{"id":354670,"date":"2020-06-01T10:59:27","date_gmt":"2020-06-01T05:29:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=354670"},"modified":"2020-06-01T10:59:27","modified_gmt":"2020-06-01T05:29:27","slug":"indigrid-to-buy-kalpataru-power-jv-asset-for-rs-310-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigrid-to-buy-kalpataru-power-jv-asset-for-rs-310-crore\/","title":{"rendered":"IndiGrid to Buy Kalpataru Power JV Asset for Rs 310 crore"},"content":{"rendered":"<p>MUMBAI: Private equity firm KKR backed infrastructure investment trust India Grid Trust, or IndiGrid, has signed an agreement to acquire a power transmission asset at Jhajjar in Haryana for Rs 310 crore from current owners Kalpataru Power Transmission and Techno Electric &amp; Engineering Company.<\/p>\n<p>IndiGrid aims to scale up its power transmission assets under management (AUM) to Rs 30,000 crore by 2022 and has plans to diversify into the solar power sector.<\/p>\n<p>&#8220;This transaction is a major milestone and example of an accretive capital allocation process that KPTL has employed over the past several years. We are also progressing well on sale of other T&amp;D assets and expect to close the same in FY21,&#8221; Manish Mohnot, managing firector and CEO, KPTL said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Private equity firm KKR backed infrastructure investment trust India Grid Trust, or IndiGrid, has signed an agreement to acquire a power transmission asset at Jhajjar in Haryana for Rs 310 crore from current owners Kalpataru Power Transmission and Techno Electric &amp; Engineering Company. IndiGrid aims to scale up its power transmission assets under management (AUM) to Rs 30,000 crore by 2022 and has plans to diversify into the solar power sector. &#8220;This transaction is a major milestone and example of an accretive capital allocation process that KPTL has employed over the past several years. We are also progressing well [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-354670","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/354670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=354670"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/354670\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=354670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=354670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=354670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}