Merger of 2 companies and making it the largest listed engineering and construction company | Jobs Vox


The National Company Law Tribunal has approved the merger of Kalpataru Power (NS: ) Transmission Limited with JMC Projects (NS: ) (India) Limited, which is set to create the largest listed engineering and construction company in India.

Kalpataru Power Transmission Ltd. is one of the largest specialized EPC companies engaged in the business of power transmission and distribution, oil and gas pipelines, railways and civil infrastructure. It is currently executing projects in more than 30 countries and has a global footprint in 67 countries.

JMC Projects (India) Limited, a subsidiary of Kalpataru Power Transmission Limited, is one of the leading civil construction and infrastructure EPC companies in India and a market leader in the urban infrastructure and buildings and factories (B&F) verticals. Heavy is the market leader. Water, Civil.

The diversified combined entity will have a presence in power transmission and distribution, buildings and factories, water, railways, oil and gas, and heavy civil infrastructure with a combined visibility of approximately Rs 43,000 crore.

“The merger of JMC with KPTL is a strategic culmination and the beginning of a new era for both the companies. The merger provides us with greater scale, diversified business mix, increased competition, stronger financial profile and wider geographic coverage. Mr. Moffatraj Munot, Chairman, KPTL said.

As per the scheme, shareholders of JMC Projects (other than KPTL) will be allotted one share of Kalpataru Power Transmission Limited for every four shares held by them in JMC.

On Friday, shares of Kalpataru Power Transmission were trading at Rs 505, down 4 per cent, while JMC Projects (India) Ltd. was trading down 2.5 per cent at Rs 124.

Written by Anushka Roy

appeared first on Trade Brains after the merger of the 2 companies making it the largest listed engineering and construction company.

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