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Kalpataru Project International Raised Rs 150 Crore Via NCD

The company has raised Rs 150 crore by allotting 15,000 NCDs with a face value of Rs 1,00,000.

Kalpataru Projects International Ltd, on 6 February, announced raising Rs 150 crore via the issuance of Non-Convertible Debentures (NCDs) on a private placement basis.

The company has raised Rs 150 crore by allotting 15,000 NCDs with a face value of Rs 1,00,000 on a private placement basis. The unsecured, rated, listed, redeemable NCDs will be listed on the Wholesale Debt Market Segment of BSE

Kalpataru is one of the largest specialised EPC companies engaged in buildings and factories, power transmission & distribution, oil & gas pipelines, water supply and irrigation, urban mobility (Flyovers & Metro Rail), railways, highways and airports, and is executing projects in over 30 countries.

In December 2023, the company’s Buildings & Factories business received the largest ever design and build contract to construct a large-size residential buildings project in South India with a built-up area of around 13 million square feet.

Manish Mohnot, MD & CEO of Kalpataru Projects, said, “The nature of these large order wins, involving engineering scope, reflect on our growing capabilities across a diversified portfolio of business.”

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