Kalpataru Power Transmission Ltd has announced that its corporate name has changed to “Kalpataru Projects International Ltd,” effective May 22, 2023.
An official company release noted that the change in corporate name was formalized following the receipt of approvals from shareholders and regulatory authorities including the Ministry of Corporate Affairs.
It may be recalled that the change in corporate name, which has now taken effect, was proposed in a company board meeting of April 10, 2023.
Well-diversified EPC business
Commenting on the name change approval, Manish Mohnot, MD & CEO, KPIL, said “The name change from Kalpataru Power Transmission Ltd.(KPTL) to “Kalpataru Projects International Limited (KPIL)” unifies our visibility of well-diversified EPC businesses with an increasing portfolio of global projects. It echoes our commitment to all our stakeholders and our ability to create value while aligning our identity.”
Also read: Kalpataru Power Records All-Time High Order Book
Rationale
Over the past four decades, Kalpataru Power Transmission Ltd.(KPTL) has established itself as one of the most valuable brands in the EPC sector. With the strategic amalgamation of JMC Projects (India) Ltd with KPTL, the company has emerged as one of India’s large listed diversified engineering and construction companies with extensive global presence along diversified business segments across power transmission & distribution, buildings & factories, water, railways, oil & gas pipelines, and urban infra. The company’s order book including L1 is at an all-time high of around Rs.50,000 crore.
