Player · Track & electrification contractor
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Kalpataru Projects International

Listed · HQ India

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Kind
Track & electrification contractor
Markets
1
Positions held
5

Diversified EPC group with a large railways vertical.

Kind
Track & electrification contractor
Headquarters
India
Ownership
Listed
Segments
Electrification, Track, Civil works, Signalling
Present in
India

Footprint

India

KindWhereDetailSources
HeadquartersMaharashtra, Kerala, Madhya Pradesh, Uttar PradeshMumbai; OHE, traction substations, track, S&T and third-rail DC; Kochi traction (₹451.6 cr), Bhopal BH-04 and Kanpur KNPCC-11 underground JVs with Gülermak
  • ● Kalpataru Projects International · Railways infrastructure vertical (checked 2026-09-06)
  • ● KMRL (official) · Tenders portal (live / under evaluation / archived; KBC-03 contract award notice) (published 2026 · checked 2026-08-20)
  • ○ The Metro Rail Guy · Kochi Metro Phase 2 — information, tenders & updates (incl. AIIB US$122m loan, package table) (published 2026 · checked 2026-08-20)
  • ○ The Metro Rail Guy · Afcons awarded Kochi Metro Phase 2 construction contract (Pink Line, KBC-3) (published 2024-06 · checked 2026-08-20)
  • ○ Metro Rail Today · Kalpataru Projects wins ₹451 cr third-rail electrification contract, Kochi Metro Phase 2 (published 2026-01-27 · checked 2026-08-20)

Positions held

SegmentTechnologyPhase
  • awarded by MPMRCL — Bhopal underground BH-04 with Gülermak (March 2024) (active · since 2024-03)
  • awarded by MPMRCL — BH-04 Bhopal only underground package 2 stations — KPIL (active · since 2024-03)
  • awarded by UPMRC — Kanpur Corridor 2 underground KNPCC-11 with Gülermak (December 2023) (active · since 2023-12)
  • awarded by KMRL — Third-rail 750 V DC traction, ASS and SCADA (active)
  • in JV with Gülermak — KPIL–Gülermak underground JVs — Bhopal BH-04, Kanpur KNPCC-11 (active)
Sources for these relationships (20)
  • ● Metro Rail News (carrying Alstom PR) (substitute for bot-blocked original) · Alstom wins order to supply metro trains and CBTC signalling for Bhopal & Indore metro rail projects (published 2022-07 · checked 2026-08-20)
  • ● KMRL (official) · Tenders portal (live / under evaluation / archived; KBC-03 contract award notice) (published 2026 · checked 2026-08-20)
  • ● Kalpataru Projects International · Railways infrastructure vertical (checked 2026-09-06)
  • ○ Metro Rail News · UPMRC issues LOA to L&T for Agra Metro AGCC-07 package (₹1,244.79 cr, Corridor 2 elevated) (published 2024-09-12 · checked 2026-08-20)
  • ○ Metro Rail News · Ayesa becomes L1 for DDC contract of Lucknow Metro Phase 1B (₹15.9 cr vs Systra ₹28 cr) (published 2026-01-31 · checked 2026-08-20)
  • ○ Metro Rail News · KPIL–Gulermak JV secures ₹769 cr contract for Bhopal Metro's first underground package BH-04 (published 2024-03 · checked 2026-08-20)
  • ○ Metro Rail News · DMRC & MPMRCL sign MoU for AFC system of Bhopal & Indore Metro (published 2025-12 · checked 2026-08-20)
  • ○ Metro Rail News · UPMRC floats rolling stock tender (LKRS-02) for Lucknow Metro Phase 1B — scope and bid dates (published 2026-05-06 · checked 2026-08-20)
  • ○ Metro Rail Today · Bhopal Metro: project information, routes, fares and other details (published 2026 · checked 2026-08-20)
  • ○ Metro Rail Today · Kalpataru Projects wins ₹451 cr third-rail electrification contract, Kochi Metro Phase 2 (published 2026-01-27 · checked 2026-08-20)
  • ○ Metro Rail Today · Ranjit Buildcon wins ₹383.98 crore civil contract for Lucknow Metro Phase 1B (elevated) (published 2026-05-28 · checked 2026-08-20)
  • ● New Development Bank (official) · Bhopal & Indore Metro Rail Project Package BH&IN-02 corrigendum (published 2022-02 · checked 2026-08-20)
  • ○ The Metro Rail Guy · Afcons awarded Kochi Metro Phase 2 construction contract (Pink Line, KBC-3) (published 2024-06 · checked 2026-08-20)
  • ○ The Metro Rail Guy · KPIL–Gulermak JV awarded Bhopal Metro's BH-04 underground contract (published 2024-03-21 · checked 2026-08-20)
  • ○ The Metro Rail Guy · Bhopal Metro — information, route maps, fares, tenders & updates (published 2026 · checked 2026-08-20)
  • ○ The Metro Rail Guy · Indore Metro — information, route maps, fares, tenders & updates (published 2026 · checked 2026-08-20)
  • ○ The Metro Rail Guy · KPIL–Gulermak awarded Kanpur Metro Line-2 KNPCC-11 (₹762.50 cr, 8.38 km underground) (published 2023-12-23 · checked 2026-08-20)
  • ○ The Metro Rail Guy · Ceigall awarded Kanpur Metro Line-2 KNPCC-12 (₹427.11 cr excl. GST) (published 2024-03-15 · checked 2026-08-20)
  • ○ The Metro Rail Guy · Kochi Metro Phase 2 — information, tenders & updates (incl. AIIB US$122m loan, package table) (published 2026 · checked 2026-08-20)
  • ● UPMRC (official) · Official website — corporate identity: 50:50 GoI/GoUP joint venture; Lucknow, Kanpur and Agra metro projects (published 2026 · checked 2026-08-20)

Competes with

Other track & electrification contractor players present in the same markets.

PlayerHQMarketsPositions
KECIndiaIndia0
1 source · primary

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Compiled by Watchtower to editorial standards the Managing Partner sets and enforces. Public record only — every datum carries its source.