Projects Today reported that Crompton Greaves, the electrical equipment manufacturer will acquire a 41% stake in Avantha Power & Infrastructure for INR 227 crore.

APIL, an Avantha Group Company is engaged in generation, transmission and distribution of electricity. APIL is in the process of establishing 2 new Independent Power Producer plants with a capacity to generate 600 MW each the Korba Project at Raigarh in Chhattisgarh and the Jhabua Project at Seoni in Madhya Pradesh, for which APIL was seeking a strategic partner for its expansion plans.

(Sourced from Projects Today)