Sterlite Power to invest $10 billion in transmission lines in 4 years – Feedback

Sterlite Power, which last bought out its overseas PE investor from the transmission arm, looks to invest about $10 billion over the next three-four years to expand business in both domestic and overseas markets.

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. SCPE exited the company with over 100 per cent premium on its Rs 500 crore investment in made 2014. There is immense scope in the transmission business, especially after government opened up the sector to private players.

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