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Techno Electric & Engineering Company updates on its wind power assets

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Capital Market

Its subsidiary sells 44.45 MW wind power assets for Rs 215 crore

Techno Electric & Engineering Company announced that Simran Wind Project (SWPL), a 96.62% 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. Post this transaction, SWPL continues to hold 117.9 MW of wind power assets.

Techno Electric along with its subsidiary SWPL will have a portfolio of 162.9 MW of wind power asset post above transaction.

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First Published: May 14 2015 | 12:50 PM IST

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