Tax Relief for Kalpataru Projects: From ₹958.3 Million to Zero, Amid ₹61,429 Crore Order Book

Kalpataru Projects International Limited (KPIL) has seen a drastic cut in tax demands. Precisely, a demand of ₹958.3 million for the assessment year 2016-17 has been brought down to zero. This move is an indicator of a positive resolution of previous financial issues, enabling the company to concentrate on its core business activities.

 

Key Highlights:

 

Tax Demand Reduction: The decline in tax demand from ₹958.3 million to zero is a welcome relief for KPIL, easing its financial pressures and improving its financial health.

 

Business Performance: KPIL has been doing well, registering impressive new orders of ₹2,366 crore in the domestic and overseas markets. This takes its order intake in FY25 to ₹24,850 crore, reflecting robust growth potential.

 

Market Position: KPIL is one of the world's largest specialized EPC companies and is involved in power transmission & distribution, factories & buildings, and other infrastructure. It has operations in more than 30 countries with a presence in 75 countries.

 

Financial Growth: KPIL has posted a consolidated revenue expansion of 17% in Q3 FY25 with an EBITDA margin of 8.4%. Its order book has increased by 19% year-on-year to ₹61,429 crore as of December 2024.

Sources: DSIJ Intelligence, Economic Times, Business Standard