GPT Infraprojects Limited is planning to sell, transfer or otherwise dispose off its wind power business. It has two Wind Turbine Generator based power plants each having 1.25 M.W. capacity both located in Tamilnadu. GPT Infra has received the board approval for the same.
GPT Infraprojects Limited (GPTIL), the flagship company of GPT Group was incorporated in 1980. The company operates primarily in two division – the Sleeper Division and the Infrastructure Division.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.