Sterlite Power launches green energy corridor project in Gujarat

08 Mar 2023 CW Team

Sterlite Power stated that it has commissioned its green energy corridor project - Lakadia-Vadodara Transmission Project Ltd - in Gujarat, which seeks to deliver over 5,000 MW renewable energy from Bhuj and Kutch to the national grid. A 335 km long 765 kV double-circuit transmission line connecting the 765/400 kV substation at Lakadia to Vadodara was constructed at an investment of 2,024 crore.

“With 812 towers spanning seven districts in Gujarat, this power transmission corridor is also one of the largest transmission corridors built in India till date," said a media release.

The project, it continued, is a vital component of Kutch's proposed construction of the largest 30,000-MW hybrid renewable energy plant in the world.

“It has been a challenging journey, but we have been successful in unlocking 5000 MW of green power for the nation that will accelerate India’s RE vision of 500GW by 2030," said Pratik Agarwal, Managing Director, Sterlite Power.

Sterlite Power is a leading power transmission infrastructure developer and solutions provider with projects spanning 14,602 circuit kilometers in India and Brazil.

Real Estate

14 Oct 2025

GHMC Launches Drive To Boost Property Tax Revenue

The Greater Hyderabad Municipal Corporation (GHMC) has launched a special campaign to enhance property tax revenue from non-residential and commercial properties by reassessing their total built-up area. Any discrepancies identified during inspections will trigger immediate revision of both property tax and trade licence fees, officials said. The initial phase of the drive focuses on shopping malls across Hyderabad, with over 300 such establishments identified in the twin cities. After the mall inspections, GHMC will extend the verification process to other non-residential properties, includi..

Cholamandalam To Raise Rs 10 Billion Via NCD Issue

Cholamandalam Investment and Finance Company has invited bids to raise up to Rs 10 billion through secured non-convertible debentures (NCDs) maturing on 14 October 2030, offering a coupon rate of 7.58 per cent. The NCD issue, announced on Monday, comes at a time when corporate bond activity — which saw strong momentum in the first quarter of FY26 — has slowed during the second quarter owing to rising borrowing costs. However, market analysts anticipate a rebound in the coming months as easing bond yields could reignite investor appetite for corporate debt instruments. The company’s fu..

Maharashtra Approves Cluster Redevelopment For Mumbai Slums

The Maharashtra cabinet has approved a cluster redevelopment scheme for Mumbai’s slums, paving the way for large-scale urban renewal and improved living standards across the city’s informal settlements. The decision, taken on 7 October, seeks to convert slum clusters spread over more than 50 acres into integrated housing projects equipped with modern infrastructure and better amenities. To be implemented by the Slum Rehabilitation Authority (SRA), the initiative aims to accelerate redevelopment, attract private investment, and stimulate construction activity. According to a statement from..