Acquisition of 64.98% equity stake in MTCIL JV from Sterlite Technologies Limited. This acquisition is in line with Sterlite Power’s strategy to establish a strong OPGW fiber network in the country utilizing overhead Right-of-way of Power Utilities New Delhi: Sterlite Powerhas announced acquisition of 64.98% equity stake in Maharashtra Transmission Communication Infrastructure Limited(“MTCIL”) – a […]
Sterlite Power Brasil raises 600 million Brazilian real via debentures – EQ Mag Pro
New Delhi : Sterlite Power arm Sterlite Power Brasil has raised 600 million Brazilian real (about Rs 970 crore) through the issuance of debentures. “Sterlite Power Brasil, a subsidiary of the Indian corporation Sterlite Power Transmission Ltd, a company that develops energy transmission projects, announces the issuance of debentures on the total amount of R$ […]
Sterlite Power Wins Second Power Transmission Project in Jammu & Kashmir – EQ Mag Pro
LOI received for Transmission System Project for evacuation of power from Pakaldul Hydro Electric Project (HEP)in Chenab Valley; estimated COD by April 2025 Kishtwar substation will serve as pooling station for multiple HEPs planned in the region & critical for providing ISTS connectivity to these plantsto northern region of India 400kV GIS substation to be […]
Octopus Energy, Sterlite Power team up to decarbonize Indian industry – EQ Mag Pro
Energy technology pioneer Octopus Energy Group and leading Indian power transmission player Sterlite Power have signed an agreement that aims to help decarbonise Indian industry and bring cheaper green power to consumers around the world. The Memorandum of Understanding (MoU), signed at COP26, will see the two companies explore several joint retail ventures. It is […]
Sterlite Power to expand transmission projects in Brazil for Rs 250 cr – EQ Mag Pro
The requests for an authorizing resolution for the construction of an additional scope came from the National Electric Energy Agency (ANEEL), it said Sterlite Power Transmission Ltd’s Brazilian arm Sterlite Power Brasil plans to expand projects in two regions of Brazil with a capital expenditure of Rs 250 crore, a statement said on Monday. Sterlite […]
Sterlite Power wins order for Rs 324-crore transmission project
Sterlite Power on Monday said it has bagged Nangalbibra -Bongaigaon inter-state power transmission project worth Rs 324 crore. “Sterlite Power, a leading private sector power transmission infrastructure developer and solutions provider, has been awarded the Nangalbibra-Bongaigaon interstate power transmission project worth Rs 324 crore through tariff-based competitive bidding (TBCB) by virtue of emerging as the […]
IndiGrid to buy 100% stake in NER II from Sterlite Power for Rs 4,625 crore
The indicative value of the acquisition is Rs 4,625 crore and would boost IndiGrid’s asset under management (AUM) by 34 per cent to over Rs 20,000 crore (USD 2.8 billion). New Delhi: Investment trust IndiGrid on Friday inked an agreement to acquire 100 per cent equity stake in NER II Transmission from Sterlite Power for […]
Sterlite Power successfully raises Rs 200 cr from Allianz Global Investors
Mumbai: Sterlite Power, a leading global power transmission player, on Monday said that it has raised Rs 200 crore in debt financing from Allianz Global Investors (Allianz GI) – one of the world’s leading investment managers with focus on sustainable investments. This transaction is one of the first infrastructure sector financing deals for Allianz GI […]
AMP Capital, Sterlite Power join hands for energy transmission projects
Companies will each invest $150 million to develop four transmission projects Global investment manager AMP Capital has partnered with Sterlite Power Transmission Limited for the development of energy transmission projects in India. AMP Capital and Sterlite Power will each invest $150 million initially to develop four transmission projects, and have put in place debt financing, […]
Sterlite Power sells 14.7% stake in IndiGrid, HNIs for Rs 840 crore
Sterlite Power is the sponsor of IndiGrid, India’s first power sector InvIT, which saw its initial offer in 2017 Sterlite Power today announced the successful sale of its 14.7 per cent stake in India Grid Trust (IndiGrid) to institutional and high net worth investors for Rs 840 crore at a unit price of Rs 98. […]