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

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..