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KPTL signs agreement to sell Alipurduar Transmission Asset to Adani Transmission

06 Jul 2020 Evaluate

Kalpataru Power Transmission (KPTL) has signed definitive agreement to sell Alipurduar Transmission (ATL) to Adani Transmission for a total Enterprise Value (EV) of about Rs 1286 crore, subject to certain adjustments on account of assets and liabilities at the time of closing of the transaction. The transaction is also subject to requisite approvals and compliances.

ATL was set up as part of an inter-state transmission system for strengthening and transferring of power from new hydroelectric power projects in Bhutan to India. The project involved design, financing, construction, commissioning, operation and maintenance of 325 kms of 400 KV transmission line. ATL won this project on BOOM basis through a competitive bidding process from REC Transmission Projects Company (RECTPCL) for a period of 35 years. ATL is a wholly owned subsidiary of KPTL.

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.

Kalpataru Projects Share Price

1382.95 10.20 (0.74%)
03-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4026.80
Kalpataru Projects 1382.95
Rail Vikas Nigam 235.00
NCC 149.50
KEC International 510.80
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