Techno Electric sells 33 MW wind power asset for Rs 165 cr

Techno Electric & Engineering Company today said it has sold 33 MW wind power asset in Tamil Nadu for Rs 165 crore.
"Company has sold 33 MW Wind Power Assets situated in the state of Tamil Nadu at an effective valuation of Rs. 165.19 crore," Techno Electric & Engineering Co said in a filing to BSE.
Post this transaction, the company continues to hold 12 MW of wind power assets, it said.
"Techno Electric along with its subsidiary Simran Wind Project Ltd will have a portfolio of 129.9 MW of wind power asset post above transaction," the filing said further.

Shares of the company gained 1.54 per cent to close at Rs 346.50 per share on BSE today.