Sterlite Power SPV raises Rs 3,000 cr via bonds; completes major transmission project in Kashmir before schedule

Sterlite Power said on Tuesday that its special purpose vehicle NRSS XXIX Transmission Ltd has raised Rs 3,000 crore through bonds on BSE BOND platform.

Press Trust of India November 28, 2018 10:20:26 IST
Sterlite Power SPV raises Rs 3,000 cr via bonds; completes major transmission project in Kashmir before schedule

New Delhi: Sterlite Power said on Tuesday that its special purpose vehicle NRSS XXIX Transmission Ltd has raised Rs 3,000 crore through bonds on BSE BOND platform.

"On 27 November, 2018, NRSS XXIX Transmission Limited successfully raised Rs 3,000 crores by issuing bonds on private placement basis using the same platform," a company statement said.

“We are proud to have completed this important transmission line project in Kashmir, ahead of schedule. These AAA bonds have been fully subscribed on the BSE BOND platform and will help to deepen the much needed infrastructure bond market in India," said Pratik Agarwal, Group CEO, Sterlite Power in the statement.

Sterlite Power is a global developer of power transmission infrastructure with projects of over 12,500 circuit km and 20,500 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks.

Updated Date:

also read

KEC International bags Rs 1,047 cr new orders across various business verticals
Business

KEC International bags Rs 1,047 cr new orders across various business verticals

Infrastructure firm KEC International on Wednesday said it has secured new orders worth Rs 1,047 crore across various business verticals

Need political will to maintain discipline on power grid rules: GE
Economy

Need political will to maintain discipline on power grid rules: GE

GE Energy, part of the US-based multinational giant, said the "political will" was required to ensure that all the parties sharing the power grids follow certain rules.

KEC International bags orders worth Rs 1,323 cr across various businesses
Business

KEC International bags orders worth Rs 1,323 cr across various businesses

Engineering, procurement and construction major KEC International on Tuesday said it has bagged orders worth Rs 1,323 crore across various businesses in both domestic as well as international markets