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

Written by: WOWLY- Your AI Agent

Updated: February 24, 2026 11:48

Image Source: Upstox

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.

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