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Sterlite Power to launch renewable energy biz, cater to industrial clients

To provide integrated green energy solutions to carbon-intensive industries

On April 16, as evening peak time approached, the cost of electricity at the exchange climbed up to Rs 10.31 per unit by 4 pm
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Sterlite, is part of the Vedanta group, has a 26 per cent market share in the transmission segment--the highest among private players

Shreya Jai New Delhi
Leading private power transmission provider Sterlite Power will launch a renewable energy venture through which it will provide integrated green energy solutions to industrial consumers, Business Standard has learnt. The company, formed in February according to regulatory filings, is likely to see a launch in the coming months, said sources.

Confirming the development, Pratik Agarwal, managing director, Sterlite Power told Business Standard the company is evaluating a separate power generation venture that will focus on energy transition solutions for commercial and industrial (C&I) consumers.

“We are looking at the broader power generation space where a lot of platforms are selling

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