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Showing posts from August, 2022

Sterlite Power acquires the Green Energy Transmission Corridor Project

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 Sterlite Power obtains the Green Energy Transmission Corridor Project Finishes securing of Lakadia - Vadodara Transmission Project from PFC Consulting Limited New Delhi, third December 2019: Sterlite Power, a main worldwide player in power transmission reports the obtaining of its between state GEC transmission project, Lakadia Vadodara Transmission Project Limited (LVTPL), from PFC Consulting Limited. The organization had won this task (WRSS 21 - Part B) through duty based cutthroat offering process and would execute it under the Build, Own, Operate and Maintain (BOOM) model for a considerable length of time in the territory of Gujarat. The venture is adjusted to empower the country's environmentally friendly power focus of introducing 175 GW RE by 2022 and associates the breeze energy zones of Bhuj in Gujarat to the heap places in the States of Gujarat and Maharashtra. The venture includes laying 350 kms of 765 kV twofold circuit transmission line associating 765/400 kV Lakadi...

Sterlite Power successfully concludes refinancing of Khargone Transmission Project for INR 1200 crores| Sterlite Power Transmission Limited

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  Sterlite Power, a leading power transmission developer and solutions provider, announced the successful refinancing of its project loan for the recently commissioned Khargone Transmission Project. New Delhi, 21 March 2022:   Sterlite Power , a leading power transmission developer and solutions provider, announced the successful refinancing of its project loan for the recently commissioned Khargone Transmission Project. The new financing from Aseem Infrastructure Finance Limited (INR 525 cr), NIIF Infrastructure Finance Limited (INR 450 cr) and Aditya Birla Finance Limited (INR 225 cr), will enable prepayment of the existing project loan of approximately INR 1100 crores.

Power Transmission Sector Investors | Sterlite Power Transmission Limited

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Sterlite Power is a cutting-edge transmission infrastructure enterprise that is propelling the industry and the world forward. As a creative and transformational force.  Sterlite Power is a pioneering transmission infrastructure company that is driving growth across the industry and around the world. As an innovative, and transformative organization in the transmission infrastructure space, Sterlite Power is ideally positioned to shape the power transmission industry. Please view our latest investor documents or explore essential information for investors and analysts below. Visit:  https://www.sterlitepower.com/investors?utm_source=twp-traffic&utm_medium=blogger&utm_campaign=SEO-traffic

Sterlite Power Wins Second Power Transmission Project in Jammu & Kashmir | Sterlite Power Transmission Limited

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Sterlite Power Wins Second Power Transmission Project in Jammu & Kashmir. Sterlite Power, a leading power transmission developer and solutions provider Visit for more Information! New Delhi, 30thMarch 2022: Sterlite Power, a main energy transmission developer and options provider, acquired the Letter of Intent (LoI) from Power Finance Corporation Consulting Limited to build, own, function and hold an acritical transmission venture in Jammu & amp; Kashmir (J&K) for a length of 35years. The mission has been awarded to Sterlite Power via Tariff Based Competitive Bidding Process (TBCB). The mission is primarily based in Jammu & Kashmir and comprisea 400/132kV GIS substation at Kishtwar and four hundred KV LILO (Line in Line out) of about 10 route Kilometers of Kishenpur-Dulhastitrans mission line at Kishtwar substation. 

VINEYARDS - Sterlite Power: Electric Power Transmission Company & Solutions Provider

Help to the districts of Bento Gonçalves, Carlos Barbosa, Farroupilha, Garibaldi and Lajeado, as well as expanding the dependability of the framework. Join forces With Us PROJECT STORY The Vineyard Project has 114,4 km of transmission line to be constructed, the execution of 2 new substations and the extension of a substations in the district to be conveyed in the territory of Rio Grande do Sul. Force of 496 MVA. Project Detail Length: 115 km Power: 230 kv  VISIT: Sterlitepower.com

Pratik Agarwal, Managing Director, Sterlite Power recognized as ‘CEO of the Year’ at ET Energy Awards 2022

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 WRSS-XIX and NERSS-IX will serve the developing power needs of Mumbai area, and further develop inexhaustible power accessibility across the western and north eastern India New Delhi, 26 June 2020: Sterlite Power , a main worldwide power transmission player, reported the procurement of Vapi II North Lakhimpur Transmission Limited (VNLTL), a Special Purpose Vehicle (SPV) from PFC Consulting Limited. Through this SPV, the organization will execute an enormous between state transmission framework (ISTS) project - Western Region Strengthening Scheme-XIX (WRSS-XIX) and North Eastern Region Strengthening Scheme-IX (NERSS-IX), which it won through a duty based serious offering (TBCB) process, under the Build, Own, Operate and Maintain (BOOM) model for quite a long time. The Western Region Strengthening Scheme - XIX (WRSS-XIX) includes setting up of 318 ckm of lines and 1000 MVA change limit across three particular parts: Section An includes setting up 35 ckm lines in Gujarat to assist wi...

Interview with Manish Agarwal - “Sterlite Power has set new industry benchmarks” - Sterlite Power: Electric Power Transmission Company & Solutions Provider

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  Interview with Manish Agarwal - “Sterlite Power has set new industry benchmarks” - Sterlite Power: Electric Power Transmission Company & Solutions Provider Sterlite Power has seen vigorous functional and monetary execution throughout the course of recent years regardless of the Covid-19 pandemic. The organization's drawn out viewpoint is about perfect and manageable energy, keeping the transmission matrix ready notwithstanding extraordinary environmental change and furthermore making digital tough foundation. Passages from a new meeting with Manish Agarwal, CEO, framework and arrangements business, Sterlite Power: What have been the functional and monetary features of Sterlite Power in the beyond one to two years? The pandemic has obscured the beyond two years for the greater part of the organizations, yet for Sterlite Power, these two years have been brimming with up-sides. Notwithstanding feeble market con­­ditions, the organization had the option to effectively foster bas...

Sterlite Power and Sharper Shape to use drones for power-line monitoring in India

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 Palo Alto-based Sharper Shape, the worldwide market head of robotized drone-based resource examinations, and Sterlite Power , India's driving power transmission organization, today declared an essential organization to give drone review administrations to utility resources in India. As a component of the collaboration, Sterlite Power will make a minority interest into Sharper Shape to cultivate Indian market development and proceeded with innovation improvement. This further concretes the connection between the two organizations after the two consented to an organization arrangement in February within the sight of the Prime Minister of Finland Juha Sipilä in Mumbai during the Make in India week to convey state of the art drone advances for the power transmission industry. Sterlite Power and Sharper Shape are at present anticipating endorsements from India's Directorate General of Civil Aviation (DGCA) for enormous scope, significant distance drone trips to investigate utility ...

Sterlite Power secures INR 2070 crores funding from PFC for VNLTL project | Sterlite Power Transmission Limited

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  Sterlite Power secures INR 2070 crores funding from PFC for VNLTL project | Sterlite Power Transmission Limited For the VNLTL project, Sterlite Power receives INR 2070 crores in investment from PFC. On October 20, 2020, in New Delhi: With the full INR 2070 crores of debt funding from one of India's largest lenders in the power sector, Power Finance Corporation Limited, Sterlite Power, a major participant in the world of power transmission, has completed the project's financial close (PFC Ltd.). Four months after the SPV acquires the project, the financial closure is completed. In order to carry out one of the largest interstate transmission system projects, covering the Western Region Strengthening Scheme-XIX (WRSS-XIX) and North Eastern Region Strengthening Scheme-IX, Sterlite Power bought VNLTL SPV in June 2020. (NERSS-IX).

Pratik Agarwal, Managing Director, Sterlite Power recognized as ‘CEO of the Year’ at ET Energy Awards 2022

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 Sterlite Power Signs Technology Agreement with U.S.Based Smart Wires to Bring SmartValveTMto Indian Utilities Sterlite Power to offer Indian utilities measured power stream control arrangements that make transmission network effective and adaptable Elite plan between Sterlite Power and Smart Wires to advertise the innovation in India New Delhi, 22ndJanuary,2020:Sterlite Power, a main worldwide designer in power transmission , has inked a select concurrence with U.S. based Smart Wires to present a progressive innovation for the Indian power area that will empower creative lattice the executives. This state of the art innovation is a wise 'valve,' that will permit utilities to optimally use its current bandwidth and upgrade lattice adaptability. Talking on the innovation understanding, Pratik Agarwal, Managing Director, Sterlite Power said, An ecologically reasonable power system is the anchor for a cutting edge society. We are developing at an amazing speed and need to search f...

Sterlite Power wins prestigious transmission project in Brazil

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  Sterlite Power wins lofty transmission project in Brazil The organization's interest in Brazilian transmission area crosses USD 2bn Project incorporates 6 substations; 1.544 MVA Mumbai, 24 December 2018: In the as of late closed sell off for transmission projects in Brazil, Sterlite Power arose as the victor for Lot 13. The undertaking will require a venture of USD 0.6 billion over the time of next 3-5 years in the territory of Rio Grande do Sul, south area of the country. This expansion expands the arrangement of Sterlite Power to 10 ventures. Discussing Brazil and the organization's interest in the area, the Group CEO of Sterlite Power, Pratik Agarwal said, "We feel pleased and respected to be important for the Brazilian development story. Our inspiration to deal with the hardest transmission projects that enable humankind has been the foundation of our excursion in Brazil. We feel focused on the district and anticipate conveying the new venture early". Rui Chamm...

Sterlite Power wins the largest project in Brazil Transmission Auction

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Sterlite Power wins the largest project in Brazil Transmission   Key Highlights Wins third transmission project in Brazil; taking total investment to US $ 1 Billion Largest investment by an Indian company in Latin America Potential to create more than 5500 direct jobs Mumbai, December 18: Sterlite Power participated in the transmission auction held by the Brazilian Government last Friday and won the largest lot of the auction of ~ US $ 800 million. The 1800 km transmission project represented one-third of the total auction value, which had global majors such as State Grid of China, Engie, and Elecnor in the fray. The bid of Sterlite had a discount of 35.72% over the proposed maximum annual revenue and was one of the lowest discounts of the auction, which had an average discount of 40.46%. Sterlite had won two projects in the earlier auction in April 2017.

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

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  Sterlite Power finishes consolidation of auxiliary and declares solidified PAT of INR 942 Cr for FY 2020 Repeats hearty working execution with beneficial development and expanding center around transportation of environmentally friendly power New Delhi, 13 January 2021: Sterlite Power, a main worldwide power transmission player, has reported the finish of consolidation of its entirely claimed auxiliary Sterlite Power Grid Ventures Ltd. with the parent element. With this consolidation, the organization further reinforces its situation in the commercial center by coordinating tasks and smoothing out the corporate design. Post the consolidation, Sterlite Power has reported the examined yearly outcomes for Financial Year 2020 recording extraordinary development in income and benefit. Key Financial Highlights Merged Revenue up by 44% y-o-y at INR 5,158 Cr Merged EBITDA up by 434% y-o-y at INR 2,406 Cr Merged Profit After Tax up by 280% y-o-y at INR 942 Cr ROCE of 28% Sterlite Power ...

Sterlite Power wins orders worth INR 1600 crores | Sterlite Power: Electric Power Transmission Company

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  Secures multiple new orders in the Solutions business during the period Jan – April 2022 New Delhi, 30th May 2022: Sterlite Power, a leading power transmission developer and solutions provider, has secured multiple orders worth ~INR 1600 crores across its Solutions business in the domestic and international markets.   The company has secured orders from customers like Power Grid Corporation of India (PGCIL), Damodar Valley Corporation (DVC), and West Bengal State Electricity Transmission Company Limited (WBSETCL) in the MSI (Master System Integrator) segment. The orders are for the installation and supply of high-performance conductors and reconductoring solutions for transmission projects. In the Products segment, Sterlite Power has acquired strategic maiden orders of EHV cables for state transmission utilities in Bihar, Madhya Pradesh, Maharashtra, and Karnataka and orders for overhead lines from large and reputed international customers in North America and CIS regions.

Sterlite Power successfully concludes refinancing of Khargone Transmission Project for INR 1200 crores| Sterlite Power Transmission Limited

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  Sterlite Power, a leading power transmission developer and solutions provider, announced the successful refinancing of its project loan for the recently commissioned Khargone Transmission Project. New Delhi, 21 March 2022:  Sterlite Power, a leading power transmission developer and solutions provider, announced the successful refinancing of its project loan for the recently commissioned Khargone Transmission Project. The new financing from Aseem Infrastructure Finance Limited (INR 525 cr), NIIF Infrastructure Finance Limited (INR 450 cr) and Aditya Birla Finance Limited (INR 225 cr), will enable prepayment of the existing project loan of approximately INR 1100 crores. Visit:  https://www.sterlitepower.com/press-release/sterlite-power-successfully-concludes-refinancing-of-khargone-transmission-project-for-inr-1200-crores?utm_source=TWP&utm_medium=blogger&utm_campaign=thm-backlinks&utm_term=twp-traffic