Sterlite Electric Unlisted Shares

Sterlite Power Expands Portfolio with Acquisition of Beawar Transmission Limited Project from REC

Solar Quarter

2 min read

Sterlite Power expands its Green Energy corridor portfolio by acquiring Beawar Transmission Ltd from REC.

Regarding the development, Pratik Agarwal, MD, Sterlite Power, said, “Sterlite Power is proud to be building the green energy corridor that will enable the flow of 20 GW of renewable energy”.

Justification

The country's first private transmission infrastructure developer to implement a STATCOM Sterlite power has announced the acquisition of Beawar Transmission Limited, a Special Purpose Vehicle (SPV) from REC Power Development and Consultancy Limited –a wholly owned subsidiary of Rural Electricity Corporation.
It secured the project through the Tariff Based Competitive Bidding (TBCB) process in August 2023 & will execute it via the acquired SPV on a 35-year BOOT (build, own, operate, transfer) basis, marking Sterlite's nineteenth power transmission project in India through the TBCB process.
The company now manages approximately INR 12,000 crore worth of projects.
The acquired SPV will entail the construction of -
- A 350 km 765kV transmission corridor linking Fatehgarh III's renewable energy zone to the Beawar substation.
- Building a 3000 MVA 765/400kV Substation at Beawar.
- Constructing two LILO lines spanning around 120 km.

Takeaways

Sterlite Power's acquisition reinforces its standing in India's power transmission sector, offering potential opportunities in Rajasthan and nearby states. The infrastructure development ensures a stable power supply, which can boost Sterlite's regional operations.

Invest in the Future

Act now and capitalize on the potential growth of this unlisted share

Precize Daily Pulse

The latest news in the world of Unlisted Shares, summarised by our experts.

The next generation of asset classes in India

Company

Institutions Retail Care

Resources

Blogs News FAQs

Legal

Our Office

Office No. 1219, The Summit Business Park, Andheri Kurla Road, Andheri East, Mumbai, Maharashtra - 400093

Find us on Google

support@precize.in

+91 7738336457

All trademarks and logos or registered trademarks and logos found on this Site or mentioned herein belong to their respective owners and are solely used for informational and educational purposes.

The material presented in this advertisement is for informational purposes only and should not be construed as investment advice or investment availability. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular unlisted share, security, strategy, or investment product. Investing in the private market and securities involves risks, including the potential loss of money, and past performance does not guarantee future results. Market trends, data interpretations, graph projections are provided for informational and illustrative purposes and may not reflect actual future performance. Nothing on this website should be construed as personalized investment advice or should not be treated as legal, financial, or any other form of advice. Precize is not liable for financial or any other form of loss incurred by the user or any affiliated party based on information provided herein.

Precize is neither a stock exchange nor does it intend to get recognized as a stock exchange under the Securities Contracts Regulation Act, 1956. Precize is not authorized by the capital markets regulator to solicit investments. The securities traded on these platforms are not traded on any regulated exchange.

The website will be updated regularly.