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  3. Back Sterlite Power acquires Fatehgarh III Beawar transmission project …

Back Sterlite Power acquires Fatehgarh III Beawar transmission project from PFC

2 Aug 2023

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Key Takeaways

  • Pratik Agarwal, MD of Sterlite Power, state's company aims to support India's 500 GW green energy vision by leading in green corridor construction.

  • The success of this project opens doors for the company to more opportunities

  • Pratik Agarwal, MD of Sterlite Power, state's company aims to support India's 500 GW green energy vision by leading in green corridor construction.

  • The success of this project opens doors for the company to more opportunities

Sterlite Electric Unlisted Shares

Sterlite Electric

0.00%

Expert Analysis

Acquired Fatehgarh III Beawar Transmission Limited, a special purpose vehicle (SPV) from PFC Consulting Limited (PFCCL).

Justification

  • The project won via tariff-based competitive bidding (TBCB) in March 2023 for a 35-year transmission venture in Rajasthan.

  • Involves construction of a 350km, 765kV transmission corridor from Fatehgarh III to Beawar in Rajasthan.

  • 18th transmission project of Sterlite in India under TBCB.

Publisher:Live Mint