BSECompany Update6h ago · 25 Sept 2026, 12:49 pm
Press Release - KPIL ANNOUNCES SUCCESSFUL LISTING OF LINJEMONTAGE EQUITY SHARES ON NASDAQ STOCKHOLM
Kalpataru Projects International Ltd · 522287
✦ AI Summary▲ PositiveExpansion
Kalpataru Projects International Ltd (KPIL) has successfully listed its step-down subsidiary Linjemontage on Nasdaq Stockholm, marking a major milestone in KPIL's global growth strategy.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment8/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Kalpataru Projects International Ltd - 522287 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Attachments (1)
📄pdf
Download →
919c1b52-7b7d-4912-a2b8-20255d01ce0b.pdf
View document text
KPIL/26-27
25th September, 2026
BSE Limited National Stock Exchange of India Ltd.
Corporate Relationship Department ‘Exchange Plaza’, C-1,
Phiroze Jeejeebhoy Towers Block ‘G’, Bandra-Kurla Complex
Dalal Street, Fort Bandra (E)
Mumbai - 400 001 Mumbai – 400 051
Scrip Code: 522287 Scrip Code: KPIL
Sub.: Press Release
Respected Sir / Madam,
In furtherance to our earlier intimation(s) dated 09th September, 2026, 16th September, 2026 and
25th September, 2026 submitted to the stock exchanges, we are enclosing herewith a copy of
Press Release titled “KPIL ANNOUNCES SUCCESSFUL LISTING OF LINJEMONTAGE
EQUITY SHARES ON NASDAQ STOCKHOLM.”
Kindly take the same on records.
Thanking you,
Yours faithfully,
For Kalpataru Projects International Limited
Shweta Girotra
Company Secretary
Encl.: As above
Cor porate Office: Kalpataru Synergy, 7th Floor, Opp. Grand Hyatt, Santacruz (E), Mumbai - 400055. India | Tel: +91 22 3064 2100/+91 22 6885 1500
Registered Office: Plot No. 101, Part-III, G.I.D.C. Estate, Sector - 28, Gandhinagar - 382 028, Gujarat, India | Tel: +91 79 2321 4000
Email: info@kalpataruprojects.com | Website: www.kalpataruprojects.com | CIN: L40100GJ1981PLC004281
PRESS RELEASE
KPIL ANNOUNCES SUCCESSFUL LISTING OF LINJEMONTAGE EQUITY SHARES ON NASDAQ STOCKHOLM
KPIL becomes the first Indian company to list its foreign subsidiary Linjemontage on Nasdaq Stockholm
Listing to accelerate Linjemontage’s growth in the Nordic EPC power infrastructure market
Mumbai | Friday, 25 September 2026: Kalpataru Projects International Limited (KPIL), one of the leading
engineering and construction players in the power and infrastructure sector, today announced that its step-down
subsidiary Linjemontage i Grästorp AB (“LMG”), Sweden has successfully been listed on Nasdaq Stockholm (Sweden)
under the ticker LMGAB.
The IPO was priced at SEK 46 per equity share, equivalent to a valuation of SEK 2,357 million (representing the total
market value of all shares of LMG). KPIL through Kalpataru Power Transmission Sweden AB (KPTS), a wholly owned
subsidiary of KPIL, retains an approximately 65.9 percent stake in LMG post-listing. KPTS shall receive a gross
consideration of SEK ~711.5 Million (including the Over-allotment Option / Green shoe Option), subject to issue
expenses, customary adjustments and set-offs.
Commenting on the listing, Manish Mohnot, MD & CEO of KPIL, said: “The listing of LMG on Nasdaq Stockholm
represents a major milestone in KPIL’s global growth strategy and is a true testament to our ability to scale
international businesses. This successful IPO validates LMG’s strong position as one of the leading EPC provider in the
power infrastructure segment in Sweden and marks a significant step in unlocking value for KPIL’s shareholders. As
they transition into an independent publicly listed entity, we look forward to supporting LMG’s continued journey. I
would like to congratulate the LMG’s management team on this stellar achievement.”
Corporate Office: Kalpataru Synergy, 7th Floor, Opp. Grand Hyatt, Santacruz (E), Mumbai - 400055. India | Tel: +91 22 3064 2100/+91 22 6885 1500
Registered Office: Plot No. 101, Part-III, G.I.D.C. Estate, Sector - 28, Gandhinagar - 382 028, Gujarat, India | Tel: +91 79 2321 4000
Email: info@kalpataruprojects.com | Website: www.kalpataruprojects.com | CIN: L40100GJ1981PLC004281
About Kalpataru Projects International Limited
Kalpataru Projects International Limited (KPIL) is one of India’s leading diversified Engineering, Procurement and
Construction (EPC) company, with a consolidated revenue of ₹ 27,143 crore (US$ 2.9 billion), net profit of ₹ 1,031
crore (US$ 109 million) and order book of ₹ 65,457 crore (US$ 6.9 billion) for the year ended March 31, 2026. KPIL
activities span power transmission & distribution, buildings & factories, water supply & treatment, railways, oil &
gas infrastructure, urban mobility, highways and airports. The Company has established a significant international
presence, currently executing projects in over 25 countries and having a footprint in more than 75 countries spread
across Asia, Africa, Middle East, Americas and Europe.
About Linjemontage i Grästorp Aktiebolag (Linjemontage)
Founded in 1993, Linjemontage is a Swedish pure-play EPC provider within power infrastructure in Sweden and
Norway. Linjemontage focuses exclusively on energy, delivering projects within substations and transmission and
distribution networks across the voltage range up to 400 kV. Its customers include national transmission system
operators, regional distribution companies and industrial customers, as well as data centres. For the financial year
ended 31 March 2026, Linjemontage’s net sales amounted to SEK 3,225 million, with an adjusted EBITA of SEK 245
million. As of 30 June 2026, the Company had an order book of SEK 4,349 million.
For more information, please visit www.kalpataruprojects.com | www.linjemontage.se
Corporate Office: Kalpataru Synergy, 7th Floor, Opp. Grand Hyatt, Santacruz (E), Mumbai - 400055. India | Tel: +91 22 3064 2100/+91 22 6885 1500
Registered Office: Plot No. 101, Part-III, G.I.D.C. Estate, Sector - 28, Gandhinagar - 382 028, Gujarat, India | Tel: +91 79 2321 4000
Email: info@kalpataruprojects.com | Website: www.kalpataruprojects.com | CIN: L40100GJ1981PLC004281