KPIL bags ₹4,000+ crore UAE gas pipeline EPC contract; stock slips 1.14%
Despite the announcement, KPIL shares traded lower on the NSE, declining 1.14 per cent to ₹1,375.30 as of 09.55 am, against a previous close of ₹1,391.20
Mumbai-based EPC firm Kalpataru Projects International Limited (KPIL) has secured a major engineering, procurement and construction contract worth over ₹4,000 crore for a gas pipeline project in the United Arab Emirates, as per a regulatory filing on September 28, 2026. The Letter of Award (LoA) received through normal business channels indicates a significant contract for the firm.
Despite the news, KPIL's shares fell 1.14 per cent to ₹1,375.30 on the NSE, down from a previous close of ₹1,391.20. The stock, which opened at ₹1,420 and peaked at ₹1,424.80 intraday, saw a sell-side dominance with 58.16 per cent of the traded quantity, amounting to a total trade value of ₹8.28 crore. KPIL's MD & CEO, Manish Mohnot, hailed the win as proof of the company's technical prowess and global capabilities in the oil and gas sector.
The firm reported revenues of ₹27,143 crore in FY2026 and boasts a portfolio of over 250 projects in execution across 30-plus countries and 75 nations.
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