On December 6, 2022, the civil construction company announced approval by the company’s board of directors to consider the proposal of fundraising by way of issuance of non-convertible debentures on a private placement basis (PPB).

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The company is the largest specialized EPC, engaged in oil & gas pipeline, power transmission & distribution, railways and civil infrastructure business. Currently, the project is implemented in more than 30 countries, with a global footprint in 67 countries.

On a consolidated basis, Kalpataru Power’s net profit hit a high of 18.1% at Rs 9.8 crore, with net sales up 7% in Q2FY23 at Rs 3,798 crore from Q2FY22.

On the Bombay Stock Exchange (BSE), Kalpataru Power Transmission’s shares went down by 0.27% to Rs 515.45.