+
Sterlite to spend Rs 500 bn on renewables; focus on K’taka
POWER & RENEWABLE ENERGY

Sterlite to spend Rs 500 bn on renewables; focus on K’taka

Sterlite Power, an arm of the Vedanta Group, is building over 1,000 megawatts of wind/solar hybrid projects in Karnataka, and will send the power to the smelters in Rajasthan, Chhattisgarh and Odisha through the inter-state transmission network.

“Over the next five years, we plan to increase our renewable capacity tenfold and invest close to Rs 500 billion in renewable generation. A large chunk of this investment will come to Karnataka,” said Pratik Agarwal, managing director, Sterlite Power.

Speaking at a Global Investors’ Meet, Agarwal urged the Karnataka government to adopt an intra-state transmission model through PPP (public-private partnership). “As electricity consumption grows at double digits, the state will need continuous strengthening of the grid. Many states have already tasted success with this model.

“We are already developing two critical transmission lines on behalf of the Government of India, one connecting Karnataka to Kerala and the other connecting it to Maharashtra via Goa. Both these lines will be critical for exchange of renewable energy in the coming years,” he said.

Agarwal said the next mission is to reduce India’s dependence on imported electronics. “We will begin by manufacturing semiconductors and reduce the $16-billion import bill on this account. We will also invest in display manufacturing, as we are already making display glass in Korea and Taiwan and we are the fourth largest in the world,” he said.

See also:
Kalpataru Power bags new orders worth Rs 12.90 bn
Adani Transmission net profit falls 32 per cent


Sterlite Power, an arm of the Vedanta Group, is building over 1,000 megawatts of wind/solar hybrid projects in Karnataka, and will send the power to the smelters in Rajasthan, Chhattisgarh and Odisha through the inter-state transmission network. “Over the next five years, we plan to increase our renewable capacity tenfold and invest close to Rs 500 billion in renewable generation. A large chunk of this investment will come to Karnataka,” said Pratik Agarwal, managing director, Sterlite Power. Speaking at a Global Investors’ Meet, Agarwal urged the Karnataka government to adopt an intra-state transmission model through PPP (public-private partnership). “As electricity consumption grows at double digits, the state will need continuous strengthening of the grid. Many states have already tasted success with this model. “We are already developing two critical transmission lines on behalf of the Government of India, one connecting Karnataka to Kerala and the other connecting it to Maharashtra via Goa. Both these lines will be critical for exchange of renewable energy in the coming years,” he said. Agarwal said the next mission is to reduce India’s dependence on imported electronics. “We will begin by manufacturing semiconductors and reduce the $16-billion import bill on this account. We will also invest in display manufacturing, as we are already making display glass in Korea and Taiwan and we are the fourth largest in the world,” he said. See also: Kalpataru Power bags new orders worth Rs 12.90 bnAdani Transmission net profit falls 32 per cent

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code