Kalpataru Ltd Share Price Jumps Over 3% After JV Emerges As L1 Bidder for ₹369.85 Crore Thane Metro Project

Mumbai, November 24, 2025: Shares of Kalpataru Limited jumped sharply in early trading on Monday after its joint venture emerged as the L1 bidder for the ₹369.85 crore Thane Metro Project. The share price of Kalpataru Limited was trading at ₹369.85 at 13:01 IST, up 3.45% from Friday’s close of ₹357.50. The stock opened at ₹365.00 and traded to an intraday high of ₹385.00, trading above its VWAP of ₹376.02. Kalpataru Limited has a market cap of 7,361.40 Cr, which is higher than the industry average. The P/E ratio for Kalpataru Limited was 142.10, which is below the industry average.

Kalpataru Limited trades under the EQ series and provides residential and commercial projects. Kalpataru Limited was listed on 01 July 2025. The firm is focused on further expanding its presence in urban infrastructure and development.

Kalpataru JV Secures L1 Position for ₹1,415 Crore Metro Project

The firm, in collaboration with Kalpataru Projects International, has been awarded the L1 bidder status for a ₹1,415 crore contract via Maharashtra Metro Rail Corporation. The joint venture structure is as follows:

• Kalpataru Projects International – 60%
• HG Infra – 40%

The contract involves the design and construction of an elevated metro viaduct between UG Ramp and Balkum Naka, along with the Depot Approach Viaduct and three special spans under the Thane Integral Ring Metro Project. The size and strategic significance of the project have lifted market sentiments.

Why the Stock Is Up Today

Shares are up today after the company achieved L1 status for a large ₹1,415-crore order, providing them with increased future order visibility. This large order gives the company some revenue visibility and enhances its long-term order book. The positive market sentiment associated with metro and urban mobility projects where Kalpataru operates also adds to the increase.

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