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.
SAIF Partners, one of the early backers of BSE listed local search directory, Just Dial has sold close to 2.4% stake in the company for a total of INR254 Cr. The part exit fetches the fund, a 30x returns on its seven year old investment.