GIDC Reduces Kalpataru Projects' Total Penalty to Zero

• Kalpataru Projects International Ltd (KPIL) announced that GIDC reduced the total penalty imposed on the company to zero.
• The Gujarat Industrial Development Corporation (GIDC) issued a second corrigendum order on December 6, 2025, confirming the penalty reduction.
• The penalty was initially levied for not completing ground coverage construction on leased land plots in Gandhinagar.
• KPIL had disputed the initial penalty of ₹2.12 crore (later ₹44 lakh) plus GST, leading to its nullification.
• The company believes the penalty would not have had a significant impact on its financial or operational activities.

Why It Matters: Kalpataru Projects' GIDC fine reduced to zero, resolving a penalty dispute.