Kalpataru Power Transmission (KPTL) has successfully completed sale of its entire stake in Kalpataru Satpura Transco (KSTPL) to CLP India. Consequently, KSTPL ceased to be a subsidiary of the company with effect from November 20, 2019. The company has received full consideration towards sale of its stake in KSTPL to CLP in November 2019.
In July 2019, the company had entered into binding agreements with Canada's institutional fund manager CDPQ's arm CLP India to sell its stake in three power transmission assets -- KSTPL, Alipurduar Transmission (ATL) and Kohima Mariani Transmission (KMTL) referred jointly as SPVs -- for an estimated enterprise value of Rs 3,275 crore.
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.
