Sterlite Power Transmission (SPTL), a privately held Vedanta Group company, is joining hands with Singapores sovereign wealth fund, GIC, to create a $1-billion joint venture platform to tap the growing demand for power evacuation networks in the country on the back of the renewable energy boom, multiple people aware of the plans told ET.
VRET is a Sebi-registered infrastructure investment trust set up on February 25, 2021 as per provisions of the InvIT Regulations. A total of 16 solar projects with a capacity of 538 MWp will be added to the IndiGrid portfolio following the acquisition.
Sterlite Power is the sponsor of India s first power sector InvIT, India Grid Trust (IndiGrid) which is listed. In September 2022, the firm announced that it had withdrawn its DRHP and deferred its listing plans due to unfavourable market conditions.
India Grid Trust declares distribution of INR 3 45 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Power transmission: Private firms want competition check on PowerGrid financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.