Sterlite Power to invest $10 bn in transmission lines in four years
Sterlite Power is seeking an investment of nearly $10 billion over the next three-four years for the expansion of its business in both domestic markets as well as overseas. The company had acquired the 28.4 per cent stake that Standard Chartered Private Equity (SCPE) held in its transmission business for Rs 1,010 crore, thus owning 100 per cent stake.
The Union Budget is full of sops for solar - in terms of investment, village electrification and taxes. But, it calls for building renewable power compatible T&D infrastructure on a war footing.
Bijal Ashokbhai Shah, IAS, Managing Director, Uttar Gujarat Vij Company Limited, aged 49, holds a BE degree in Civil Engineering from LD College of Engineering, Ahmedabad and an additional degree in Law.
The Turn of the Tide
With a new slew of orders in the offing, India´s Rs 1.30 lakh crore electrical equipment industry has shown a positive trend after four consecutive quarters of negative growth.
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