Sterlite Tech secures Rs 2200 cr debt for 2 transmission projects

NEW DELHI: Sterlite Technologies on Tuesday said it secured Rs 2,200 crore debt for two transmission projects.

" The Bhopal-Dhule Transmission Company Ltd and Japalpur Transmission Company Ltd, both wholly owned subsidiaries of Sterlite Technologies Ltd, have received Rs 2200 crore as debt syndication for their power transmission projects.

The syndication has State Bank of India as the lead participant," a company statement said. Sterlite has a portfolio of three projects estimated at a value of about Rs 4000 crore.

These projects would evacuate and transmit power through a network of 2200 km of transmission lines and two sub-stations across the states of Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh, West Bengal, Bihar and Assam. The statement said all the projects were coming on schedule and would be completed as per development timelines.