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IPO▲ Bullish for Kalpataru Projects
KPIL announces successful listing of LMG on Nasdaq Stockholm
The brief
- Kalpataru Power Transmission Sweden retains a 65.9% stake in LMG after its Nasdaq Stockholm listing
- The listing may affect Kalpataru Projects’ valuation and exposure to its power-transmission business
- Kalpataru Projects International secures 'major' EPC order in oil and gas business in UAE
- KPIL secures gas pipeline project in UAE
- Kalpataru Projects International bags new orders worth over ₹2,000 crore
- Kalpataru Projects wins ₹2,025 crore orders; FY27 inflow reaches ₹13,219 crore
Kalpataru Projects subsidiary LMG lists in Stockholm
Linjemontage (LMG), Kalpataru Projects International’s Swedish subsidiary, listed on Nasdaq Stockholm after a ₹600-crore IPO. It is the first foreign subsidiary of an Indian company to list there; Kalpataru Power Transmission Sweden holds a 65.9% stake post-listing.
Friday, 25 September
- KPIL announces successful listing of LMG on Nasdaq Stockholm