25 December 2024
Vedanta Ltd-owned Sterlite Power has raised ü25 crore from foreign and domestic investors to fuel its expansion plans. The company aims to use the funds to boost its production capacity, new product development, and expansion in international markets, it said in a press release on Monday. Sterlite Power raised the funds from US-based GEF Capital Partners and Mumbai-based firm ENAM Holdings. Also Read I Sterlite Power gets shareholder, creditor nod for demerger of transmission biz "The funds will be used for the ongoing capex expansion and drive strategic growth initiatives by enhancing production capabilities, accelerating new product development, and expanding presence across key international markets," the statement said. Pratik Agarwal, Sterlite Power Transmission managing director, said the investment is aimed at delivering innovative and reliable power solutions that support India's energy transition.
Vedanta Ltd-owned Sterlite Power has raised ü25 crore from foreign and domestic investors to fuel its expansion plans. The company aims to use the funds to boost its production capacity, new product development, and expansion in international markets, it said in a press release on Monday. Sterlite Power raised the funds from US-based GEF Capital Partners and Mumbai-based firm ENAM Holdings. Also Read I Sterlite Power gets shareholder, creditor nod for demerger of transmission biz "The funds will be used for the ongoing capex expansion and drive strategic growth initiatives by enhancing production capabilities, accelerating new product development, and expanding presence across key international markets," the statement said. Pratik Agarwal, Sterlite Power Transmission managing director, said the investment is aimed at delivering innovative and reliable power solutions that support India's energy transition.
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