Companies

CLP India to buy power transmission assets of KPTL for Rs 3,275 cr

Our Bureau Mumbai | Updated on July 03, 2019 Published on July 03, 2019

Rajiv Mishra, MD, CLP India

CLP India will buy the three power transmission assets held from Kalpataru Power Transmission Ltd (KPTL) and Techno Electric Engineering for Rs 3,275 crores.

KTPL's assets, which were held through SPVs include Kalpataru Satpura Transco Private Limited (KSTPL), Alipurduar Transmission Limited (ATL) and Kohima Mariani Transmission Limited (KMTL), the company said in a statement.

KPTL, a diversified Mumbai-based firm, has interests ranging from real estate to power, civil infrastructure and logistics. With this, CLP India will also buy the debt held by these SPVs which was estimated to be Rs 2,000 crores.

“The acquisition of the KPTL assets will enable us to expand our geographical reach across the country and both CLP and CDPQ, share a vision to invest in a low-carbon, clean energy portfolio in India,” said Rajiv Mishra, Managing Director, CLP India.

Published on July 03, 2019
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