In Short : Sterlite Power has launched two new corporate brands, Resonia and Sterlite, following a strategic demerger. Resonia will focus on power transmission infrastructure, while Sterlite Power Transmission Ltd will specialize in manufacturing cables and conductors. This move aims to enhance agility, drive innovation, and strengthen the company’s leadership in India’s evolving energy sector […]
Sterlite Power commissions Nangalbibra-Bongaigaon transmission line – EQ
In Short : Sterlite Power has commissioned the Nangalbibra-Bongaigaon transmission line, enhancing power flow between Assam and Meghalaya. The project includes 300 circuit kilometers of transmission lines and a greenfield substation, improving energy reliability in Northeast India. It will help alleviate congestion and support growing energy demands, contributing to the region’s energy security and sustainable […]
Sterlite Power Acquires Khavda IV C Power Transmission – EQ
In Short : Sterlite Power has acquired the Khavda IV C power transmission project. This strategic acquisition strengthens Sterlite Power’s portfolio in the renewable energy sector, as the project is crucial for transmitting electricity from renewable energy sources. Located in Gujarat, the Khavda IV C project will play a key role in supporting India’s renewable […]
Sterlite Power secures Rs 1,373 cr funding from PFC – EQ
In Short : Sterlite Power has obtained Rs 1,373 crore in funding from Power Finance Corporation (PFC). This financial support will enhance Sterlite Power’s infrastructure projects, contributing to the development of efficient and reliable power transmission networks. In Detail : Sterlite Power acquired the Neemrana II Kotputli Transmission SPV in November 2023 to execute the […]
Sterlite Power bags projects worth Rs 2,500 crore in Q4 – EQ
In Short : “Sterlite Power secures projects valued at Rs 2,500 crore in Q4, showcasing significant growth and contributing to the expansion of India’s power infrastructure.” In Detail : In Q4, some of the projects secured by the company are for conductor supply to green energy power transmission projects in Rajasthan including the Fatehgarh-Bhadla Transmission […]
Sterlite Power Successfully Concludes Refinancing of LVTPL Green Energy Corridor Project in Gujarat -EQ
Sterlite Power, a leading power transmission developer and global products and services provider, announced the successful refinancing of the Lakadia-Vadodara Transmission project loan within 12 months of the project becoming fully operational in January 2023. The new financing from HDFC Bank, IIFCL and Bank of Baroda will enable prepayment of the existing project loan of […]
Sterlite Power Announces Financial Closure of Beawar Transmission Limited Project Worth INR 2400 Cr from REC Limited – EQ
In Short : Sterlite Power has successfully achieved financial closure for the Beawar Transmission Limited project, valued at INR 2,400 crores. The funding for this project was secured from REC Limited. The Beawar project is a part of the Green Energy Corridor program and involves setting up a transmission system to evacuate renewable energy from […]
Sterlite Power is Great Place To Work-Certified™ Three Years in a Row – EQ
Mumbai : Sterlite Power, a global power transmission infrastructure developer and solutions provider, has received the prestigious Great Place to Work® Certification by the Great Place to Work® Institute, three years in a row. One of the most coveted ‘Employer-of-Choice’ recognitions in the industry, it reinforces the organisation’s standing as one of the leading energy […]
Sterlite Power wins 8 GW Green Energy Transmission Project in Rajasthan – EQ
Secures LOI for Rajasthan REZ Ph-IV (Part-1) (Bikaner Complex): Part-B Transmission Project New Delhi : Sterlite Power, a leading private sector power transmission developer, has secured the order for Rajasthan REZ Ph-IV (Part-1-Bikaner Complex): Part-B Transmission project. With this order win, Sterlite Power has secured its third Green Energy Corridor (GEC) project in the state […]
Sterlite Power secures new orders worth Rs 1,300 crore in first quarter 2023-24 – EQ
In Short : Sterlite Power has secured new orders worth Rs 1,300 crore in the first quarter of the fiscal year 2023-24. This achievement underscores the company’s strong position in the power infrastructure sector and its ability to secure significant projects. These new orders will contribute to the expansion and strengthening of India’s power grid, […]