeshwari–Vikhroli Link Road (JVLR), Jogeshwari East, Mumbai. The project offers 28 exclusive 3.5-BHK residences and is registered under MahaRERA number PR1180002501787.

Kalpataru Signs Redevelopment Agreements for Two Housing Societies in Chembur and Goregaon with ₹2,100 Crore GDV Potential

Kalpataru Limited signed redevelopment agreements for two housing societies spanning 7.5 acres in Chembur and Goregaon, Mumbai, with a combined development potential exceeding 1.5 million sq ft and an estimated GDV of ₹2,100 crore.

Kalpataru Limited Board Approves ₹350 Crore NCD Issuance Alongside Q3 FY26 Results

Kalpataru Limited's Board approved a ₹350 crore Non-Convertible Debenture (NCD) issuance on January 31, 2026, announced alongside its Q3 FY26 financial results. The NCD issuance supports the company's ongoing capital requirements.