Kalpataru Power Transmission (KPTL) and Techno Electric & Engineering Company (TEECL), a joint venture partner in KMTL, have successfully completed transfer of 49% stake (23% by KPTL and 26% by TEECL) in Kohima?Mariani Transmission (KMTL) to Apraava Energy (formerly known as CLP India). The remaining stake in KMTL will be transferred by KPTL in accordance with the terms of the Transmission Service Agreement (TSA).
KMTL is a joint venture between KPTL and TEECL with KPTL holding 74% and TEECL holding 26% equity. KPTL and TEECL had entered into a binding agreement in July 2019 with Apraava Energy to sell their respective 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.
