Sterlite Power Acquires a 64.98 Percent stake in MTCIL for OPGW Fibre Network in Maharashtra - Wire & Cable India
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Sterlite Power Acquires a 64.98 Percent stake in MTCIL for OPGW Fibre Network in Maharashtra

Acquiring an equity stake in MTCIL is in tandem with Sterlite Power’s strategy to establish a strong OPGW fiber network utilising overhead Right-of-way of power utilities across the country.

May 2, 2022

Sterlite Power
MTCIL has an optical fibre network of 3,162 km in Maharashtra.

Sterlite Power, the leading integrated power transmission developer, has acquired a 64.98 percent stake in Maharashtra Transmission Communication Infrastructure Ltd. (MTCIL) – a joint venture between Sterlite Technologies Ltd. (STL) and Maharashtra State Electricity Transmission Company Ltd. (MSETCL). The power transmission company has acquired an equity stake from STL.

MTCIL is a Public-Private Partnership (PPP) for Optical Ground Wire (OPGW) Fibre networks operating on a BOOM (build, own, operate, and maintain) model.

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MTCIL operates an optical fibre network of 3,162 km across 35 co-locations, serving telcos, ISPs, and data centres, in the state of Maharashtra.

About the development, Mr. Pratik Agarwal, Managing Director, Sterlite Power, said, “OPGW fiber networks offer a reliable data delivery solution and help leverage the existing power utility infrastructure for telecommunications purposes.”

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Further, Sterlite Power is planning to implement the PPP OPGW model in other parts of the country as well. Mr. Agarwal further added, “Such large-scale OPGW fiber roll-out is essential to achieve the ‘Digital India’ vision aimed at transforming the country into a digitally empowered society and knowledge economy.”