The indicative value of the acquisition is Rs 4,625 crore and would boost IndiGrid’s asset under management (AUM) by 34 per cent to over Rs 20,000 crore (USD 2.8 billion). New Delhi: Investment trust IndiGrid on Friday inked an agreement to acquire 100 per cent equity stake in NER II Transmission from Sterlite Power for […]
Sterlite Power successfully raises Rs 200 cr from Allianz Global Investors
Mumbai: Sterlite Power, a leading global power transmission player, on Monday said that it has raised Rs 200 crore in debt financing from Allianz Global Investors (Allianz GI) – one of the world’s leading investment managers with focus on sustainable investments. This transaction is one of the first infrastructure sector financing deals for Allianz GI […]
AMP Capital, Sterlite Power join hands for energy transmission projects
Companies will each invest $150 million to develop four transmission projects Global investment manager AMP Capital has partnered with Sterlite Power Transmission Limited for the development of energy transmission projects in India. AMP Capital and Sterlite Power will each invest $150 million initially to develop four transmission projects, and have put in place debt financing, […]
Sterlite Power sells 14.7% stake in IndiGrid, HNIs for Rs 840 crore
Sterlite Power is the sponsor of IndiGrid, India’s first power sector InvIT, which saw its initial offer in 2017 Sterlite Power today announced the successful sale of its 14.7 per cent stake in India Grid Trust (IndiGrid) to institutional and high net worth investors for Rs 840 crore at a unit price of Rs 98. […]
Power industry gives thumbs up to proposed Electricity Act Amendments
According to Khurana, in order to avoid any jurisdictional issues between CERC and the new Electricity Contract Enforcement Authority, bifurcation of their functions should be spelt out clearly New Delhi: The Power ministry’s proposed amendments to the Electricity Act of 2003 have received a thumbs up from the industry with players welcoming the proposed push […]
Sterlite Power commissions Gurgaon-Palwal transmission project in Haryana
Envisaged as part of the inter-state transmission system project, the Rs 1,027 crore GPTL will meet the peak energy requirements of Haryana, which is expected to reach more than 12,000 MW in FY 2020-21 from 9,000 MW in FY 2014-15 Mumbai: Transmission solutions provider Sterlite Power on Monday said it has commissioned Rs 1,027 crore […]
Sterlite Power secures Rs 2K cr funding to execute Lakadia Vadodara project
Sterlite Power on Wednesday said it has secured Rs 2,024 crore funding from IndusInd Bank and L&T Infrastructure Finance to execute Lakadia Vadodara transmission project. Sterlite Power on Wednesday said it has secured Rs 2,024 crore funding from IndusInd BankNSE -1.35 % and L&T Infrastructure Finance to execute Lakadia Vadodara transmission project. Sterlite Power has […]
IndiGrid completes acquisition of ENICL from Sterlite Power
With the acquisition of East North Interconnection (ENICL) from Sterlite Power, IndiGrid’s assets under management (AUM) will increase by 10 per cent to USD 1.6 billion, the company said in a statement. The acquisition has been funded by internal accruals, proceeds from the preference issue done in May last year and new debt, the company […]
In the matter of: Respect to grant of Transmission Licence to Lakadia Vadodara Transmission Project Ltd
In the matter of: Application under Sections 14, 15 and 79(1)(e) of the Electricity Act, 2003 read with Central Electricity Regulatory Commission (Procedure, Terms and Conditions for Grant of Transmission Licence and other related matters) Regulations, 2009 with respect to grant of Transmission Licence to Lakadia Vadodara Transmission Project Limited. For more information please see […]
Sterlite Power inks pact to sell Arcoverde transmission project
The company has signed a sale agreement with Vinci Energia FIP – IE (V2i Transmissao de Energia S.A.) of Arcoverde Transmissao de Energia SA New Delhi : Sterlite Power on Wednesday said that it has signed the sale agreement for its first power transmission asset operating in Brazil – the Arcoverde project. The project is […]