MoneyWorks4Me

Kalpataru Power Transmission to sell stake in 3 power transmission assets

03 Jul 2019 Evaluate

Kalpataru Power Transmission (KPTL) has entered into binding agreements with CLP India to sell its stake in 3 power transmission assets namely, Kalpataru Satpura Transco (KSTPL), Alipurduar Transmission (ATL) and Kohima Mariani Transmission (KMTL), for an estimated enterprise value of Rs 3,275 crore.

As a part of this deal, the transaction for ATL and KMTL will be effective post Commercial Operation Date (COD) and fulfilment of certain conditions. Techno Electric & Engineering Company (Techno) owns 26% stake in KMTL.

Kalpataru Power Transmission is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution.

Peers
Company Name CMP
Larsen & Toubro 3693.75
Kalpataru Projects 1437.40
NCC 127.10
Rail Vikas Nigam 195.85
KEC International 363.65
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