Cross Border Power Transmission Company
Founded Year
2006Stage
Secondary Market | AliveAbout Cross Border Power Transmission Company
Cross Border Power Transmission Company builds, maintains, and operates transmission systems between India and neighboring countries such as Nepal, Bhutan, Bangladesh, Myanmar, Sri Lanka, and Pakistan. It was founded in 2006 and is based in Gurgram, India.
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Latest Cross Border Power Transmission Company News
Jun 9, 2022
IEDCL holds a 38% stake in CPTCL (totalling to 1.85 crore shares), while the remaining is held by joint venture partners Powergrid (26%), Satluj Jal Vidyut Nigam (26%) and Nepal Electricity Authority (10%). This acquisition of over 77.30 lakh shares, approved by the Power Grid's board, amounts to divestment of nearly 43% stake (of the 38%) held by IEDCL in CPTCL. Power Grid Corporation of India (Power Grid) has received board approvals to acquire 77.30 lakh shares held by IL&FS Energy Development Company (IEDCL) in Cross Border Power Transmission Company (CPTCL). IEDCL holds a 38% stake in CPTCL (totalling to 1.85 crore shares), while the remaining is held by joint venture partners Powergrid (26%), Satluj Jal Vidyut Nigam (26%) and Nepal Electricity Authority (10%).This acquisition of over 77.30 lakh shares, approved by the Power Grid’s board, amounts to divestment of nearly 43% stake (of the 38%) held by IEDCL in CPTCL. Power Grid’s board of directors approved the proposal at its meeting held on Sunday, the company said in a regulatory update. Financial details of the deal were not immediately disclosed.
Cross Border Power Transmission Company Frequently Asked Questions (FAQ)
When was Cross Border Power Transmission Company founded?
Cross Border Power Transmission Company was founded in 2006.
Where is Cross Border Power Transmission Company's headquarters?
Cross Border Power Transmission Company's headquarters is located at 1st Floor, Corporate Office Tower, Ambience Mall Complex, Gurugram.
What is Cross Border Power Transmission Company's latest funding round?
Cross Border Power Transmission Company's latest funding round is Secondary Market.
Who are the investors of Cross Border Power Transmission Company?
Investors of Cross Border Power Transmission Company include Power Grid Corporation of India.
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