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Sterlite Power bags INR 440 Crore Funding for Nangalbibra-Bongaigaon Transmission project

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In the NBTL transmission project, more than 1000 MW of power will be transmitted from Assam to Meghalaya. Sterlite Power had taken over the NBTL SPV for the execution of the inter-state power transmission system project in December 2021. March 8, 2022 Sterlite Power Transmission Ltd., has secured INR 440......
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Sterlite Power Completes Ownership Transfer in IIML to Electron

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Sterlite Power has completed the transfer of its ownership in IndiGrid Investment Managers Ltd (IIML) to Electron IM Pte Ltd, an affiliate of KKR & Co Inc. January 14, 2022 Sterlite Power Transmission Ltd. has announced the successful sale of its remaining shareholding constituting 26 percent of the equity shareholding......
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Sterlite Power: Thrust on Renewables and Transmission Projects holds the key for growing Power Sector

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2021: The year that was 2021 has been a mixed bag for most businesses; however, on a net basis, we, at Sterlite Power, had more positives. Earlier in the year, we flipped the prestigious Northeast Region Transmission project which is geared to light up homes in India’s Northeastern states of......
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Sterlite Power Commissions Khargone Transmission Project worth INR 1,662 crore in MP

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With the power transmission project, 1,320 MW of power generated by the Khargone Power Plant will be evacuated to 765 kV Khandwa substation to further distribute it downstream across Madhya Pradesh, Maharashtra, Chhattisgarh, Gujarat, Goa, Daman & Diu, and Dadra & Nagar Haveli. January 11, 2022 Sterlite Power has successfully......
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Sterlite Power Acquires Power Transmission Project from PFC Consulting

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The power transmission infrastructure developer has informed that it has acquired the Nangalbibra-Bongaigaon inter-state power transmission project. More than 1000 MW of power will be transmitted from Assam to the western parts of Meghalaya. December 29, 2021 Sterlite Power Transmission has acquired the Nangalbibra-Bongaigaon Transmission, an inter-state power transmission project,......
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Sterlite Power to expand Transmission Projects in Brazil for INR 250 crore

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Sterlite Brazil Participaes S.A. (Sterlite Power Brasil), which is a subsidiary of Sterlite Power Transmission, is looking to expand transmission and substation projects in the states of Minas Gerais and Paraiba in the South American nation. December 17, 2021 Sterlite Brazil Participaes S.A. (Sterlite Power Brazil), the Brazilian subdivision of......
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Sterlite Power Seeks SEBI’s Nod to Raise Funds Through Investment Trust

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Sterlite Power Transmission is likely to be one of the first companies to raise capital through InvITs. December 5, 2016 According to reports, Sterlite Power Transmission seeks approval from the market regulator Securities and Exchange Board of India (Sebi) to raise funds through an Infrastructure Investment Trust (InvITs). The trust,......
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Sterlite Power Transmission to Buy Minority Stakes in Sharper Shape

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Sterlite Power and Shaper Shape have signed an agreement to deliver best drone technologies for surveillance of power transmission grids in India. August 9, 2016 Sterlite Power Transmission has decided to buy a minority stake in Sharper Shape, a US-based company to bring drone and automated inspection technologies for infrastructure......
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Sterlite to Bring in Heavy-lift Helicopters From American Firm Erickson

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The move is to ease operations in inhospitable mountainous region, especially for airlifting the transmission towers higher in the hills May 7, 2016 Infrastructure projects in hilly regions are unimaginably slow because of the dearth of faster commutation of logistics. It is not rare to witness a pack of mules......