Sterlite JV's 2 transmission projects received bids from three companies

17 Mar 2023 CW Team

Sterlite Power and its joint venture (JV) partner AMP Capital have received bids for their two power transmission assets from IndiGrid, Torrent Power, and Edelweiss Infrastructure Fund totaling between Rs 35 and 40 billion on an enterprise value basis. The two transmission projects will probably generate equity worth around 10 billion.

In order to create a platform, Sterlite Power and AMP Capital joined together in December 2020. They agreed to invest $300 million to create transmission assets worth roughly $1 billion. Lakadia Vadodara Transmission and Udupi-Kasargod Transmission, two assets from this JV platform with a total length of around 450 kilometres, have been placed on the market. More than 5,000 MW of renewable energy from Kutch and Bhuj in Gujarat will be transported to the national grid thanks to the Lakadia Vadodara line, which was just inaugurated. In the upcoming months, it's anticipated that the Udupi-Kasargode line would be put into service. Goa Tamnar Transmission and Mumbai Urja Marg Transmission are the other two projects included in this Partnership.

The sale process, which was started last year, had attracted attention from a number of financial investors and strategics. Three organisations—IndiGrid, Torrent Power, and Edelweiss Infra Fund—have submitted bids to Sterlite, and these bidders are currently conducting due diligence on the assets.

Also read:
NLC establishes green energy joint venture with Assam Discom
Government to fund green energy conversion of state-run refineries

Infrastructure Urban

27 Oct 2025

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..