Polite Powertech raises Rs.20-Cr led by Chanakya Opportunities Fund

Chanakya Opportunities Fund I, an Alternative Investment Fund (AIF) of Steptrade Capital, has led an INR 20 crore round in Polite Powertech , a Surat-based player in the power transmission and distribution space.Polite Powertech, formerly Patel Electricals, works across Extra High Voltage (EHV), High Voltage (HV), Medium Voltage (MV), and Low Voltage (LV) cable systems and also executes solar power and underground distribution network projects.