MoneyWorks4Me

Techno Electric & Engineering sells 33MW Wind Power assets for Rs 165.19 crore

12 Jan 2017 Evaluate

Techno Electric & Engineering Company has sold 33 MW Wind Power assets situated in the State of Tamil Nadu at an effective valuation of Rs 165.19 crore. Post this transaction, the company continues to hold 12 MW of wind power assets. The company along with its subsidiary, Simran Wind Project will have a portfolio of 129.9 MW of wind power asset post this transaction.

Techno Electric & Engineering Company is a provider of engineering, procurement and construction (EPC) services to core sector industries in India. The company’s segments are EPC (Construction), Energy (Power) and Corporate.

Peers
Company Name CMP
Larsen & Toubro 3770.00
Kalpataru Projects 1378.70
NCC 130.30
Rail Vikas Nigam 203.00
KEC International 390.50
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