Kalpataru Projects International Limited has successfully completed the acquisition of the remaining 35% equity stake in Kalpataru Projects Arabia Company, formerly known as Kalpataru IBN Omairah Company Limited. With this transaction finalized as of April 26, 2026, the entity is now a wholly owned subsidiary of the company. This strategic move is set to strengthen the firm’s foothold in the Kingdom of Saudi Arabia, supporting its ongoing high-voltage transmission and substation projects.
Consolidating Presence in Saudi Arabia
In a significant move to deepen its international operations, Kalpataru Projects International Limited has transitioned its Saudi Arabian entity, Kalpataru Projects Arabia Company, into a wholly owned subsidiary. The acquisition of the final 35% stake from the joint venture partner, BIN Omairah Contracting Company Limited, was confirmed following the receipt of all necessary approvals on April 26, 2026. The effective date of this transition is April 14, 2026.
Strategic Rationale and Deal Terms
The deal, valued at SAR 10 million, allows the company to take full control of its operations in the region. By moving from a 65% to a 100% ownership structure, the company aims to streamline its project delivery for large-scale High Voltage Transmission lines and Sub-Station works. This alignment is designed to leverage the firm’s expertise in power transmission and distribution to better capitalize on opportunities within the Saudi market.
Historical Financial Overview
The acquired entity, incorporated in June 2015, has played a vital role in executing critical energy infrastructure. Financial performance over the last three fiscal years reflects its project-based scale, with a turnover of SAR 90.79 million recorded for the year ended March 31, 2025. Prior to this, the entity recorded turnovers of SAR 268.25 million in FY 24 and SAR 46.13 million in FY 23, underscoring its active participation in the regional infrastructure sector.
Source: BSE
