Sterlite Power Plant

Sterlite Power appoints Reshu Madan as CEO Global Products and Services Biz

Sterlite Power on Monday announced appointment of Reshu Madan as CEO of the company's Global Products & Services Business. His appointment is effective from May 1, the company said in a statement. Madan takes over the charge from Manish Agarwal who has decided to pursue an opportunity outside the company. He will report to company's Managing Director Pratik Agarwal, it said. Madan has spent over 25 years in leadership positions across power and infrastructure. Over the last five years at Sterlite, he has driven the growth of the company's power cables vertical. "I look forward to collaborating with our talented team and valued customers to unlock this potential and deliver clean energy solutions on a global scale," Madan said. Sterlite Power is a leading private sector power transmission infrastructure developer and global products and services (GPS) provider. The GPS business manufactures and supplies high-performance power conductors, extra-high voltage, high voltage and mediu

Sterlite Power bags Rs 2500 cr worth orders in Q4; FY24 wins surge 35% YoY

Sterlite Power on Tuesday announced securing new orders worth Rs 2,500 crore during the quarter ended March 31. This takes the company's cumulative order wins in FY24 to Rs 7,000 crore, up 35 per cent year-on-year (YoY) over FY23, Sterlite Power said in a statement. "Sterlite Power has capped off a successful fiscal year FY24 with new orders worth Rs 2,500 crore for its Global Products and Services (GPS) business unit in Q4. This growth underscores the growing global and domestic demand for robust power transmission infrastructure, particularly to support the integration of renewable energy sources critical for a net-zero future," the company said. Pratik Agarwal, Managing Director, Sterlite Power, said, the company's GPS business is experiencing significant growth. These products are essential in driving the sector's expansion over multiple decades, spurred by the global shift towards energy transition and decarbonization. In Q4, some of the projects secured by the company are for

Vedanta's Sterlite to transfer three power projects to GIC venture

The projects are still under development and the transfer into the Sterlite Grid 32 Ltd. joint venture has been agreed, the people said, asking not to be identified because the matter isn't public

Can't be oblivious to community's concerns: SC to Sterlite Copper

The Supreme Court on Wednesday told Sterlite Copper, a Vedanta group firm, that it cannot be oblivious to the wider concerns of the local community in Tamil Nadu's Thoothukudi and will have to implement the environmental safeguards suggested by the proposed expert panel before its plant can be reopened. The court had said on February 14 that a panel of domain experts may be set up to inspect the closed plant, suggest further compliance of green norms, and the way forward. The plant has been closed since May 2018 after 13 people were killed as police opened fire to quell a protest over alleged pollution caused by it. A bench of Chief Justice DY Chandrachud and justices JB Pardiwala and Manoj Misra said keeping the plant shut would not serve any purpose but at the same time the court has to be mindful of public health and welfare. "They are voiceless people. They all cannot come here. We cannot be oblivious to the wider concerns of the community," CJI Chandrachud said, adding, "We ma

Sterlite Power secures orders worth Rs 1,400 crore in Oct-Dec quarter

Sterlite Power on Tuesday said it has secured new orders worth Rs 1,400 crore during the quarter ended December 2023. These orders from domestic and export markets are for high-performance power conductors, optical ground wire (OPGW) and power cables among others. Further, the company has also received orders for specialized Engineering, Procurement and Construction (EPC) services and turnkey EPC for extra high voltage (EHV) and high-voltage (HV) cables in the domestic market, Sterlite Power said. The equipment will be supplied for projects like metro, data center, and power projects. "The order wins are indicative of the growing demand for our product offerings in India and export markets. "With increased focus on decarbonization, our range of high-performance conductors, HV and EHV cables and specialized EPC services for cable transmission, continue to make a significant impact in the energy transition journey," Manish Agarwal, CEO, Global Products & Services business ...

Sterlite Power buys Beawar Transmission to develop project in Rajasthan

Sterlite Power on Friday said it has acquired Beawar Transmission Ltd for developing an electricity transmission project in Rajasthan. Beawar Transmission is a Special Purpose Vehicle (SPV) of REC Power Development and Consultancy Ltd. The SPV was awarded to Sterlite Power through tariff-based competitive bidding in August, a company statement said. "Sterlite Power announces the acquisition of Beawar Transmission Ltd from REC Power Development and Consultancy Ltd, a wholly owned subsidiary of REC Ltd," it said. The company did not share the financial details of the acquisition. Through the Beawar Transmission Ltd, the company will build the Green Energy Corridor project on Build, Own, Operate, Transfer (BOOT) basis, for a period of 35 years, as per the statement. This is Sterlite Power's 19th power transmission project in India acquired through tariff-based competitive bidding, the company said, adding that it now has Rs 12,000 crore worth of projects under management. "Sterlite

Sterlite Power commissions Rs 1,600 cr transmission project in Brazil

Sterlite Power on Thursday announced commissioning of its sixth transmission project in Brazil built with an investment of Rs 1,600 crore. The project, Marituba involved developing a 344-km 500kV transmission corridor connecting Brazil's largest hydropower plant at Tucuru to the metropolitan region of Belm to deliver up to 1000 MW of green energy, a company statement said. Since its foray in Brazil in 2017, Sterlite Power has built a significant footprint in the country, acquiring 13 projects through greenfield global auction process. Currently, the company has a strong portfolio of 8 power transmission projects, of which it has developed six, spanning approximately 2000 kilometre of transmission lines and 22 substations. Located in the Amazon region, it is the largest power transmission project executed by Sterlite Power Brazil.

Sterlite Power bags new orders worth Rs 1,400 cr in March quarter

Sterlite Power on Wednesday said it has bagged new orders worth Rs 1,400 crore during the quarter ended March 31, 2023. The set of orders, won across domestic and international markets, have strengthened the company's solutions business unit's order book to Rs 5,200 crore during FY23, Sterlite Power said in a statement. Sterlite Power has secured multiple new orders worth Rs 1,400 crore across its 'solutions' business that caters to products and specialized EPC (engineering, procurement and construction), during the last quarter of FY 2023," it said. Major orders secured during the January-March quarter are for upgrading transmission projects and supply of high-performance products. The company said it has bagged a major order from PowerGrid Corporation to upgrade/uprate its 400 kV Jharsuguda/Sundargarh - Rourkela line, to deploy its reconductoring solution. In addition, Sterlite Power would be building 220kV double circuit transmission lines for Serentica Renewables. In product

Sterlite Power commissions Lakadia-Vadodara Transmission Project

Sterlite Power on Monday said that it has successfully commissioned its largest green energy corridor in Gujarat called Lakadia-Vadodara Transmission Project. The project aims to deliver more than 5,000 MW of power from renewable rich regions of Bhuj and Kutch to the national grid, a step towards accelerating India's transition towards a greener economy, a statement said. Sterlite Power, a leading power transmission company in India and Brazil, announced the commissioning of its green energy corridor project - Lakadia-Vadodara Transmission Project Ltd (LVTPL), it stated. Built with an investment of Rs 2,024 crore, this inter-state transmission project connects the 765/400 kV substation at Lakadia to Vadodara through a 335 kilometres long 765 kV double-circuit transmission line, it stated. With 812 towers spanning seven districts in Gujarat, this transmission corridor is also one of the largest in India till date, it claimed. Additionally, it forms a critical part of the world's ..

IndiGrid, Brookfield show interest in buying 2 transmission projects

Joint venture projects by Sterlite Power Transmission Ltd and Australia-based AMP Capital worth Rs 3,500-4,000 cr

Sterlite Power to launch renewable energy biz, cater to industrial clients

To provide integrated green energy solutions to carbon-intensive industries

Sterlite feels heat of popular protest amid plans to sell Thoothukudi plant

The decision to sell its Thoothukudi copper plant is unlikely to end the controversy surrounding it

Copper plant sale offer 'diversionary,' says anti-Sterlite group in TN

'Vedanta may sell its machinery and equipment, but the land should revert to the government. The land must be allotted only to agro-based units by the government'

Sterlite Power to expand transmission projects in Brazil for Rs 250 cr

The requests for an authorizing resolution for the construction of an additional scope came from the National Electric Energy Agency (ANEEL), it said

Red signals from green protests: Impact of Sterlite closure on livelihoods

Sterlite's argument is that there is a case for heightened pollution in the Thoothukudi area, but it has not been conclusively proven anywhere that Sterlite specifically was the cause of it

Sterlite Power acquires Lakadia-Vadodara Transmission Project from PFC

Power Finance Corporation arm PFC Consulting is the nodal agency for auctioning power transmission projects in the country

Cops question US journalist for interviewing people about Sterlite protests

All legal options were being 'looked at,' including registration of a case and deporting him in view of the violation of visa norms, said police officer