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Techno Electric arm sells 44.45 MW assets for Rs 215 cr

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Press Trust of India New Delhi
Techno Electric & Engineering today said its arm has sold 44.45 MW wind power assets worth Rs 215 crore in Tamil Nadu.

"Simran Wind Project Ltd (SWPL), a 96.62 per cent subsidiary of the company, has sold 44.45 MW wind power assets situated in the state of Tamil Nadu at an effective valuation of Rs 215 crore," Techno Electric & Engineering said in a regulatory filing.

Post this transaction, SWPL continues to hold 117.9 MW of wind power assets.

Techno Electric along with its subsidiary SWPL will have a total portfolio of 162.9 MW of wind power asset after the transaction.

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First Published: May 14 2015 | 3:13 PM IST

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