Back Sterlite Power acquires Fatehgarh III Beawar transmission project from PFC

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.