Kalpataru Power completes buyout of Swedish firm Linjemontage

11 Jul 2022 CW Team

Kalpataru Power Transmission (KPTL) has completed the acquisition of the remaining 15 per cent stake in Sweden-based engineering procurement and construction company Linjemontage i Grastrop AB through its wholly-owned subsidiary Kalpataru Power Transmission Sweden AB (KPT Sweden), for $11.5 million (around Rs 910 million).

With this, KPTL has completed the 100% acquisition of the Swedish firm, which is engaged in power transmission and distribution, substation, and operation and maintenance of electricity network services. KPT Sweden already held 85 per cent equity stake in the target company.

KPTL said the acquisition will further strengthen its position in the Nordic market as Sweden and Norway are very attractive markets for transmission line infrastructure, since both have among the oldest grid networks. KPTL expects to gain from the increased investments on grid infrastructure and renewable energy in the Nordic markets.

The estimated equity value of the 15 per cent stake is approximately Swedish Krona (SEK) 121.2 million ($11 .5 million), and exact cost of acquisition will be subject to customary closing adjustments.

Linjemontage, together with its subsidiaries, has a presence in Sweden and Norway with an order book of around SEK 1.31 billion ($137.88 million).

Also Read:
NTPC REL, Gujarat Alkalies tie up for green energy
NTPC Group companies see 21.7% rise in power generation

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..