PTC Energy plans for divestment of its stake in 290 MW of wind power projects

PTC Energy Limited (PEL), a subsidiary of PTC India Limited has planned for divestment of its stake in wind power projects of combined capacity 290 MW in Madhya Pradesh, Karnataka and Andhra Pradesh. The value of the transaction is expected to be about Rs 20 billion. Currently, PTC India has appointed KPMG for advising it on various fund-raising options for PEL and a formal process for the same has been initiated.

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