Karamtara Engineering IPO

Incorporated in 1996, Karamtara Engineering Limited manufactures products used in the renewable energy and power transmission sectors. The company has built a diversified portfolio covering solar mounting structures, tracker components, fasteners and overhead transmission line hardware, allowing it to serve customers across different stages of these industries. 

Karamtara offers solar mounting solutions for fixed-tilt and tracker-based projects, along with lattice towers for power transmission lines with capabilities of up to 1,200 kV. As of September 30, 2024, the company had supplied more than 0.5 million MT of transmission towers globally. Its fastener range includes bolts, nuts, studs, washers and customised products used across solar, wind, transmission, automotive and telecom applications. 

The company is also expanding into the wind energy segment by setting up a facility to manufacture tubular towers for wind turbines. Its operations are supported by backward integration, including in-house galvanising and rolling mill facilities. Its galvanising capacity of 258,000 MTPA is among the largest in India's solar energy sector, helping the company manage costs, improve supply-chain efficiency and reduce dependence on external suppliers. 

Karamtara has established an international presence, exporting to more than 50 countries across North America, Europe, Asia, Africa, Australia and Latin America. Between Fiscal 2022 and Fiscal 2024 and during the six months ended September 30, 2024, the company served between 24 and 51 customers, including OEMs, EPC companies and IPPs. Its customer base includes repeat business from domestic and international solar energy companies. 

As of September 30, 2024, Karamtara had 530 permanent employees along with 412 factory workers on its payroll.