Kalpataru Projects wins major gas pipeline order worth over ₹4,000 Crore in UAE

Some contract wins are worth more for what they say about a company's direction than for the size of the cheque.

This one takes an Indian engineering contractor into the Gulf's energy corridor, in a ...

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This one takes an Indian engineering contractor into the Gulf's energy corridor, in a business it has been waiting to see move.

by Sujal Jain by Sujal Jain 28 Sep 2026 09:56 IST Link copied!

Every gas pipeline that crosses a desert or a coastline starts as a contractor's plan long before it carries a single molecule of fuel.

Engineering, procurement and construction firms handle the full job, from design and steel sourcing to welding, testing and handover.

Energy projects of this kind are usually large, technical and slow to award, so the firms that win them tend to have long track records.

It is a business where credibility counts as much as price.

Shares of Kalpataru Projects International Ltd.

1,373.90, down 1.24 percent from previous close of Rs.

1,420.00, reaching an intraday high of Rs.

The company currently has a market capitalization of Rs.

Kalpataru Projects International Limited (KPIL) has received a Letter of Award for the EPC of a gas pipeline project in the United Arab Emirates.

The company has classified the order as "Major", which it defines as an estimated value of over Rs 4,000 crore.

It has not disclosed the exact contract value, and the order was received in the normal course of business, as intimated to the exchanges on 28 September 2026.

Managing Director and CEO Manish Mohnot called it a prestigious international project that reinforces the company's track record in global oil and gas.

He said the win reflects its technical expertise, operational excellence and ability to scale operations abroad.

Earlier this fiscal, the company had said orders worth Rs 13,219 crore were already secured in FY27, against a full-year inflow target of Rs 30,000 crore.

Looking at the quarterly results of Kalpataru Projects International Ltd., the company’s consolidated revenue increased by 4.81 percent YoY, from Rs.

6,485.17 crore in Q1 FY27, and decreased by 17.04 percent QoQ from Rs.

In Q1 FY27 Kalpataru Projects International Ltd.’s consolidated net profit increased by 45.85 percent YoY, reaching Rs.

213.59 crore during the same period last year.

As compared to Q4 FY26, the net profit has decreased by 27.66 percent, from Rs.

The basic earnings per share stood at Rs.

12.51 recorded in the same quarter in the previous year, FY2026.

Power transmission and distribution remains the biggest slice of Kalpataru's order book, followed by buildings and factories.

Water, oil and gas, urban infrastructure and railways make up the rest.