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Sterlite Power readies $5-7 b investment in transmission business

Sterlite Power readies $5-7 b investment in transmission business

Sterlite Power readies $5-7 b investment in transmission business

Sterlite Power plans $5–7 billion investment over five years in India’s transmission sector, contingent on contract allocations by central and state governments, aiming to expand its presence and capabilities across the country.

Sterlite Power plans $5–7 billion investment over five years in India’s transmission sector, contingent on contract allocations by central and state governments, aiming to expand its presence and capabilities across the country.

Sterlite Power Transmission (SPTL), a company that was demerged from Sterlite Technologies in May this year, looks to invest about $5-7 billion over a five-year period in transmission business across the country. However, the investment would depend on allocation of contracts by the Centre and State governments.

http://www.thehindubusinessline.com/companies/sterlite-power-aims-to-invest-57-bn-in-transmission-biz/article9188580

 

About Resonia

Resonia is one of India's leading developers of power transmission infrastructure, building and operating the grid assets that move electricity from where it is generated to where it is needed most.

Operating in one of the world's largest greenfield transmission markets, Resonia has established a proven end-to-end model — developing critical assets across India's most complex geographies, then monetising them through a disciplined capital recycling strategy. To date, the company has monetised assets worth over US$1 billion, and sponsored IndiGrid, India's first power transmission InvIT, which attracted marquee global investors including KKR and GIC.

Resonia offers a rare combination: world-class execution capability, a demonstrated monetisation track record, and a front-row position in India's accelerating energy transition.

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