Kalpataru Power Transmission (KPTL) has completed the sale and transfer of 49% of the total equity shares of Alipurduar Transmission (ATL) to Adani Transmission with an agreement to sale balance 51% after obtaining requisite regulatory and other approvals and in a manner consistent with Transmission Service Agreement.
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.
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.
