For projects benefiting business clients, Sterlite Power establishes a RE firm.

For projects benefiting business clients, Sterlite Power establishes a RE firm.
Planify Author
Author

Planify Author

Financial Analyst Intern
Publish Date14 September 2022
Reading time1 Min

Share on Social Links

Category

StockBeginner GuideAngel InvestingSME IPOEconomy MarketAIFInvestmentsMore

The Vedanta Group company Sterlite Power, a private power transmission provider, is establishing a sister business to develop renewable energy projects for users in the commercial and industrial sectors (C&I).

In Rajasthan, Maharashtra, and Karnataka, Serentica Renewables will construct 1.5 Gigawatts (Gw) of solar, wind, and energy storage capacity.

A spokeswoman for Serentica, Pratik Agarwal, the managing director of Sterlite Power, stated that Vedanta Group would receive close to 600 Mw of the continuous green power as part of the "company's (Vedanta's) decarbonization goal."

"The  company is willing to scale up the capacity of renewable energy to 5 Gw with energy storage technologies in the medium term. Each year, the company want to produce 15 billion renewable energy units.

Tags

Unlisted SharesPre-IPOInvestmentStock MarketFinance

Stay Connected, Stay Informed –

Join Our

WhatsApp

Channel!

Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.