CLP India will buy the three power transmission assets held from Kalpataru Power Transmission Ltd (KPTL) and Techno Electric Engineering for Rs 3,275 crores.
KTPL's assets, which were held through SPVs include Kalpataru Satpura Transco Private Limited (KSTPL), Alipurduar Transmission Limited (ATL) and Kohima Mariani Transmission Limited (KMTL), the company said in a statement.
KPTL, a diversified Mumbai-based firm, has interests ranging from real estate to power, civil infrastructure and logistics. With this, CLP India will also buy the debt held by these SPVs which was estimated to be Rs 2,000 crores.
“The acquisition of the KPTL assets will enable us to expand our geographical reach across the country and both CLP and CDPQ, share a vision to invest in a low-carbon, clean energy portfolio in India,” said Rajiv Mishra, Managing Director, CLP India.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.