Sterlite Electric Unlisted Shares
Back Sterlite Power acquires Fatehgarh III Beawar transmission project from PFC
Live Mint
2 min read
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.
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
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