Latest News
Avantha Group
Source Name: Avantha Group

Avantha Power & Infrastructure Limited (APIL) Signs MoU with Adani Power Ltd

Nov 24, 2014   12:57 IST 
New Delhi, Delhi, India

Avantha Power & Infrastructure Limited (APIL) confirms the signing of a Memorandum of Understanding with Adani Power Ltd. for 100 per cent acquisition of APIL's Korba West Power Company Ltd. (KWPCL). KWPCL, a SPV of APIL, has a commissioned coal based thermal power plant of 600 MW. KWPCL is valued in excess of Rs. 4200 crores.                                    

 

About Avantha:

The Avantha Group’s entities in diversified sectors include Crompton Greaves (power transmission and distribution equipment and services), BILT (paper and pulp), The Global Green Company Limited (food processing), Biltech Building Elements Limited (infrastructure), Avantha Power (energy), Salient Business Solutions Limited (IT and ITES), Jg Glass (glass container).

 

With a global footprint, the Group operates in 90 countries with more than 25,000 employees worldwide.

 

For more information on Avantha, please visit: www.avanthagroup.com.

 

For further information, please contact:

Mrs. Shravani Dang                          

Vice President

Group Head – Corporate Communications

Avantha Group, 1st floor, Thapar House,

124, Janpath Lane, New Delhi 110 001

Tel (D): +91 11 41699282 Tel (B): +91 11 23368332

s.dang@avanthagroup.com


 
 
For press background on Avantha Group

click here