Vedanta-owned Sterlite Power Transmission said to transfer three power projects to GIC venture, ET EnergyWorld


terlite Power Transmission Ltd., a privately-held unit of mining company Vedanta Ltd., has transferred three power transmission projects into its joint venture with Singaporean sovereign wealth fund GIC Pte, according to people familiar with the situation.

The projects are still under development and the transfer into the Sterlite Grid 32 Ltd. joint venture has been agreed, the people said, asking not to be identified because the matter isn’t public.

Representatives for Mumbai-based Sterlite declined to comment. GIC didn’t immediately respond to a request for comment

The three transmission projects are in Kishtwar, Nangalbibra and Fatehgarh, one of the people said.

  • Published On Mar 18, 2024 at 05:02 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETEnergyworld App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App