On Friday, Techno Electric & Engineering Company revealed its new partnership with IndiGrid, marking a significant development in the field of green energy infrastructure. The collaboration involves the joint development of two greenfield transmission projects and the signing of a securities subscription and shareholders agreement.
As part of this strategic alliance, the company will play a key role in both co-developing and investing in IndiGrid’s projects: Ishanagar Power Transmission Ltd (IPTL) and Dhule Power Transmission Ltd (DPTL). According to the announcement filed with the Bombay Stock Exchange (BSE), Techno Electric will contribute minority equity to these projects and take on the complete execution responsibilities under a Lump Sum Turnkey (LSTK) arrangement.
Padam Prakash Gupta, Chairperson of Techno Electric, highlighted the significance of this partnership, stating, “This alliance represents a major milestone for our company and underscores our dedication to transforming India’s energy landscape.”
Founded in 1963, Techno Electric & Engineering Company has established itself as a leading player in India’s power infrastructure sector. The company is renowned for its expertise in engineering, procurement, and construction (EPC) services across power generation, transmission, and distribution.
IndiGrid, known as the pioneering Infrastructure Investment Trust (InvIT) in the Indian power sector, brings its own strong credentials to this collaboration, marking a new chapter in the enhancement of India’s energy infrastructure.
Techno Electric & Engineering Company is a prominent player in India’s power infrastructure sector. Renowned for its expertise in engineering, procurement, and construction (EPC) services, Techno Electric specializes in power generation, transmission, and distribution. The company is recognized for delivering high-quality, innovative solutions and has a strong reputation in the industry.
IndiGrid is the first Infrastructure Investment Trust (InvIT) in India’s power sector. It focuses on owning and operating high-quality power transmission assets, providing long-term, stable returns for investors. Together, Techno Electric and IndiGrid are driving advancements in India’s energy infrastructure.
