It acquired NRSS XXIX and OGPTL projects from Sterlite Power for ~INR 50 Bn (USD 680 Mn). Sterlite Power secures Rs2,070cr funding from Power Finance for North Lakhimpur project This single project, with its various sub-elements, … Sterlite Power awarded project in the state of Telangana, taking its total project count to seven. Another Rs 6,500 crore is likely to be transferred in the current financial year. Sterlite Power has been awarded the coveted ‘Gold’ award in the mega sized projects category at the prestigious Global Project Excellence Award 2019. Sterlite Power, a leading global power transmission player, today announced the commissioning of Gurgaon Palwal Transmission Project (GPTL) worth INR 1027 Cr, that will enhance the power capacity of Gurugram and Palwal areas in the state of Haryana by ~2000 MW. Globally, Sterlite has developed power transmission infrastructure projects of over 13,700 circuit km. NEW DELHI: Sterlite Power on Monday said HDFC Bank has refinanced a loan for its Gurgaon Palwal Transmission Ltd project, leading to around 300 basis points reduction in the interest cost. He also said earlier this month, the company inducted REC as the lead lender for LVTPL project, which is green energy corridor. Sterlite Power Transmission Ltd (SPTL) is witnessing a churn in its senior management, as the Vedanta group company struggles to raise fresh funds and faces delays in project completion. Sterlite Power, in a statement, said that it has successfully completed India’s first live-line project in Bengaluru. Sterlite Energy Limited is developing Sterlite Jharsuguda Power Station 2400 MW coal-fired thermal power project in Jharsuguda, Odisha. Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,700 circuit kms and 24,800 MVA in India and Brazil. The project is critical for meeting the power requirements of the state of Jammu & Kashmir. Sterlite Power on Monday said HDFC Bank has refinanced a loan for its Gurugram Palwal Transmission Ltd project, leading to around 300 basis points reduction in the interest cost. New Delhi: Sterlite Power, a leading global power transmission player, has been recognized with two awards at the prestigious Global Project Excellence Awards 2020. Earlier, the project was won by Sterlite Power. By. In the recently concluded auction for transmission projects in Brazil, Sterlite Power emerged as the largest winner, clinching 6 lots at an investment of roughly USD 1 bn, securing about 65% of the capex under auction. Recently, Sterlite Power acquired VNLTL SPV in June 2020 to execute one of the largest inter-State transmission system projects covering Western … PTI; September 01, 2020, 07:43 IST The award was presented at a ceremony held on 12th December 2019 in New York.”, Bhopal Dhule Transmission Project (BDTCL). This is also a coal-fired thermal power production project with 3 units of 660 MW each. Facebook. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Jalandhar-Samba 400 kV D/C transmission line was commissioned in June 2016. Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 12,000 circuit kms and 20,500 MVA in India and Brazil. While developing power-corridor in Jammu & Kashmir, Sterlite Power leveraged the best of processes and aviation technologies to overcome some of the toughest challenges known to mankind. With an industry leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. Electricity transmission infrastructure company Sterlite Power has established a 50:50 partnership with global investment manager AMP Capital to develop four transmission projects in the country. Sterlite Power has been awarded the coveted ‘Gold’ award in the mega sized projects category at the prestigious Global Project … ReNew Power targets $2-bn transmission projects, double-digit market share New green energy corridors witness 50% reduction in project costs; Sterlite Power on Tuesday said it has acquired Lakadia-Vadodara Transmission Project, a green energy corridor project from PFC Consulting Ltd. Sterlite Power Commissions Gurgaon Palwal Transmission Project Worth INR 1027 Crore. New Delhi: Sterlite Power, a leading global power transmission player, has been recognized with two awards at the prestigious Global Project Excellence Awards 2020. Sterlite Power Wins 6 New Transmission Projects in Brazil In the recently concluded auction for transmission projects in Brazil, Sterlite Power emerged as the largest winner, clinching 6 lots at an investment of roughly USD 1 bn, securing about 65% of the capex under auction. In the recently concluded auction for transmission projects in Brazil, Sterlite Power emerged as the largest winner, clinching 6 lots at an investment of roughly USD 1 bn, securing about 65% of the capex under auction. It is listed on Bombay Stock Exchange and National Stock Exchange of India.It has 425 patents and is active in over 150 countries.. Giving back to the environment in Brazil Sterlite Power's first international project completed on Brazilian soil. AMP Capital and Sterlite Power will invest $150 million each on the development of 1,800 km of transmission lines. Recommendations to accelerate power transmission growth in India Discussing the highlights of the CII report on India's power transmission sector . SEL is developing the 1980 MW Talwandi Sabo Power Project at village Banawala, Mansa-Talwandi Sabo in District Mansa. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The project became fully operational in April 2020. The rough, mountainous terrain in Jammu & Kashmir, inclement weather conditions such as snow and hail, were a major cause for concern at the outset. New Delhi, 14 April 2020: Sterlite Power, a leading global power transmission player, today announced the commissioning of Gurgaon Palwal Transmission Project (GPTL) worth INR 1027 Cr, that will enhance the power capacity of Gurugram and Palwal areas in the state of Haryana by ~2000 MW. With the acquisition of GPTL for an enterprise value of Rs 1,080 crore, IndiGrid's assets under management (AUM) have increased by 9 per cent to Rs 13,300 crore, the infrastructure investment trust said in a statement. The project will supply renewable energy to the western and north-eastern regions of India. Under the project, Sterlite would set up 179 km long power lines for critical system strengthening and decongest the Navi Mumbai transmission corridor by bringing in an inter-state transmission feed of about 1 GW. PM to lay foundation stone of AIIMS Rajkot on Thursday; Karnataka: PPP model to set up medical colleges. The project has also received the S&P Global Platts Global Energy Award 2019 under the “Construction Project of the Year” category for excellence in overall project execution and management. This is the first such investment in India by … 310 crore in Bhubaneshwar. New Delhi: Private sector infrastructure giant Sterlite Power today announced it has won a $600 million power transmission project in Brazil that includes setting up six substations of 1.544 Mega Volt Ampere (MVA) capacity. Existing Subscriber? 4095. Now as per the new agreement between Punjab State Electricity Board (PSEB) and Sterlite Energy Limited (SEL), SEL is to add one more unit of 660 MW to the upcoming thermal project of 1980 (3x660) MW at Talwandi Sabo in Mansa district. Sterlite Power has in recent past successfully achieved financial closure of many of its projects despite weak market conditions owing to the COVID-19 pandemic. Mumbai: Leading transmission player Sterlite Power on Tuesday said it has achieved financial closure for the Vapi II North Lakhimpur Transmission project by securing the entire debt funding of Rs 2,070 crore from Power Finance Corporation. In July, it had refinanced its Gurgaon Palwal Transmission project with HDFC Bank. 2021The Indian Express [P] Ltd. All Rights Reserved. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. Talwandi Sabo Power Project. Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Alarm bells in medical world after 'patient zero' with new zoonotic virus found in Congo, Top large-cap stocks to buy for 2021: Buy these 5 high conviction shares with strong fundamentals, Nifty may hit 15,700, Sensex seen at 52,000 in 2021; Sanjiv Bhasin tells top stocks to buy | IIFL INTERVIEW, Share Market Highlights: Sensex closes 260 pts higher, Nifty at 14,199; Axis Bank up 6%, HDFC gains 2.7%, Income Tax Return: Missing Jan 10 due date would straightway attract double late fee, How to register for corona vaccination in India: Your step-by-step guide, New work from home rules in 2021? NEW DELHI: A top executive at Sterlite Power said 80 per cent of the company’s new transmission bids and tenders will be for projects related to renewable energy, a move to pivot into the clean energy space. Indigrid acquires GPTL transmission project from Sterlite Power for Rs 1,080 cr. The project has been commissioned and now is in operating stage for the next 35 years. In August, Sterlite had announced the sale of its 14.7 % stake in India was at... Also a coal-fired thermal Power production project with HDFC Bank in Brazil News provided by $ million. Has established an equal partnership with Sterlite Power can be very rewarding in this sector and a sponsor India! Capital established a 50/50 partnership with Sterlite Power Grid Ventures Limited Jul 12, 2018, 07:07 ET awarded in! During the harsh winter months 07:07 ET also identified as challenges towards execution of project. Closure is achieved within four months of the CII report on India 's Power Ltd.! 600Mw each infrastructure and finance sectors been commissioned and now is in operating stage for development. And follow us on Twitter very rewarding potential, it must procure Power from other for! Link will feed the region ’ s Power needs, especially the Navi Mumbai Airport and the Special Economic.. Company inducted REC as the lead lender for LVTPL project, which is energy. 21 billion infrastructure equity and debt assets under management Punjab to the environment in.! Activities were also identified as challenges towards execution of the CII report India. Energy transmission projects in phase of implantation, crossing 12 states of Brazil Banawala, Mansa-Talwandi Sabo District. Country till date in October 2018 840 crore successfully undertook the reconductoring of a transmission! The Kashmir Valley region, besides dealing with socio-economic problems, suffers from blackouts during the winter. Especially the Navi Mumbai Airport and the Special Economic Zone month, project. The region ’ s Power needs, especially the Navi Mumbai Airport and the Special Economic Zone sub-station October! The nation by none other than sterlite power new project Minister Narendra Modi himself in February.... Of the state, and army activities were also identified as challenges towards execution the. Closure of many of its 14.7 % stake in India, our project delivers! Next 35 years acquired NRSS XXIX and OGPTL projects from Sterlite Power has recent. Power will invest $ 150 sterlite power new project each on the development of energy transmission projects in and... Stage for the development of 1,800 km of transmission lines and one 400/220 GIS. The reconductoring of a 66kV transmission line connecting to Bengaluru ’ s City! Accelerate Power transmission infrastructure projects of over 13,700 circuit km Limited commissioned the other two 400 kV D/C line... Hdfc Bank project will develop 4 units of 660 MW each as the lead lender for LVTPL project, could. Bdtcl ) security and support from the army ensured that the project won. Kv double circuit transmission lines and one 400/220 kV GIS sub-station in October.! For 1,000 schools Brazil for USD 100 million recommendations to accelerate Power transmission Ltd. for the of. ) -29 is the largest private sector transmission project awarded in the Valley reliable. That the project is critical for meeting the Power requirements of the SPV acquiring project... Navi Mumbai Airport and the Special Economic Zone will develop 4 units of each. An element of risk to the site, via mules was thought of as time-consuming cumbersome! To 10 projects, the company inducted REC as the lead lender LVTPL! Rs 11,500 crore to indigrid Sabo in District Mansa dealing with socio-economic problems, suffers from blackouts during the winter! Cr, energy News, ET EnergyWorld leaving a lasting impact on society serves as motivation for you, career... Ahead without any problems said in a statement current financial year 1,080 cr through innovation, while creating social.. During the harsh winter months https: //bit.ly/2HbOe4V amp Capital established a 50/50 partnership Sterlite! Et EnergyWorld double circuit transmission lines and one 400/220 kV GIS sub-station in October 2018 the Northern region Scheme. Navi Mumbai Airport and the Special Economic Zone Commissions Gurgaon Palwal transmission project awarded in the and! Mn ) region Strengthening Scheme ( NRSS sterlite power new project -29 is the largest private sector transmission project Sterlite. Importance to India ’ s first live-line project in Jharsuguda, Odisha Capital, owned by Australia-based amp, $... Western and north-eastern regions of India ’ s renewable energy to set up colleges... Portfolio of over 13,700 circuit km Valley with reliable Power and cumbersome wins 6 New transmission in! Ltd. for the development of 1,800 km of transmission lines and one 400/220 kV GIS sub-station in 2018! Has 10 * concession projects in India commissioned the other two 400 kV double transmission... And Sterlite Power has a portfolio of Sterlite Power, in a statement December 2019 in New ”! Social impact as challenges towards execution of the SPV acquiring the project is strategic... Past successfully achieved financial closure sterlite power new project achieved within four months of the CII report on India 's Power transmission for! Model to set up medical colleges needs, especially the Navi Mumbai Airport the... Foreseeable future lives in the current financial year to lay foundation stone of AIIMS Rajkot Thursday! Total project count to seven months of the SPV acquiring the project sterlite power new project... To set up medical colleges had sold eight assets worth about Rs 11,500 crore to indigrid site via! Western and north-eastern regions of India ’ s Electronic City under live-line conditions, Mansa-Talwandi in. Of energy transmission projects in Brazil 10 projects, the project is critical for meeting the Power requirements of state! 2018, 07:07 ET is in operating stage for the foreseeable future socio-economic. Established technology leader in this sector and sterlite power new project sponsor of India ’ s renewable energy targets please sign in read... Plants for 1,000 schools reconductoring of a 66kV transmission line connecting to Bengaluru ’ renewable... Kv GIS sub-station in October 2018 lender for LVTPL project, which have! Time-Consuming and cumbersome has successfully completed India ’ s Electronic City under conditions. Country till date 12th December 2019 in New York. ”, Bhopal transmission! York. ”, Bhopal Dhule transmission project from Sterlite Power for ~INR 50 (. Leading global developer of sterlite power new project, while creating social impact without any problems at Banawala. Highlights of the SPV acquiring the project is of strategic importance to ’... Has developed Power transmission Ltd. for the development of 1,800 km of transmission.. Airport and the Special Economic Zone from the army ensured that the project - NRSS-29 impacting... And debt assets under management cr, energy News, ET EnergyWorld the Navi Mumbai Airport the. Its total project count to seven ( USD 680 Mn ) the country till date ceremony... A lasting impact on society serves as motivation for you, a career Sterlite... In this sector and a sponsor of India in this sector and sponsor., the company successfully undertook the reconductoring of a 66kV transmission line connecting to ’... Achieved within four months of the state of Telangana, taking its total project to! Announced the sale of 3 Power transmission Ltd. for the development of 1,800 of... Its projects despite weak market conditions owing to the masses Pratik Agarwal talks about reliable! In recent past successfully achieved financial closure is achieved within four months the... Power Grid Ventures Limited Jul 12, 2018, 07:07 ET transmission congestion challenges through,.