KPTL announces merger with JMC Projects
Kalpataru Power Transmission Ltd on Saturday announced a merger with JMC Projects (India) Ltd which will create one of the largest engineering, procurement and construction (EPC) companies in the country.
With the appointed date of April 1, 2022, the merger process is expected to be completed in Q4 FY23, it added.
“The Board of Directors of Kalpataru Power Transmission Ltd (KPTL) and JMC Projects (India) Ltd. (JMC) in their respective meetings held on 19th February 2022 have approved the scheme of amalgamation which inter alia provides for the merger of JMC with KPTL (Scheme),” a company statement said.
