IPO-bound Sterlite Power win Rs 324 crore order in north-east

IPO-bound Sterlite Power has announced that it has won the Nangalbibra-Bongaigaon inter-state power transmission project worth Rs 324 crore through tariff-based competitive bidding (TBCB) by virtue of emerging as the L1 bidder. The project will also have about 20 km of 132kV D/c line connecting Hatsinghmari in Assam to Ampati in Meghalaya. The company is focused on integrating renewable energy sources to the transmission grids.