Sterlite Power Transfers Three Power Projects to GIC Venture
POWER & RENEWABLE ENERGY

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 sovereign wealth fund to drive the development and operation of these projects.

The joint venture between Sterlite Power and GIC reflects a shared commitment to investing in critical infrastructure and supporting India's energy transition. It also demonstrates Sterlite's strategic approach to portfolio management, as the company seeks to enhance its competitiveness and unlock value for its stakeholders.

Furthermore, the transfer of ownership to the joint venture is expected to provide financial flexibility for Sterlite Power, allowing it to pursue new growth opportunities and expand its footprint in the energy sector. The partnership with GIC enhances Sterlite's access to capital and strengthens its position as a leading player in India's power transmission segment.

Overall, Sterlite Power's decision to transfer three power projects to a joint venture with GIC underscores its strategic vision and commitment to driving sustainable growth in the energy infrastructure space through strategic partnerships and collaborative ventures.

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 sovereign wealth fund to drive the development and operation of these projects. The joint venture between Sterlite Power and GIC reflects a shared commitment to investing in critical infrastructure and supporting India's energy transition. It also demonstrates Sterlite's strategic approach to portfolio management, as the company seeks to enhance its competitiveness and unlock value for its stakeholders. Furthermore, the transfer of ownership to the joint venture is expected to provide financial flexibility for Sterlite Power, allowing it to pursue new growth opportunities and expand its footprint in the energy sector. The partnership with GIC enhances Sterlite's access to capital and strengthens its position as a leading player in India's power transmission segment. Overall, Sterlite Power's decision to transfer three power projects to a joint venture with GIC underscores its strategic vision and commitment to driving sustainable growth in the energy infrastructure space through strategic partnerships and collaborative ventures.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?