Sterlite Power Secures Rs.137 Million Funding

03 Jun 2024 CW Team

The financial backing from PFC comes at a crucial juncture for Sterlite Power as it continues to play a pivotal role in India's energy landscape, facilitating the seamless transmission of power from generation hubs to consumption centres. With a robust portfolio of projects encompassing both greenfield and brownfield expansions, Sterlite Power is poised to accelerate the development of critical transmission infrastructure, thereby addressing the burgeoning demand for reliable electricity transmission solutions.

Sterlite Power's strategic collaborations and proactive approach to project execution have positioned it as a trailblazer in the realm of power transmission. Leveraging cutting-edge technologies and innovative financing mechanisms, the company remains committed to delivering sustainable and efficient solutions that empower communities and drive socio-economic growth.

This funding infusion underscores PFC's confidence in Sterlite Power's capabilities and underscores the synergistic partnership between the two entities. By pooling resources and expertise, Sterlite Power and PFC are poised to catalyse the transformation of India's power transmission landscape, ushering in an era of enhanced reliability, efficiency, and sustainability.

Key stakeholders, including government agencies, regulatory bodies, and industry experts, have welcomed this development, recognising its potential to catalyse economic growth and alleviate energy poverty. As Sterlite Power embarks on its ambitious expansion plans, it remains steadfast in its commitment to upholding the highest standards of corporate governance, environmental stewardship, and social responsibility.

In conclusion, Sterlite Power's successful procurement of Rs 137 million funding from PFC underscores its unwavering dedication to driving innovation and excellence in the power transmission sector. With a clear vision and robust financial backing, the company is well-positioned to chart new milestones and deliver enduring value to stakeholders across the energy value chain.

Sterlite Power, a leading global developer of power transmission infrastructure, has secured a substantial financing package of Rs 1373 crore (Rs 137 million) from Power Finance Corporation (PFC), one of India's leading financial institutions in the power sector. This significant funding injection is earmarked to bolster Sterlite Power's ongoing initiatives aimed at expanding and strengthening its transmission network across the country. The financial backing from PFC comes at a crucial juncture for Sterlite Power as it continues to play a pivotal role in India's energy landscape, facilitating the seamless transmission of power from generation hubs to consumption centres. With a robust portfolio of projects encompassing both greenfield and brownfield expansions, Sterlite Power is poised to accelerate the development of critical transmission infrastructure, thereby addressing the burgeoning demand for reliable electricity transmission solutions. Sterlite Power's strategic collaborations and proactive approach to project execution have positioned it as a trailblazer in the realm of power transmission. Leveraging cutting-edge technologies and innovative financing mechanisms, the company remains committed to delivering sustainable and efficient solutions that empower communities and drive socio-economic growth. This funding infusion underscores PFC's confidence in Sterlite Power's capabilities and underscores the synergistic partnership between the two entities. By pooling resources and expertise, Sterlite Power and PFC are poised to catalyse the transformation of India's power transmission landscape, ushering in an era of enhanced reliability, efficiency, and sustainability. Key stakeholders, including government agencies, regulatory bodies, and industry experts, have welcomed this development, recognising its potential to catalyse economic growth and alleviate energy poverty. As Sterlite Power embarks on its ambitious expansion plans, it remains steadfast in its commitment to upholding the highest standards of corporate governance, environmental stewardship, and social responsibility. In conclusion, Sterlite Power's successful procurement of Rs 137 million funding from PFC underscores its unwavering dedication to driving innovation and excellence in the power transmission sector. With a clear vision and robust financial backing, the company is well-positioned to chart new milestones and deliver enduring value to stakeholders across the energy value chain.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..