<?xml version="1.0" encoding="UTF-8"?>
<!--REG30 V1.0 (16-10-2025)-->
<xbrli:xbrl xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2025-08-31/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/Regulation_30_Restructuring/2025-08-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.sebi.gov.in/xbrl/Regulation_30_Restructuring/2025-08-31/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.xbrl.org/2003/XLink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2025-08-31.xsd"/><xbrli:context id="OneI"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">522287</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-06-25</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="OneD"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">522287</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-06-25</xbrli:startDate><xbrli:endDate>2026-06-25</xbrli:endDate></xbrli:period></xbrli:context><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><in-capmkt:ScripCode contextRef="OneI">522287</in-capmkt:ScripCode><in-capmkt:NameOfTheCompany contextRef="OneI">KALPATARU PROJECTS INTERNATIONAL LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="OneI">KPIL</in-capmkt:NSESymbol><in-capmkt:MSEISymbol contextRef="OneI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="OneI">INE220B01022</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncementPertainingToRegulation30Restructuring contextRef="OneD">Update</in-capmkt:TypeOfAnnouncementPertainingToRegulation30Restructuring><in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfBoardMeeting contextRef="OneD">false</in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfBoardMeeting><in-capmkt:DateOfOccurrenceOfEvent contextRef="OneI">2026-06-25</in-capmkt:DateOfOccurrenceOfEvent><in-capmkt:TimeOfOccurrenceOfEvent contextRef="OneD">11:21:00</in-capmkt:TimeOfOccurrenceOfEvent><in-capmkt:DateOfInitialAnnouncement contextRef="OneI">2019-07-03</in-capmkt:DateOfInitialAnnouncement><in-capmkt:DateOfLatestAnnouncement contextRef="OneI">2026-06-25</in-capmkt:DateOfLatestAnnouncement><in-capmkt:DateOfReport contextRef="OneI">2026-06-25</in-capmkt:DateOfReport><in-capmkt:UpdateForTheEvent contextRef="OneD">Sale or disposal of unit(s)/division(s)/subsidiary</in-capmkt:UpdateForTheEvent><in-capmkt:BriefDetailsOfInitialAnnouncement contextRef="OneI">Please refer our letter dated 3rd July, 2019 about intimation regarding entering into definitive agreements by the Company and Techno Electric and Engineering Company Limited (“Techno”, a joint-venture partner) with CLP India Private Limited (now known as Apraava Energy Private Limited) (“Buyer / Apraava”) to sell their respective stakes in Kohima-Mariani Transmission Limited (“KMTL”). 

The Company held 74% equity stake and Techno held the remaining 26% equity stake in KMTL. 

Thereafter, vide Letter dated 20th December, 2021, the Company intimated the completion of first tranche of disinvestment, representing 49% stake (23% held by the Company and 26% held by Techno) in KMTL to Apraava. 

Thereafter, vide Letter dated 24th February, 2023, the Company intimated the completion of second tranche of disinvestment, representing 25% stake in KMTL held by the Company to Apraava. Post such sale, the Company had transferred an aggregate of ~48% of the total equity shares held by it in KMTL, with an agreement to sell balance ~26% to Apraava, after obtaining requisite regulatory and other approvals and in a manner consistent with Transmission Service Agreement.</in-capmkt:BriefDetailsOfInitialAnnouncement><in-capmkt:ReasonForUpdate contextRef="OneD">Transaction Completed</in-capmkt:ReasonForUpdate><in-capmkt:TransactionCompleted contextRef="OneI">Please refer our letter dated 03rd July, 2019 about intimation of entering into definitive agreements by the Company with Apraava Energy Private Limited (“Buyer / Apraava”) to sell its equity stake in Kohima-Mariani Transmission Limited (“KMTL”) and further thereto, the Company has already sold ~48% stake in KMTL to Apraava. The balance ~26% of the total equity shareholding in KMTL was to be sold after obtaining requisite regulatory and other approvals and in a manner consistent with transmission service agreement. 

We are pleased to inform that the Company has completed the sale and transfer of the balance ~26% of equity shareholding in KMTL held by it to Apraava on 24th June, 2026.  

Consequent to this divestment, the Company has transferred its entire equity shareholding in KMTL to Apraava. The intimation of completion of necessary formalities was received today viz. 25th June, 2026 at about 11:21 a.m. (IST).</in-capmkt:TransactionCompleted><in-capmkt:AmountOfTransactionCompleted contextRef="OneD" unitRef="INR" decimals="-5">2616100000</in-capmkt:AmountOfTransactionCompleted><in-capmkt:DateOfTransactionCompleted contextRef="OneI">2026-06-24</in-capmkt:DateOfTransactionCompleted><in-capmkt:PercentageOfTransactionCompleted contextRef="OneI" unitRef="pure" decimals="INF">0.74</in-capmkt:PercentageOfTransactionCompleted></xbrli:xbrl>