{
  "id": 10370251,
  "title": "KPIL bags ₹4,000+ crore UAE gas pipeline EPC contract; stock slips 1.14%",
  "url": "https://urgent.news/2026/09/28/kpil-bags-4-000-crore-uae-gas-pipeline-epc-contract-stock-slips-1-14",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T05:02:48.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/companies/kpil-bags-4000-crore-uae-gas-pipeline-epc-contract-stock-slips-114/article71518424.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}