Techno Electric and Engineering Company, a provider of engineering, procurement and construction services, said Thursday the company's 96.62% subsidiary Simran Wind Project (SWPL) has sold 44.45 MW Wind Power Assets situated in the State of Tamil Nadu at an effective valuation of Rs 2.15 billion. Post this transaction, SWPL continues to hold 117.9 MW of wind power assets.

Techno Electric along with its subsidiary SWPL will have a portfolio of 162.9 MW of wind power asset post above transaction.

Shares of the company gained Rs 4.1, or 1.05%, to trade at  Rs 394.50.  The total volume of shares traded  was  2,188 at the BSE (1.03 p.m., Thursday).