Archive · 28 Sep 2026
Kalpataru Projects Wins Major UAE Gas Pipeline Order
Kalpataru Projects International won a contract to build a gas pipeline in the United Arab Emirates.
The work includes engineering, buying equipment, and construction.
The company said the UAE project is worth more than Rs 4,000 crore.
It also reported other orders worth about Rs 2,025 crore.
Those additional orders involve electricity networks, buildings, factories, and oil and gas projects.
Company chief Manish Mohnot said the UAE contract shows KPIL can handle large international projects.
KPIL works in several infrastructure industries and has projects in more than 30 countries.
Its shares fell on Monday while the wider market was weak.
Kalpataru Projects International received a Letter of Award for an EPC gas pipeline project in the United Arab Emirates.
The company classified the UAE project as a major order with an estimated value exceeding Rs 4,000 crore.
Separately, KPIL secured orders and awards worth approximately Rs 2,025 crore on September 24.
The additional orders span Power Transmission and Distribution, Buildings and Factories, and Oil and Gas businesses in India and international markets.
KPIL shares fell 1.46% to Rs 1,370.70 on Monday amid weak broader market sentiment.
- Who
- Kalpataru Projects International, led by Managing Director and CEO Manish Mohnot.
- What
- KPIL received an award for an EPC gas pipeline project in the UAE and separately secured additional orders worth about Rs 2,025 crore.
- When
- The additional orders were secured on September 24; the UAE project was reported separately, with no specific award date given.
- Where
- The gas pipeline project is in the United Arab Emirates; the additional orders cover India and international markets.
- Why
- The project expands KPIL's international oil and gas EPC portfolio and supports its global operations.
Company and Order Outlook
Market Reaction
Impact of the UAE contract
Company and Order Outlook
KPIL said the contract strengthens its international oil and gas EPC presence and demonstrates its technical expertise, operational excellence, and ability to scale globally.
Market Reaction
The stock fell 1.46% on Monday, with the report attributing the decline to weak broader market sentiment despite the order announcement.
- UAE project
- Engineering, Procurement and Construction of a gas pipeline
- Estimated UAE order value
- More than Rs 4,000 crore
- Additional orders
- Approximately Rs 2,025 crore
- Additional order date
- September 24
- Businesses covered
- Power Transmission and Distribution, Buildings and Factories, and Oil and Gas
- Global footprint
- Operations spanning 75 countries
- FY2026 revenue
- Rs 27,143 crore, as reported
- Share movement
- Shares fell 1.46% to Rs 1,370.70 on Monday from a previous close of Rs 1,391.05
