Sterlite Power is a leading integrated power transmission developer and solutions provider globally, focused on addressing complex challenges in the sector by tackling the key constraints of time, space and capital. Sterlite Power offloads 14.7% stake in IndiGrid for Rs 840 crore 14 Aug, 2020, 04:07PM IST Sterlite Power has sold 14.7 per cent stake in IndiGrid with the transaction valued at Rs 840 crore at a unit price of Rs 98. [17], On 28 May 2018, the Government of Tamil Nadu ordered the permanent closure of Sterlite plant in Thoothukudi. The sale of its stake has been made to institutional and HNI investors, the company said in a statement. Projects Jharsuguda, Odisha. Vedanta Limited. Find at Sterlite Power Transmission Limited. Sterlite Energy Ltd (SEL) was selected as the developer of the project based on the Tariff Based International Competitive Bidding Process (Case-2) on BOO basis for supply of 100 per cent power to Punjab State Electricity Board (PSEB) for 25 years as per the guidelines of Government of India. Website URL www.sterlitetechnologies.com. Contact Information Mr. Mr. Anil Agarwal Chairman. But the ADMK parties are given rights to approach the Madras High Court. STL - Sterlite Technologies Limited (Formerly Sterlite Tech) NSE: STLTECH formed in 1988 is a digital technology company with offices in India, China, US, SEA, Europe and MEA. [3], Last edited on 6 September 2020, at 01:56, "Financial closure of 1,980 Mw plant in 3 mths: Sterlite", https://en.wikipedia.org/w/index.php?title=Sterlite_Energy&oldid=976951188, Creative Commons Attribution-ShareAlike License, This page was last edited on 6 September 2020, at 01:56. There are numerous facilities attached to the smelter, including a refinery, a phosphoric acid plant, a sulphuric acid plant, a copper rod plant and three captive power plants. The line, which could involve the felling of over 5,000 trees, is being built by the Goa Tamnar Transmission Project Ltd, a special purpose vehicle of Sterlite Power. 15,437,165,600. Sterlite Power Transmission Ltd. Year of Foundation N/A. If leaving a lasting impact on society serves as motivation for you, a career at Sterlite Power can be very rewarding. We help organize life! Email Address manish.agarwal@sterlite.com. Sterlite Power Grid Ventures Limited Sterlite Technologies Limited (STL), the erstwhile promoter of SPGVL, incorporated in the year 2000, entered into the business of power transmission by bidding for its first project, ENICL, and was awarded by Power Finance Corporation Limited in 2010. Sterlite Energy Limited is developing Sterlite Jharsuguda Power Station 2400 MW coal-fired thermal power project in Jharsuguda, Odisha. [12][13][14], The group has steadfastly denied accusations of any wrongdoing, throughout. [8], In 2001, Sterlite industries, BPL and Videocon were found guilty by SEBI of having colluded with Harshad Mehta and 17 brokers (10 from BSE and 7 from NSE) in a bid to corner shares and rig shares prices. For the nine-month period ended December 31, 2015, the power business earned revenue of Rs 1,827 crore with an EBIDTA of Rs 390 crore. The power station is operated by Sterlite Energy, a subsidiary of Vedanta Resources, a London Stock Exchange company. Talwandi Sabo Power Project. STL Tech has expertise ranging from connectivity and access solutions, hyper-scale network design and deployment, programmable networks, to AI powered digital solutions. With equity divestments in projects debt is likely to go down. SEL is developing the 1980 MW Talwandi Sabo Power Project at village Banawala, Mansa-Talwandi Sabo in District Mansa. Sterlite Technologies is partially owned by Sterlite Industries (India) Limited, which is in turn 77%-owned by Vedanta Resources. The plant also included a refinery, a phosphoric acid plant and a sulphuric acid plant. Vedanta Resources is a holding company that owns many entities including a large proportion of Vedanta Limited and Sterlite industries. In 1992 Maharashtra Industrial Development Corporation (MIDC) allotted plot in Ratnagiri district's Zadgaon village[2]. Jharsuguda Power Station is a coal-based thermal power plant located at Burkhamunda near Jharsuguda town in Jharsuguda district in the Indian state of Odisha. Its authorized share capital is Rs. The power plant is operated by the Sterlite Energy. After that incident Sterlite has been relocated to Thoothukudi. [10], The Thoothukudi Copper Smelting plant has been long-opposed[5] by the local residents for polluting their environment as well as causing a range of health problems and has been subject to several closures, on grounds of violating environmental norms. Sterlite Energy Limited (SEL) is an energy company focused on development and operation of power plants in India. Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited. [5], In the meanwhile, the Tamil Nadu Pollution Control Board on March, 2013 re-ordered a closure of the plant on grounds of leakage of gas, leading to nausea and skin irritation among local inhabitants. [2] The project will develop 4 units of 600MW each. Sterlite produces non-ferrous metals like copper, … Section 144 was imposed to control the situation. [1] SEL is a subsidiary of Vedanta Resources PLC. SEL is developing the 1980 MW Talwandi Sabo Power Project at village Banawala, Mansa-Talwandi Sabo in District Mansa. Sterlite Copper at A Glance Sterlite Copper represents a key aspect of Vedanta Limited’s Copper Business. Jharsuguda Power Station is a coal-based thermal power plant located at Burkhamunda near Jharsuguda town in Jharsuguda district in the Indian state of Odisha.The power plant is operated by the Sterlite Energy.. As Group CEO Pratik Agarwal explains, the market Sterlite operates in places huge pressures on project performance. Supply Chain Management: New Delhi, India 10-Dec-2020 The company has an optical fiber manufacturing plant located at Aurangabad, India and Telecom Cable & Power Transmission Conductor plants at Silvassa, Pune& Haridwar India. The company, which won its first transmission project under competitive bidding in 2010, today has a portfolio of 22 transmission projects in India and Brazil, totalling over 12,000 ckt. [12] The Supreme Court, in April, 2013 struck down the Madras high court's order[5] and instead fined Sterlite Rs 100 crore for polluting the environment and for operating the plant without a renewal of the consents by TNPCB. On 22 May 2018 the protests took a deadlier when 20,000 protesters turned violent and subsequently police had to resort to lathi charge and shooting. Sterlite Copper is a copper smelting unit and is a subsidiary of the London-based Vedanta Group. This action of TN Government was set aside by NGT on 15 December 2018, directing the Tamil Nadu Pollution Control Board to pass fresh order of renewal of consent and authorization to handle hazardous substances. 1st Floor, 'C'’ wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (E), Mumbai, Maharashtra - 400 093. Sterlite Power Grid Ventures Limited is a Public incorporated on 03 June 2014. "Sterlite Technologies has retained 1500-1600 people while about 700 employees are with Sterlite Power," Anand Agarwal said. Punjab. The first units of the plant (1 and 2) were commissioned respectively in November 2010 and April 2011. The project will develop 4 units of 600MW each. This is also a coal-fired thermal power production project with 3 units of 660 MW each. Address Type … [6], On 23 Feb 2001, Sterlite bought 51% stake in Bharat Aluminium Co. from the government of India by $118.5 million. We believe that electricity access transforms societies and delivers long-lasting social impact. Under his leadership, the Company has grown from an optical-fiber manufacturer to one of the leading global providers of products, solutions, and services for telecom and power industries. Sterlite Power Transmission Limited has emerged as a leading private transmission company within 10 years of its entering the transmission segment. 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