KCT Group May Sell its Renewable Energy Assets in India for up to USD150 Million

Published: Aug 08 2017
Deal Summary

Karam Chand Thapar & Bros. (Coal Sales) Ltd.(KCT Group), intends to sell its renewable energy assets located in Andhra Pradesh, India, as reported by sources, citing people familiar with the matter. The transaction is expected to be valued between USD100 million to USD150 million. The total installed capacity of the renewable energy assets is 103 MW.

According to sources, Kotak Mahindra Capital Company is acting as financial advisor to KCT Group for the divestment of its renewable energy assets.

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