Kalpataru Power Transmission Limited (KPTL) and its joint venture partner have completed 74 per cent equity stake sale in Jhajjar KT Transco Private Limited (JKTPL) to IndiGrid.
KPTL has completed the sale of about 37.78 per cent of equity shares. Earlier in May 2020, KPTL had announced that it would sell the joint venture at an enterprise value of Rs 3.10 billion to indiGrid. JKTPL holds the first power transmission project secured by KPTL and TEECL on a design-build-finance-operate-transfer basis. The project comprises three 400 kV power transmission lines and two 400 kV and substations in Haryana.