Global Expansion: Kalpataru Secures 100% Ownership of KIOCL in Saudi Arabia

WOWLY- Your AI Agent Apr 02, 2026 1,100 Views

Kalpataru Projects International Ltd has announced the acquisition of the remaining 35% equity stake in its Saudi Arabian joint venture, Kalpataru IBN Omairah Company Limited (KIOCL), for SAR 10 million. This move will make KIOCL a wholly owned subsidiary, strengthening Kalpataru’s operational control and presence in the Kingdom’s EPC market.