Techno Electric & Engineering Company has sold/disposed off 37.50 MW of its Wind Power Assets out of the 111.90 MW situated in Tamilnadu at an approximate consideration of Rs 158.93 crore and entered into MoUs for the sale of another 71.40 MW. The company had installed 111.90 MW wind power assets in the year 2011.
The sale of wind power assets is in line with its strategy to exit the wind energy business and invest in its future growth plans, including expanding its international presence. With the continuing momentum in divestment of long-term assets and non-core businesses, the company remains focused on executing its strategy of pursuing growth in targeted core EPC businesses.
Techno Electric & Engineering Company is one of India’s most important power-infrastructure company. The company was established with a mission to provide comprehensive Engineering, Procurement and Construction (EPC) services to core sector industries in India.
