Sterlite Power buys Fatehgarh III Beawar transmission from PFC

04 Aug 2023 CW Team

Sterlite Power announced that they had acquired Fatehgarh III Beawar Transmission Project, a special purpose vehicle, from PFC Consulting. It was stated that PFC Consulting (PFCCL) is a wholly-owned subsidiary of Power Finance Corporation Limited under the Ministry of Power.

According to the company's statement, Sterlite Power had acquired the Fatehgarh III Beawar Transmission Project in Rajasthan from PFC through a tariff-based competitive bidding process in March 2023.

Sterlite Power would be establishing a critical transmission project in Rajasthan using the Fatehgarh III Beawar Transmission Limited special purpose vehicle (SPV) in build-operate-transfer mode for 35 years.

The project's scope involved the construction of a 350-kilometer, 765kV transmission corridor connecting Fatehgarh III to Beawar in Rajasthan. The primary objective was to facilitate the evacuation of a portion of 20 GW of renewable power from renewable energy zones in Fatehgarh (9.1 GW), Bhadla (8 GW), and Ramgarh (2.9 GW) areas of the state.

Pratik Agarwal, the Managing Director of Sterlite Power, stated that the development of green energy corridors played a crucial role in India's nation-building efforts. He mentioned that with Sterlite Power's unique capabilities and expertise, these corridors would contribute to achieving the country's renewable energy vision of 500 GW by 2030.

As for the financial details of the acquisition, the company did not disclose them.

Sterlite Power, known for being a leading private sector power transmission infrastructure developer and solutions provider, has undertaken projects that span approximately 15,000 circuit kilometers of transmission lines across India and Brazil.

Also read:
RIL to produce green hydrogen in 2 years
CERC approves 4.5 GW Renewable Power evacuation in Gujarat

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..