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.
The Foreign Investment Promotion Board (FIPB) green-signals broking firm Sharekhan Ltd.’s proposal to sell 100 per cent stake to BNP Paribas after many deferrals. This move will allow the former to entice foreign investment of worth Rs 2,060 crore. Currently, this procedure falls under FDI policy that means, a foreign investor can have up to 100 percent stake in a stockbroking firm only under the automatic route.