Sterlite Power has been awarded the Nangalbibra-Bongaigaon ISTS power transmission bid for the North-East

New Delhi, 18 October 2021: Sterlite Power, a leading private sector power transmission infrastructure developer and solutions provider, has been awarded the Nangalbibra ─ Bongaigaoninter – state power transmission project worth INR 324 Cr*through tariff-based competitive bidding (TBCB) by virtue of emerging as the L1 bidder. The project elements consist of a new 220/132 kV substation […]

Sterlite Power wins IPMA Global Project Excellence Award 2021 for third year in a row Global Project Excellence Award 2021 for third year in a row

New Delhi, 07 October 2021: Sterlite Power, a leading private sector power transmission infrastructure developer and solutions provider,has been recognised at the IPMA Global Project Excellence Awards 2021. Sterlite Power won the ‘Bronze’ in the Mega-sized project category for its mega NER-II (North East Region Strengthening Scheme) project. With this win, the company has won arecognitionfor the […]

Sterlite Power secures INR 580 crore funding from REC for Udupi Kasargode Transmission Project

Sterlite Power secures INR 580 crore funding from REC for Udupi Kasargode Transmission Project New Delhi, 16 June 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 has secured the entire debt funding of INR 580 crores from […]

Sterlite Power wins the ‘Golden Peacock HR Excellence Award’ 2020

Sterlite Power wins the ‘Golden Peacock HR Excellence Award’ 2020 New Delhi, 08 June 2021: Sterlite Power, a leading global developer of power transmission infrastructure, has been awarded the Golden Peacock HR Excellence Award (GPHRE) 2020 in the power transmission sector. The award was conferred upon Sterlite Power for its constant efforts in building a purposeful and vibrant […]

Sterlite Power and Vinci Partners announce a strategic partnership in the power transmission sector for the purchase of Vineyards Project

Sterlite Power and Vinci Partners announce a strategic partnership in the power transmission sector for the purchase of Vineyards Project Sterlite Power’s Vineyards Project, which is already 95% complete and is partially operational with 70% RAP since January 2020, has 112 km of transmission lines, two new substations of 496 MVA, and expansion of four […]

IndiGrid completes India’s largest transmission asset acquisition

IndiGrid completes India’s largest transmission asset acquisition Acquisition of NER-II from Sterlite Power elevates AUM to ~INR 20,000 Cr Key Highlights NER-II acquired from Sterlite Power at an enterprise value of ~INR 4,625 Cr NER-II consists of 2 Substations of ~1,260 MVA capacity and 4 Transmission Lines across ~830 ckms Acquisition to add ~INR 40-45 […]

Sterlite Power elevates Manish Agarwal as CEO of Infrastructure & Solutions Business

Sterlite Power elevates Manish Agarwal as CEO of Infrastructure & Solutions Business New Delhi, 25 February 2021: Sterlite Power, a leading global developer of power transmission, today announced the elevation of Manish Agarwal as CEO of the Infrastructure business, in addition to his existing role as CEO for the Solutions Business. Manish has been associated with the […]

Sterlite Power appoints Amitabh Prasad as Brazil CEO effective 1st February 2021

Sterlite Power appoints Amitabh Prasad as Brazil CEO effective 1st February 2021 Ricardo Cleber Zangirolami moves on to become member of the company’s Brazil Advisory Board Sao Paulo, Brazil, 14 January 2021: Sterlite Power, a leading global developer of power transmission, today announced the appointment of Amitabh Prasad as CEO, Sterlite Power Brazil. After two years of […]

Sterlite Power completes merger of subsidiary and announces consolidated PAT of INR 942 Cr for FY 2020

Sterlite Power completes merger of subsidiary and announces consolidated PAT of INR 942 Cr for FY 2020 Reiterates robust operating performance with profitable growth and increasing focus on transportation of renewable energy New Delhi, 13 January 2021: Sterlite Power, a leading global power transmission player, has announced the completion of merger of its wholly owned subsidiary Sterlite […]

Sterlite Power successfully raises INR 200 Cr from Allianz Global Investors

Sterlite Power successfully raises INR 200 Cr from Allianz Global Investors New Delhi, 11 January 2021: Sterlite Power, a leading global power transmission player, announced today that it has raised INR 200 crore in debt financing from Allianz Global Investors (Allianz GI) – one of the world’s leading investment managers with focus on sustainable investments. […]