Sterlite Power

The industry is expecting the government to invite bids for power transmission infrastructure projects worth Rs 1.50 lakh crore in the next 18 months, Sterlite Power Transmission said on Thursday. In December, the government had launched a plan with investment opportunities of about Rs 2.44 lakh crore for building a transmission system for evacuating 500 gigawatts (GW) of non-fossil based energy by 2030. "We expect that nearly 60-65 per cent of these projects totalling Rs 150,000 crore will come up for bidding in next 18 months since completion of all processes and then construction of projects will take another 4-5 years," said a senior Sterlite Power Transmission official. The industry expects the government to invite bids under tariff based competitive bidding (TBCB) for power transmission infrastructure projects as it accelerates creation of new power lines and green energy corridors to integrate rising share of renewable power, the official said. As one of India's leading ...

Sterlite Power on Friday said it has bagged a green energy transmission project in Rajasthan. The project was bid out through tariff-based competitive bidding (TBCB) process, a company statement said. Sterlite Power received the Letter of Intent (LoI) from PFC Consulting Ltd to build the project on BOOT (build, own, operate, transfer) basis, for a period of 35 years. Sterlite Power has been awarded the transmission project for the evacuation of power from renewable energy zones in Fatehgarh (9.1 GW), Bhadla (8 GW) and Ramgarh (2.9 GW) areas in Rajasthan. The entire transmission system forms a critical part of the roadmap released by the Ministry of Power in 2022 for the integration of over 500 GW RE Capacity to the national grid by 2030. The project will involve construction of a 350km, 765kV transmission corridor from Fatehgarh III to Beawar in Rajasthan. Sterlite Power is a leading private sector power transmission infrastructure developer and solutions provider with a robust .

Sterlite Power on Monday said that it has successfully commissioned its largest green energy corridor in Gujarat called Lakadia-Vadodara Transmission Project. The project aims to deliver more than 5,000 MW of power from renewable rich regions of Bhuj and Kutch to the national grid, a step towards accelerating India's transition towards a greener economy, a statement said. Sterlite Power, a leading power transmission company in India and Brazil, announced the commissioning of its green energy corridor project - Lakadia-Vadodara Transmission Project Ltd (LVTPL), it stated. Built with an investment of Rs 2,024 crore, this inter-state transmission project connects the 765/400 kV substation at Lakadia to Vadodara through a 335 kilometres long 765 kV double-circuit transmission line, it stated. With 812 towers spanning seven districts in Gujarat, this transmission corridor is also one of the largest in India till date, it claimed. Additionally, it forms a critical part of the world's ..

Sterlite Power on Monday said it has bagged orders worth Rs 3,800 crore in the first three quarters of this fiscal, which is 90 per cent higher than a year ago. The orders were bagged by the solutions' business unit in the domestic and international markets during the first three quarters FY23, showing a growth of 90 per cent growth compared to the same period of FY22, a company statement said. Sterlite Power is a leading power transmission developer and solutions provider. The new order wins are for the uprate of existing power transmission lines for 132 kV, 220 kV and 400kV of Power Grid Corporation of India (PGCIL) and state utilities like Meghalaya Power Transmission Corporation Ltd (MePTCL), and West Bengal State Electricity Transmission Company Ltd (WBSETCL), it said. For Haryana Vidyut Prasaran Nigam Ltd (HVPNL), the company will supply and install OPGW for fiberization of the state's existing transmission network for 66 kV, 132 kV, 220 kV and 400kV. In the products busines

Joint venture projects by Sterlite Power Transmission Ltd and Australia-based AMP Capital worth Rs 3,500-4,000 cr

Serentica Renewables will supply 600 MW to Vedanta Group, set up energy storage capacity in three states

To provide integrated green energy solutions to carbon-intensive industries

Power transmission infrastructure developer Sterlite Power on Tuesday said it has acquired the Nangalbibra-Bongaigaon inter-state transmission project from PFC Consulting.

Octopus Energy and Sterlite Power have inked a pact to help decarbonise the Indian industry and bring cheaper green power to consumers around the world

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 L1 bidder," a company statement said. The project elements consist of a new 220/132 kV substation at Nangalbibra and laying of 130 km of 400kV D/c transmission line connecting Bongaigaon in Assam to Nangalbibra in Meghalaya across the river Brahmaputra, it added. The project will also have 20 km of 132kV D/c line connecting Hatsinghmari in Assam to Ampati in Meghalaya. Sterlite Power has a track record of executing complex projects successfully with the use of technology and innovative solutions. The company has completed the NER-II project, an inter-state transmission sche

With these, RE connectivity and private participation will get a fillip

IPO-bound Sterlite looks at growth in power transmission infra and power equipment industry

Billionaire Anil Agarwal-led Sterlite Power Transmission has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,250 crore through an initial share-sale. The initial public offer (IPO) will see sale of equity shares aggregating up to Rs 1,250 crore by the company, according to draft red herring prospectus (DRHP). The offer will include a reservation of shares for employees of the company. Proceeds of the IPO will be used for payment of certain borrowings availed by the company and Khargone Transmission Limited (KTL). The company may consider a pre-IPO placement aggregating up to Rs 220 crore. If such placement is completed, the issue size will be reduced. Sterlite Power is promoted by Agarwal and Twin Star Overseas. The electricity transmission infrastructure firm, part of Vedanta group, has two business lines -- global Infrastructure and solutions. The global infrastructure business line bids for, designs, constructs, owns and operates power transmission

The IPO will mainly consist of new shares, and more bankers may be added as plans progress

The per unit cost we are looking at is very feasible and this could be a reality in 3-5 years, said MD Agarwal

County's first listed infrastructure investment trust aims to acquire Rs 8,000 crore worth of assets: CEO

He will be replaced by Amitabh Prasad in February, according to a statement

Sterlite Power on Wednesday announced completion of merger of its arm Sterlite Power Grid Ventures Ltd with itself.

To fund 4 transmission projects of Sterlite connecting renewable projects

Sterlite Power is the sponsor of IndiGrid, India's first power sector InvIT, which saw its initial offer in 2017