Kalpataru Projects International Takes Full Control of Saudi Subsidiary

Kalpataru Projects International Limited ( (IN:KPIL) ) has shared an announcement.

Kalpataru Projects International Limited has completed the process to acquire the remaining 35% equity stake in Kalpataru Projects Arabia Company from its joint venture partner, BIN Omairah Contracting Company Limited. With requisite approvals from the Saudi Business Centre and other authorities obtained on 26 April 2026, the Saudi entity has become a wholly owned subsidiary of Kalpataru Projects International effective 14 April 2026.

This move consolidates Kalpataru Projects International’s control over its Saudi operations, simplifying the ownership structure and potentially enabling more streamlined decision-making and strategic execution in the region. The shift from a joint venture to full ownership may strengthen the company’s positioning in the Saudi infrastructure market and provide greater flexibility in pursuing future projects and investments there.

More about Kalpataru Projects International Limited

Kalpataru Projects International Limited is an India-based infrastructure and engineering company, operating through its corporate office in Mumbai and registered office in Gandhinagar, Gujarat. The company undertakes large-scale projects in international markets, including the Kingdom of Saudi Arabia, often via subsidiaries and joint ventures to expand its global project footprint.

Average Trading Volume: 22,027

Technical Sentiment Signal: Strong Buy

Current Market Cap: 212B INR

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