Stakes of Kohima-Mariani Transmission sold to CLP India by Kalpataru Power Transmission and TEECL
Kalpataru Power Transmission (KPTL) and Techno Electric and Engineering Company (TEECL) (a joint-venture partner of KPTL) have sold their respective stakes of Kohima-Mariani Transmission (KMTL) to CLP India (Apraava Energy), the buyer.Kalpataru Power Transmission (KPTL) and Techno Electric & Engineering Company (TEECL), a joint venture partner of KMTL, has completed the transfer of 49% stake (23% by KPTL and 26% by TEECL) in Kohima‐Mariani Transmission (KMTL) to Apraava Energy (formerly known as CLP India).
KMTL is a joint move between KPTL and Techno Electric & Engineering Company (TEECL) with KPTL holding 74% stake and TEECL holding 26% equity.
KMTL was set‐up to implement a transmission system under North Eastern Region Strengthening Scheme (NERSS‐VI) on a Build, Own, Operate and Maintain (BOOM) basis. The project involved design, financing, construction, commissioning, operation and maintenance of 254 ckms of 400 KV transmission line, 400/220 kV GIS Substation of 16 bay, 7x167 MVA capacity with remote security and remote communication features.
Kalpataru Power Transmission is amongst the leading engineering, procurement, and construction (EPC) companies.It is executing projects that delivers complete solutions covering design, testing, fabrication, erection and construction of transmission lines, oil and gas infrastructure and railways projects on a turnkey basis. The Shares of Kalpataru Power Transmission declined 2.76.