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Kalpataru Power Transmission completes sale of additional 25% stake in ATL

13 Oct 2022 Evaluate

Kalpataru Power Transmission has completed the sale and transfer of an additional 25% of the total equity shares of Alipurduar Transmission (ATL) held by the Company to Adani Transmission. Post such sale, the company has now transferred an aggregate of 74% of the total equity shares of ATL, with an agreement to sell balance 26% to Adani Transmission, after obtaining requisite regulatory and other approvals and in a manner consistent with Transmission Service Agreement.

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 3850.00
Kalpataru Projects 1384.00
NCC 137.45
Rail Vikas Nigam 198.90
KEC International 406.80
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