Adani, Sterlite Power Complete Acquisition of Transmission Networks For 7 GW Evacuation from Khavda Updated On Mon, Sep 2nd, 2024 by Saurenergy Adani Energy Solutions Ltd (AESL), the transmission and distribution company of the Adani group, has completed the acquisition of the Special Purpose Vehicle (SPV) of the Khavda Phase IV Part-A transmission project, after receiving a letter of intent (LOI) from REC Power Development and Consultancy Ltd. Khavda IVA Power Transmission Ltd, a special purpose vehicle […] Read more
Sterlite Gets Rs 1373 Cr for 6000 MVA Neemrana Transmission Project Updated On Wed, Jun 5th, 2024 by Saurenergy The Neemrana II Kotputli Transmission Limited (NKTL) project has closed the financing transaction, according to Sterlite Power, a well-known operator in the power transmission industry. The enterprise has achieved a significant milestone with the acquisition of a sizeable sum of INR 1373 crore from Power Finance Corporation (PFC), a prestigious Maharatna Public Sector Enterprise. The […] Read more
Sterlite Power Appoints Reshu Madan As CEO (Global Products & Services Business) Updated On Mon, May 6th, 2024 by Saurenergy Sterlite Power, a leading global developer of power transmission, today 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. Reshu will work closely with Manish Agarwal for a smooth transition as he integrates into […] Read more
Sterlite Wins Rs 7,000 Cr Orders During FY24, Witnesses 35% YoY Increase To FY 23 Updated On Tue, Apr 30th, 2024 by Saurenergy Sterlite Power, a power transmission developer as well as products & services provider, capped off a successful fiscal year (FY24) with new orders worth INR 2,500 crores for its Global Products and Services (GPS) business unit in Q4. This takes Sterlite’s cumulative order wins in FY24 to Rs 7,000 crores, representing a 35% year-on-year (YoY) […] Read more
Sterlite Announces Fin Closure For Beawar Project From REC Updated On Mon, Feb 12th, 2024 by Saurenergy In yet another indicator of the improved funding environment for larger power projects, especially in the renewables sector, Sterlite Power, has announced a financial closure for its Beawar Transmission Limited (BTL) project. Sterlite project has secured funds totaling INR 2400 Cr. from REC Power Development and Consultancy Limited, a wholly owned subsidiary of Rural Electricity […] Read more
Sterlite Power Acquires Neemrana II Kotputli Transmission Limited from PFC Updated On Thu, Dec 28th, 2023 by Saurenergy Sterlite Power, a power transmission developer and solutions provider in India and Brazil, has announced the acquisition of Neemrana II Kotputli Transmission Limited, a Special Purpose Vehicle (SPV) from PFC Consulting Limited (PFCCL). PFCCL is a wholly owned subsidiary of Power Finance Corporation Limited (PFC), a Maharatna Public Sector Enterprise. The project was awarded to […] Read more
Sterlite Power Wins 8 GW Green Energy Transmission Project in Rajasthan Updated On Thu, Nov 30th, 2023 by Saurenergy Sterlite Power, a private sector power transmission developer, has secured an order for Rajasthan REZ Ph-IV (Part-1-Bikaner Complex): Part-B Transmission project. With this order win, Sterlite Power has secured its third Green Energy Corridor (GEC) project in the state of Rajasthan. Sterlite Power will be building this project on a BOOT (Build, Own, Operate, Transfer) […] Read more
Sterlite Power Demerges Transmission & Products Business Updated On Fri, Nov 3rd, 2023 by Saurenergy Sterlite Power Transmission Limited (SPTL), a power transmission developer and solutions provider in India and Brazil, has announced the strategic decision to demerge its power transmission infrastructure business (BOT model), spread across India and Brazil. The demerged SPTL entity will continue to hold the global products and specialised EPC services business as well as the […] Read more
Sterlite Power Onboards Ruhie Pande As HR Chief Updated On Tue, Oct 17th, 2023 by Saurenergy Sterlite Power, a leading power transmission developer and solutions provider in India and Brazil, announced the appointment of Ruhie Pande as the Group Chief Human Resources Officer (CHRO), effective October 10, 2023. In this role, Ruhie will work closely with Pratik Agarwal, Managing Director, Sterlite Power. She will be responsible for leading HR including strategy, […] Read more
