Sterlite Power Completes Merger of Subsidiary; Announces Annual Results

Saur Energy | Jan 13, 2021 at 8:23 AM
  • Sterlite Power, a leading global power transmission player, has announced the completion of the merger of its wholly-owned subsidiary Sterlite Power Grid Ventures Ltd. with the parent entity.
  • During the FY, the firm has realised additional liquidity of Rs 2450 crore from the monetisation of three projects in India (NRSS 29, OGPTL and ENICL) and three projects in Brazil (Pampa, Arcoverde and Nova Estado).
  • Prior to that, the firm had announced an equal partnership with global investment manager AMP Capital, to develop greenfield power transmission projects in India.