Kalpataru Projects International Share Price in Focus; Secures Major Order in Oil and Gas Business

Kalpataru Projects International Limited (KPIL) has picked up a new project in the United Arab Emirates after receiving a Letter of Award for an EPC gas pipeline project. As per the exchange filing, the company has classified the order as “Major”, which means its estimated value is above ₹4,000 crore.  

The project adds another international oil and gas contract to KPIL's order book. The company has not disclosed the exact value of the award in the announcement.  

UAE Gas Pipeline Project 

KPIL will carry out the project on an Engineering, Procurement, and Construction basis. The work covers a gas pipeline in the UAE, with the company taking responsibility across the EPC scope.  

The order was received in the normal course of business, according to the company's filing.  

Order Falls in Major Category 

KPIL's classification puts the contract above the ₹4,000 crore mark. However, there is no specific contract amount disclosed beyond this classification in the press release. 

The UAE project therefore becomes a sizeable addition to the company's international project pipeline, particularly within its oil and gas business. 

Management Comments on the Win 

Manish Mohnot, Managing Director and CEO of KPIL, said the company was pleased to secure the international project. He pointed to KPIL's experience in the global oil and gas sector and said the order reflects its technical expertise and operational capabilities.  

Mohnot also said the project supports the company's ability to scale its operations globally.  

Read More: Indian Energy Exchange (IEX) Share Price in Focus; Subsidiary Applies for Coal Exchange Licence! 

KPIL Share Price Performance  

As of 28 September 2026, at 12:30 PM, Kalpataru Projects International Limited share price is trading at ₹1,379.10 per share, reflecting a decline of 0.87% from the previous trading session. 

Conclusion 

The UAE gas pipeline award gives KPIL another large international EPC project in its oil and gas business. With the order classified above ₹4,000 crore, it adds a substantial contract to the company's ongoing project pipeline. 

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