CLP India, one of the largest foreign investors in the Indian power sector, has entered into a binding agreement with Kalpataru Power Transmission Ltd. (KPTL) and Techno Electric & Engineering Co. Ltd. (Techno) to buy equity stakes in three special purpose vehicles (SPVs), owning power transmission assets, for an estimated enterprise value of ₹3,275 crore. The transaction marks CLP India’s entry into the power transmission sector. With this, CLP India has broadened its portfolio to straddle two out of the three main segments in India’s power value chain.
CLP India to purchase Kalpataru transmission assets for ₹3,275 crore
Date posted: Thursday 4 July 2019