# 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.

- Type: Acquisition
- Announced: 2020-05-30
- Where: Haryana, India
- Value: $41.0M (3.10B INR)
- Status: announced
- Products: power transmission lines, substations
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [IndiGrid](https://endata.com/companies/27309.md) (acquirer)
- [Techno Electric & Engineering Company](https://endata.com/companies/30178.md) (partner)
- [Kalpataru Power Transmission](https://endata.com/companies/30967.md) (partner)
- [Jhajjar KT Transco Private Limited](https://endata.com/companies/47562.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/indigrid-to-buy-jhajjar-kt-transco-for-rs-310-crore/article31710502.ece), 2020-05-30: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.