Karamtara Engineering Ltd Company Summary

Karamtara Engineering Limited was incorporated as Karamtara Engineering Private Limited as a Private Company dated May 8, 1996, issued by the Additional Registrar of Companies, in Mumbai. The status was converted into a Public Company as Karamtara Engineering Limited dated December 16, 2024 issued by the Registrar of Companies, Central Processing Centre. The Company is backward integrated manufacturer of products for renewable energy and transmission lines sectors, hardware fittings and accessories.

The products include Solar MMS, solar tracker piles and piers, solar torque tubes, lattice towers for transmission lines and fasteners for solar, transmission lines, wind power projects applications and industrial fasteners, together with OHTL hardware fittings and accessories. The Company offer lattice structures for transmission lines, fasteners for solar, wind, transmission and industrial sectors, and overhead transmission line.In 1998, Company began its journey by starting production of transmission towers at Unit OHTL Fittings at Tarapur in Maharashtra. In 2004, it established Unit Solar Piles and TLT at Tarapur, through Karamtara Fasteners Private Limited, which got merged with the Company.

In 2006, it started production of telecom towers in Tarapur; in 2008, Company set up Unit Profiles in Tarapur, through the merger process. In 2010, it commenced manufacturing of 765kV transmission towers. It acquired a structural steel profiles rolling mill in Nagpur in 2011.

Following this acquisition, a subsidiary, Karamtara Italy SRL was incorporated as a subsidiary in 2012. The Company started production of overhead transmission lines at Unit OHTL Fittings at Tarapur in 2013; commenced manufacturing of Solar module mounting structures at Unit Profiles in 2015. The Company incorporated Karamtara USA Inc.

as a subsidiary in the USA in 2017. It started production of solar piers at Tarapur in 2019. It started production of torque tubes for solar energy at Unit Solar TT at Tarapur in 2023.

The Company has further acquired Karamtara Renewables Saudi Limited as a subsidiary in the Kingdom of Saudi Arabia in 2024. In FY25, the Company began the wind tubular towers at Kutch in Gujarat and production of angular towers for wind turbines at Tarapur in Maharashtra. Further, the manufacturing of plates at Kumbhavali and solar mounting structure plant in Gujarat have commenced business in 2026.

The Company came up with IPO of 34,448,817 equity shares of Rs 10 each and raised proceeds of Rs 875 crore which comprise a fresh issue of 26,574,803 equity shares aggregating to Rs 675 crore and the offer for sale of 7,874,014 equity shares aggregating to Rs 200 crore on 11 September, 2026.