PTC India Financial acquires 26 pc equity in Ind-Barath
PTC India Financial Services, a subsidiary of PTC India Ltd, has entered into an agreement in Ind-Barath Powergencom for picking over one-fourth stake in the latter's 189 MW thermal power plant.
By PTI |
NEW DELHI : PTC India Financial Services, a subsidiary of PTC India Ltd, has entered into an agreement in Ind-Barath Powergencom for picking over one-fourth stake in the latter's 189 MW thermal power plant.
PTC would acquire 26 per cent equity stake in the power plant being set in Tamil Nadu, the company said in a statement.
However, it did not give any financial details. PTC which started operation in mid 2007, has already acquired equity stakes in a number of power projects across the country.
Earlier this month, it picked up 26 per cent equity stake in Meenakshi Engery for setting up of a 270 MW power project at Nellore district in Andhra Pradesh.
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