Sterlite Power News

Industry

Sterlite Power sells IndiGrid stake for ₹840 crore; L&T among buyers

Sterlite Power is the sponsor of IndiGrid, India’s first power sector InvIT, which went public in 2017Private equity investor KKR and Singapore's state investor GIC are major shareholders in IndiGrid

1 min read14 Aug 2020
Industry

Sterlite Power acquires SPV from PFC Consulting

Sterlite Power will execute large inter-state transmission system projects -- Western Region Strengthening Scheme-XIX and North Eastern Region Strengthening Scheme-IX

1 min read26 Jun 2020
Companies

Sterlite Power to sell Brazilian transmission project for $35.5 million

The Arcoverde project was built to increase the flow of renewable energy to the state of Pernambuco in BrazilSterlite Power won the project n April 2017 and commissioned in May, 28 months ahead of the deadline set by ANEEL

1 min read6 Nov 2019
Industry

Sterlite Power sees $35 billion energy storage opportunity

Sterlite Power CEO Pratik Agarwal says he expects central, state govts to issue battery tenders totaling several gigawatts of capacity by no later than the end of next yearIndia is forecast to have 34 gigawatts of battery storage capacity by 2030

1 min read7 Aug 2019
Industry

Sterlite Power in talks to sell stake valued at ₹3,000 crore

In May, Sterlite roped in global private equity firm KKR as a co-sponsor in IndiGrid, raising around ₹2,560 croreThe company is part of Sterlite Group, which has interests in power transmission assets, equipment and engineering procurement construction

3 min read4 Aug 2019
Industry

Greenko,  Sterlite  among  5  bidders for Andhra energy storage project

In Feb, APTransco had invited expressions of interest from firms for long-term supply of a power storage solution that could be connected to the state electricity gridThe requirement was to build an 'energy shifting solution' of 400MW and 8 hours of discharge per day that would be operational from Oct 2021

1 min read28 May 2019
Companies

Sterlite Power bags $47million order from South Korea’s GS Group

Sterlite Power is a global developer of power transmission infrastructure with projects of over 10,000 circuit kms and 15,000 MVA in India and Brazil

1 min read17 May 2018
Industry

Sterlite Power eyes India’s first offshore wind farm project

Sterlite Power is looking to partner with foreign firms to jointly bid for the India's first offshore wind power project of 1GW

2 min read27 Apr 2018
Industry

Sterlite Power aims to grow India Grid’s AUM to Rs30,000 crore by FY22

Group CEO Pratik Agarwal says Sterlite Power expects to invest $4 billion in new projects by FY22

1 min read25 Apr 2018
Industry

Sterlite Power acquires Rs1,500 crore Goa-Tamnar project

With 15 power transmission projects including three in Brazil, Sterlite is poised to increase its current market share of 30% of the PPP market

1 min read20 Mar 2018
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