sterlite power
PGCIL, three others, in the fray for NERGS-I
- May 24, 2024
Power Grid Corporation of India Ltd (PGCIL) along with three other bidders have qualified for opening of price bids for an ISTS-TBCB scheme housed under “NERGS-I Power Transmission Ltd.” The three contenders alongside PGCIL are Sterlite Power, Techno Electric Read more
Sterlite Power gets stakeholder nod for demerger of transmission business
- May 23, 2024
Sterlite Power Transmission Ltd (STPL) has received approval from its equity shareholders, secured creditors, unsecured creditors, and non-fund-based lenders for the demerger of its transmission business. In a release, STPL said that the vote on the demerger proposal received Read more
Five ISTS-TBCB projects scheduled to complete in Q1FY25
- May 13, 2024
By end of the first quarter of FY25, five interstate transmission schemes (ISTS) schemes awarded under the tariff-based competitive bidding (TBCB) mechanism are scheduled to complete, thereby capitalizing assets worth over Rs.5,000 crore. According to a special study done Read more
Sterlite Power appoints Reshu Madan as CEO, Global Products & Services Business
- May 6, 2024
Sterlite Powerhas announced the appointment of Reshu Madan as Chief Executive Officer, Global Products & Services (GPS) business. He succeeds Manish Agarwal who has decided to pursue an opportunity outside the company. Effective May 1, 2024, Reshu will report Read more
Sterlite Power’s FY24 order inflow touches Rs.7,000 crore
- Apr 30, 2024
Sterlite Power won new orders worth Rs.2,500 crore in Q4 of FY24, taking the cumulative annual inflow to Rs.7,000 crore. In a release, Sterlite Power said that it won new orders worth Rs.2,500 crore with respect to its Global Read more
Sterlite Power and GIC announce JV to create power transmission platform
- Mar 27, 2024
Sterlite Power and an affiliate of GIC have announced the signing of definitive agreements to set-up a new platform to develop and operate power transmission projects in India. Sterlite Power will own the majority stake of 51 per cent Read more
Sterlite Power gets transmission licence for two ISTS-TBCB projects
- Mar 11, 2024
Central Electricity Regulatory Commission (CERC), in recent orders, has granted transmission licence to Sterlite Power for two interstate transmission system (ISTS) schemes that it is developing under the tariff-based competitive bidding (TBCB) Read more
Sterlite Power attains financial closure for Beawar Transmission
- Feb 12, 2024
Sterlite Power has successfully achieved financial closure for its Beawar Transmission Ltd (BTL) project. In a release, Sterlite Power said that the project has secured funds totaling around Rs.2,400 crore from REC Power Development & Consultancy Ltd – a Read more
Sterlite Power secures new orders worth Rs.1,400 crore in Q3FY24
- Jan 30, 2024
Sterlite Power has reported the winning of new orders worth around Rs.1,400 crore for its Global Products and Services (GPS) business in Q3FY24 (October to December 2023). This brings the cumulative order win for the first nine months of Read more
Sterlite Power wins orders worth Rs.2,000 crore in Q2FY24
- Jan 3, 2024
Sterlite Power has witnessed a substantial surge in orders for its Global Products and Services (GPS) business during Q2 of FY24, a company release said. The orders, totaling around Rs.2,000 crore, signify a remarkable increase of Rs.700 crore as Read more