sterlite power
Sterlite Power and Vinci Partners in alliance for Vineyards Project in Brazil
- Apr 15, 2021
Sterlite Power and Vinci Energia (VIGT11), through Vinci Infraestrutura Gestora de Recursos LTDA, announced the formalization of the commitment of first acquisition of issuance of debentures convertible into shares for the Vineyards Project in Brazil. Convertible debentures The transaction foresees Read more
IndiGrid completes acquisition of NER-II Transmission from Sterlite Power
- Mar 26, 2021
India Grid Trust (IndiGrid) has completed its largest transmission project deal by acquiring NER-II Transmission Ltd (“NER-II”) from Sterlite Power at an enterprise value of around Rs.4,625 crore. IndiGrid AUM reaches Rs.20,000 crore With this acquisition, IndiGrid’s assets under management Read more
IndiGrid signs share price agreement to acquire NER-II Transmission
- Mar 6, 2021
India Grid Trust (IndiGrid), on March 5, 2021, signed a share purchase agreement to acquire NER-II Transmission Ltd (NER-II), from Sterlite Power as part of the Framework Agreement. The indicative value of the acquisition is Rs.4,625 crore and the Read more
IndiGrid set to acquire “NER II Transmission Ltd” from Sterlite Power
- Mar 2, 2021
The board of India Grid Trust (IndiGrid) has approved the acquisition of “NER II Transmission Ltd”, a wholly-owned subsidiary of Sterlite Power. In a stock exchange filing, IndiGrid, India’s first InvIT in the power sector, said that the acquisition, Read more
TBCB Report Card for CY2020: Zero additions, four completions
- Feb 25, 2021
Not a single power transmission project, under the tariff-based competitive bidding (TBCB) route, was awarded during calendar year 2020, according to latest statistics released by Central Electricity Authority (CEA). What was widely speculated and discussed was confirmed by newly-released Read more
Sterlite Power elevates Manish Agarwal as CEO of Infrastructure & Solutions Business
- Feb 25, 2021
Sterlite Power has announced the elevation of Manish Agarwal as CEO of the Infrastructure business, in addition to his existing role as CEO for the Solutions Business. Manish has been associated with Read more
Sterlite Power appoints Amitabh Prasad as Brazil CEO
- Jan 15, 2021
Sterlite Power announced the appointment of Amitabh Prasad as CEO, Sterlite Power Brazil. Amitabh is a seasoned industry professional with over 25 years of experience in leadership positions across power and infrastructure Read more
Sterlite Power raises Rs.200 crore from Allianz Global Investors
- Jan 11, 2021
Sterlite Power has raised Rs.200 crore in debt financing from Allianz Global Investors, the global power transmission player said in a release. This transaction is one of the first infrastructure sector financing deals for Allianz GI -- one of Read more
Sterlite Power, AMP Capital team up for energy transmission platform
- Dec 30, 2020
Global investment manager AMP Capital has established a 50:50 partnership with Sterlite Power Transmission Ltd for the development of energy transmission projects in India. This marks the first investment in India for AMP Capital’s global infrastructure equity strategy, an Read more
Sterlite Power wins innovation award for in-house robotics solution
- Nov 25, 2020
Sterlite Power has been awarded the prestigious ET Innovation Awards 2020 for Skyrob™, a pioneering semi-autonomous robotics solution which has been developed in-house. Sterlite Power was the winner in the Process Innovation category where it competed with Tata Power, Read more