 "power distribution, electricity, electricity transmission")
After the Sadbhav group, it was Kalpataru Power Transmission’s turn to ink a binding agreement to sell stake in three of its transmission projects, to reduce debt. In line with its view to strengthen its balance sheet, the company announced plans to sell stakes in its Alipurduar Satpura and Kohima projects.
While Satpura had contributed Rs 26.8 crore to revenues in FY19 after achieving COD (projects completion), Alipurduar had contributed just Rs 5.2 crore and was scheduled to receive COD shortly, while Kohima was expected to be completed next year. However, the company is receiving good valuations for the projects.
The stake
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