Kalpataru Power Transmission, JV partner complete 74% equity stake sale in JKTPL
29th Sep 2020

Kalpataru Power Transmission and its joint venture partner have completed 74 per cent equity stake sale in Jhajjar KT Transco (JKTPL) to IndiGrid. Parties have completed the sale of first closing sale shares, which represents about 74 per cent of the total equity shares of the JKTPL after obtaining the requisite regulatory and other approvals and compliance with condition precedents.

The company held 49.72 per cent, Klassik Vinyl Products LLP (KVPL) held 1.32 per cent and Techno Electric & Engineering Company (Techno) held balance 48.96 per cent equity in JKTPL. The sale of balance shares held by the company and Techno is expected to be completed shortly.

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.