Sterlite Grid

Sterlite Grid 32 gets Rs 2,450 cr via listed NCDs to refinance MUML project

Power transmission solution provider Sterlite Grid 32 Ltd (SGL32) on Monday announced securing Rs 2,450 crore through listed non-convertible debentures (NCDs) to refinance its Mumbai Urja Marg Ltd project. The National Bank for Financing Infrastructure and Development (NaBFID) and India Infrastructure Finance Company Limited (IIFCL) have emerged as the successful bidders to the NCDs that have been listed on the Bombay Stock Exchange (BSE), according to a statement. This is the first listed NCD issuance of Sterlite Grid 32 Limited after its joint venture with GIC of Singapore. The NCDs are rated AA+ stable by CRISIL Ratings. The infrastructure business of Sterlite Power Transmission Ltd was demerged into Sterlite Grid 5 Limited (SGL5) effective October 8, 2024. SGL5 has recently entered into a joint venture with GIC of Singapore, following which SGL5 is to execute all its transmission projects in India through Sterlite Grid 32 Limited (SGL32). Pratik Agarwal, Director, Sterlite Gri

GIC collaborates with Vedanta's Sterlite Transmission for $1 bn venture

GIC will put up $500 million in the infrastructure business for a 49 per cent stake. This investment will depend on Sterlite Power winning project tenders

IndiGrid to raise equity via rights issue, use funds for expansion

County's first listed infrastructure investment trust aims to acquire Rs 8,000 crore worth of assets: CEO

Thoothukudi protest: Toll rises to 13, TNPCB shuts power to Sterlite unit

Several hundreds of people are admitted in hospitals with injury; tensions continue in Thoothukudi, affecting normal life in the city and nearby villages

Sterlite Grid commissions TBCB-based RAPP transmission project

The project will strengthen inter-regional power transfer capability between Northern and Western grids

Sterlite Grid eyes Rs 3k-cr funds via infra trust

First such application from power transmission company, could raise up to Rs 3,000 crore