Sterlite Power arm bags second lot in transmission auction in Brazil

31 Dec 2021 CW Team

Sterlite Brazil Participacoes S A, a Sterlite Power Transmission arm, has won the second lot in a transmission project in an auction in Brazil.

As per the company statement, Sterlite Brazil Participacoes S.A. (Sterlite Brazil), a subsidiary of India's Sterlite Power Transmission (the firm), acquired lot 02 in the transmission auction, announced on 17th December 2021 by the National Electric Energy Agency (ANEEL), at B3, in Sao Paulo.

The annual permitted revenue (RAP) of the plan is $1.3 million, which equals a discount of 66.9% with a maximum amount of $3.8 million.

Five companies lots were auctioned. Lot 2 is in the state of Bahia and consists of a substation development in the city of Olindina, a municipality that has been presenting development.

The outcome of the auction is part of the firm's investments in the nation. Presently, Sterlite Brazil has five projects in development in the nation.

Sterlite Power is a power transmission infrastructure developer and solutions provider with projects including about 13,700 circuit km of transmission lines across India and Brazil.

Image Source

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..