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Kalpataru Power, JV partner complete 100% stake sale in JKTPL

05 Oct 2020 Evaluate

Kalpataru Power Transmission and its joint venture partner have completed 100 percent stake sale in Jhajjar KT Transco (JKTPL) to IndiGrid. Earlier, the company had completed sale of 74 percent stake in Jhajjar KT Transco in first round of equity selling to India Grid Trust (IndiGrid). The Parties have completed the sale of second closing sale shares, which represents about 26% (13.26% held by the Company and 12.74% held by Techno) of the total equity shares of JKTPL to India Grid Trust.

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 3694.90
Kalpataru Projects 1452.85
NCC 126.60
Rail Vikas Nigam 195.55
KEC International 362.45
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