IndiGrid to acquire Jhajjar KT Transco for Rs 310 crore

IndiGrid has entered into a share purchase agreement to acquire Jhajjar KT Transco Private Limited, a power transmission line operator, for Rs 310 crore. The target is owned by Kalpataru Power Transmission Ltd and Techno Electric & Engineering Company.

“This acquisition is in line with our strategy to acquire accretive operational assets with long term and stable cash flows thereby growing returns for unit holders.”thehindubusinessline.com

• 1 source
• thehindubusinessline.comIndiGrid to buy Jhajjar KT Transco for Rs 310 crore - The HinduBusinessLineOur BureauMay 30, 2020

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