Sterlite Power Secures ?250 Million Orders

Reshu Madan Named CEO of Sterlite Power's GPS Business

Sterlite Power, a leading power transmission infrastructure company, has appointed Reshu Madan as the Chief Executive Officer (CEO) of its Global Projects & Services (GPS) business. In her new role, Madan will be responsible for driving the strategic growth and operational excellence of Sterlite Power's GPS division.

With over two decades of experience in the energy sector, Madan brings a wealth of expertise in project management, business development, and stakeholder engagement to her new position. Prior to joining Sterlite Power, she has held leadership roles in prominent organization..

GIC and Sterlite Power forge JV for India's energy sector growth

GIC, Singapore's sovereign wealth fund, has announced its collaboration with Sterlite Power, an Indian power transmission company, to establish a joint venture. This partnership aims to capitalize on the burgeoning opportunities in India's energy sector. The joint venture, named "IndiGrid," will focus on investing in power transmission assets within India, leveraging Sterlite Power's expertise in the field.

With India's increasing energy demands, particularly in renewable energy, there is a pressing need for robust transmission infrastructure. IndiGrid aims to address this need by inve..

Sterlite Power Transfers Three Power Projects to GIC Venture

Sterlite Power Transmission, owned by Vedanta, reportedly transfers ownership of three power projects to a joint venture with Singapore's GIC. This move signals a strategic realignment in Sterlite's portfolio and underscores the company's focus on collaboration for energy infrastructure development.

The three power projects, located in the states of Maharashtra, Uttar Pradesh, and Madhya Pradesh, are part of Sterlite's efforts to optimize its asset portfolio and streamline its operations. By partnering with GIC, Sterlite aims to leverage the expertise and resources of the Singaporean s..

Adani Energy Acquires Essar's Transmission Assets

Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.

The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..

IEX Q4 Net Profit Grows 9.5%

The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.

The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..