Kalpataru Projects International’s (KPIL) Wholly Owned Subsidiary — Kalpataru Power Do Brasil Participacoes Ltda. (KPBPL), Brazil, has received approval for subscription to 5,500,000 equity shares having face value of BRL 10 per share of Fasttel Engenharia S.A., Brazil (Fasttel), a step down wholly owned subsidiary of the company. The Board of Directors of KPBPL at its meeting held on March 29, 2024 has approved the same.
Fasttel is in same line of business as that of the company i.e. EPC Company engaged in Power Transmission & Distribution and Sub-station. The acquisition of additional equity share capital will further strengthen the financial position of Fasttel. It will also enhance its market presence in the local Brazilian and Latin American market. Fasttel will continue to be step down wholly owned subsidiary of the company.
Kalpataru Projects International is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
