IndiGrid completes acquisition of GPTL Transmission project from Sterlite Power at an enterprise value of ~INR 10.8 Bn (USD 150 Mn)

IndiGrid completes acquisition of GPTL Transmission project from Sterlite Power at an enterprise value of ~INR 10.8 Bn (USD 150 Mn) Key Highlights IndiGrid’s AUM increases by ~9% to ~INR 133 Bn (USD 1.80 Bn) GPTL consists of 3 GIS of 3,000 MVA capacity and ~270 ckms of 400 KV transmission lines Acquisition adds ~INR […]

Sterlite Power sells 14.7% stake in IndiGrid at INR 840 crores

Sterlite Power sells 14.7% stake in IndiGrid at INR 840 crores – Proud to have played a role in creating India’s first Power Sector InvIT (IndiGrid)– With the stake sale, Sterlite Power will focus on its core business as asset developer– Remains committed to executing on the Framework Agreement of INR 6500 Cr with IndiGrid– […]

Anoop Seth joins Sterlite Power’s Board of Directors

Anoop Seth Joins Sterlite Power’s Board Of Directors New Delhi, 05 August 2020: Sterlite Power, a leading global power transmission player, announced the appointment of Mr. Anoop Seth as an independent director of the company. Mr. Seth is a distinguished leader in the infrastructure and finance sectors. He has held leadership positions in companies such […]

Sterlite Power Completes Gurugram Smart City Optical Fiber Intracity Project

Sterlite Power Completes Gurugram Smart City Optical Fiber Intracity Project Sterlite Power’s Convergence Business Unit has delivered 100% Optical Fiber Network in Gurugram sub city 2 to GMDA to make the city smart and safe The fiber network has provided connectivity to government buildings, business clusters, and used for critical applications like security, surveillance, and […]

Sterlite Power Wins Two Prestigious Awards At The Asset Triple A Asia Infrastructure Awards 2020

Sterlite Power Wins Two Prestigious Awards At The Asset Triple A Asia Infrastructure Awards 2020 Won the Utility M&A Deal of the Year and Utility Deal of the Year awards in the Best Deals (South Asia) category New Delhi, 09 July 2020: Sterlite Power, a leading global power transmission player, has been awarded the ‘Útility M&A Deal of the Year’ […]

Swaminathan Subramanian Joins Sterlite Power as Group Chief Human Resource Officer

Swaminathan Subramanian Joins Sterlite Power as Group Chief Human Resource Officer New Delhi, 7th July, 2020: Sterlite Power, a leading global power transmission player, today announced the appointment of Mr. Swaminathan Subramanian as the Group Chief Human Resource Officer (CHRO) of the company. In his role, Swaminathan will be responsible for leading the HR function across India […]

Sterlite Power Successfully Concludes Refinancing of Gurgaon Palwal Transmission Project with HDFC Bank

Sterlite Power Successfully Concludes Refinancing of Gurgaon Palwal Transmission Project with HDFC Bank New Delhi, 6 July 2020: Sterlite Power, a leading global power transmission player, announced the successful refinancing of the loan for Gurgaon Palwal Transmission Limited [GPTL] project, within 3months of the project becoming fully operational in April 2020. The new financing to prepay […]

Sterlite Power Acquires WRSS-XIX & NERSS-IX Strengthening Scheme from PFC

Sterlite Power Acquires WRSS-XIX & NERSS-IX Strengthening Scheme from PFC WRSS-XIX and NERSS-IX will serve the growing power needs of Mumbai region, and improve renewable power availability across the western and north eastern India New Delhi, 26 June 2020: Sterlite Power, a leading global power transmission player, announced the acquisition of Vapi II North Lakhimpur Transmission […]

Sterlite Power Commissions 765KV Khandwa Substation in Madhya Pradesh

Sterlite Power Commissions 765KV Khandwa Substation in Madhya Pradesh New Delhi, 23, April 2020: Sterlite Power, a leading global power transmission player, commissions the 765kV Khandwa substation in Madhya Pradesh, which is part of the Khargone Transmission Limited (KTL) project. This will play an important role in stepping down the high voltage 1320 MW power from […]

Sterlite Power Commissions Gurgaon Palwal Transmission Project Worth INR 1027 Cr

Sterlite Power Commissions Gurgaon Palwal Transmission Project Worth INR 1027 Cr Connects ~2000 MW additional power to Gurugram to help make it DG set free Builds India’s first vertical GIS substation in the power transmission industry New Delhi, 14 April 2020: Sterlite Power, a leading global power transmission player, today announced the commissioning of Gurgaon Palwal […]