Sterlite Grid bags orders worth Rs. 650 cr

Sterlite Grid Limited, a subsidiary of Sterlite Technologies, has secured two major projects with a total project outlay of about Rs. 650 crore. Both the transmission projects will be developed on BOOM basis, and has been awarded by Power Finance Corporation of India – the nodal agency.The first project – Rajasthan Atomic Power Project (RAPP-Unit 7, 8) transmission project – will transfer power from the atomic power plant near Kota in Rajasthan to Shujalpur in Madhya Pradesh. The transmission systems will evacuate and transmit power through a network of about 200 km long 400 kV double circuit line. This line, when commissioned, will further strengthen power transfer capability from Northern Grid to Western Grid.The second project, namely ERRS-7 will include establishment of two 400 kV double circuit lines between Ranchi and Chaibasa in Jharkhand; besides Kharagpur and Purulia in West Bengal. The total line length is around 450 km and the project will include 400 kV multi-circuit towers near Ranchi substation. This is considered to be the first of its kind private sector transmission projects in India. The project will further strengthen Sterlite’s presence in the Eastern region after the recent commissioning of the Purnia-Bihar Sharif line in Bihar.“These projects strengthen our presence in Eastern and Western regions and will also mark our entry into the states of Rajasthan and Jharkhand. Further, in terms of growth potential in the transmission sector, these states have significant growth potential and fit well in our future growth plans,” said Pravin Agarwal, Director, Sterlite Technologies Limited.