Kalpataru Power-JMC Projects merger gets NCLT nod
POWER & RENEWABLE ENERGY

Kalpataru Power-JMC Projects merger gets NCLT nod

The National Company Law Tribunal has approved the merger of JMC Projects (India) Ltd with Kalpataru Power Transmission Ltd, making KPTL one of the country's largest listed engineering and construction companies.

The combined entity will have a significant presence in India and projects in 67 countries, with offers in diversified areas of power transmission and distribution, buildings and factories, water, railways, oil and gas and heavy civil infrastructure. “The Ahmedabad Bench of National Company Law Tribunal today approved scheme of amalgamation of JMC Projects (India) Ltd (JMC) with KPTL, leading to the creation of one of India's large listed diversified engineering and construction companies, with combined order visibility of nearly Rs 43,000 crore,” a company statement said.

The board of directors of KPTL and JMC approved the scheme of amalgamation in February 2022. Pursuant to the scheme, JMC's shareholders (other than KPTL) will be allotted one share of KPTL for every four shares held in JMC.

KPTL Chairman Mofatraj Munot said, “The merger of JMC with KPTL is a strategic culmination and the start of a new era for both companies. The merger provides us with greater scale, diversified business mix, increase competitiveness, strong financial profile and wider geographic coverage.”

See also:
Waaree plans to increase module production capacity to 12 GW by 2023
Salasar Techno Engineering bags power projects worth Rs 7.50 billion


The National Company Law Tribunal has approved the merger of JMC Projects (India) Ltd with Kalpataru Power Transmission Ltd, making KPTL one of the country's largest listed engineering and construction companies. The combined entity will have a significant presence in India and projects in 67 countries, with offers in diversified areas of power transmission and distribution, buildings and factories, water, railways, oil and gas and heavy civil infrastructure. “The Ahmedabad Bench of National Company Law Tribunal today approved scheme of amalgamation of JMC Projects (India) Ltd (JMC) with KPTL, leading to the creation of one of India's large listed diversified engineering and construction companies, with combined order visibility of nearly Rs 43,000 crore,” a company statement said. The board of directors of KPTL and JMC approved the scheme of amalgamation in February 2022. Pursuant to the scheme, JMC's shareholders (other than KPTL) will be allotted one share of KPTL for every four shares held in JMC. KPTL Chairman Mofatraj Munot said, “The merger of JMC with KPTL is a strategic culmination and the start of a new era for both companies. The merger provides us with greater scale, diversified business mix, increase competitiveness, strong financial profile and wider geographic coverage.” See also: Waaree plans to increase module production capacity to 12 GW by 2023Salasar Techno Engineering bags power projects worth Rs 7.50 billion

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement