Sterlite Power to invest $10 bn in transmission lines in four years:

Sterlite Power, which last bought out its overseas PE investor from the transmission arm, looks to invest about USD 10 billion over the next three-four years to expand business in both domestic and overseas markets.

The company had acquired the 28.4 per cent stake that Standard Chartered Private Equity (SCPE) held in its transmission business for Rs 1,010 crore, thus owning 100 per cent stake.

The SCPE exited the company with over 100 per cent premium on its Rs 500 crore investment in made 2014.
“There is immense scope in the transmission business, especially after government opened up the sector to private players.

“Besides, there is huge opportunity in the international market and we expect to have projects worth USD 10 billion under management over the next three-four years,” Sterlite Power Group chief executive Pratik Agarwal told PTI over the weekend.

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