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Tag : Sterlite Power

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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 Secures INR 580 Crore Funding From REC for Udupi Kasargode Transmission Project

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The project set up by UKTL is an Inter-State Transmission System project spanning across the southern states of Karnataka and Kerala. June 16, 2021 Sterlite Power, a global developer of power transmission infrastructure, announced the successful financial closure of the project set up by Udupi-Kasargode Transmission Project Ltd (UKTL). It......
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Adani, Torrent Submit Expression of Interest for South East U.P. Power Transmission

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Madrid-based Isolux Corsan had built lines and substations within a 600 km stretch near Aligarh. Now, out of the remaining infrastructure of around 1,000 km, about 30% has been completed so far. April 03, 2021 Multinational conglomerate Adani Group and Torrent Group have submitted their expression of interest (EoI) to......
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Sterlite Power Elevates Manish Agarwal as CEO of Infrastructure & Solutions Business

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In the elevated role, Mr. Manish Agarwal will be responsible for both greenfield and brownfield transmission business of the company in India. February 25, 2021 Sterlite Power, a leading global developer of power transmission, has announced the elevation of Mr. Manish Agarwal as CEO of the Infrastructure business, in addition......
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Sterlite Power: Productivity in Manufacturing and Innovation Will Pave a Way for Overall Growth

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“The emphasis on technology and innovation will continue, while also in keeping with our core value of ‘social impact’, we will continue to focus on cleaner and greener solutions and low loss, and high ampacity products.” Excerpts of the interview with Mr. Manish Agarwal, CEO-Infrastructure & Solutions Business, Sterlite Power......
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18 Firms Show Interest in Chandigarh Power Distribution

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At least 18 firms have so far evinced interest in privatization of electricity distribution in Chandigarh. January 22, 2021 Becoming the first Union Territory to offer its power distribution company for complete privatization, Chandigarh had earlier issued a tender inviting bids for the same. Privatization of DISCOMs was part of......
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Sterlite Power Completes Merger of Sterlite Power Grid Ventures With Itself

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With this merger, the company further strengthens its position in the marketplace by integrating operations and streamlining the corporate structure. January 13, 2021 According to an official report, Sterlite Power has announced the completion of merger of its wholly-owned subsidiary Sterlite Power Grid Ventures Ltd with the parent entity. After......
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Sterlite Power partners with AMP Capital to start 1800 km of Transmission Lines

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For power transmission projects entailing an investment of USD 1 billion, Sterlite Power Transmission Ltd has announced its association with global investment manager AMP Capital. December 30, 2020 With the plan to develop energy transmission projects in India, Sterlite Power and global investment manager AMP Capital has formed a partnership,......