Sterlite Power Secures Rs 1,373 Crore for Neemrana II Kotputli Project
By Rediff Money Desk, New Delhi May 30, 2024 13:47
Sterlite Power has secured Rs 1,373 crore funding from Power Finance Corporation for its Neemrana II Kotputli Transmission Limited (NKTL) project, a vital green energy corridor in India.
![Sterlite Power Secures Rs 1,373 Crore for Neemrana II Kotputli Project](https://im.rediff.com/money/2023/aug/10power.jpg)
Photograph: Courtesy Power Grid Corporation
New Delhi, May 30 (PTI) Sterlite Power on Thursday said it has secured Rs 1,373 crore funding for its Neemrana II Kotputli Transmission Limited (NKTL) project from the state-owned Power Finance Corporation.
Sterlite Power acquired the Neemrana II Kotputli Transmission Limited SPV in November 2023 to execute the green energy corridor on a Build, Own, Operate, and Transfer (BOOT) basis for a period of 35 years.
In a statement, the company said it "has achieved financial closure for its Neemrana II Kotputli Transmission Limited (NKTL) project. The project has secured funds totalling Rs 1,373 crore from Power Finance Corporation (PFC)."
This network will establish vital interconnections, linking the Neemrana substation to the existing Kotputli substation, while also facilitating a LILO (Line-In Line-Out) that will integrate the Neemrana II substation with the Gurugram and Sohna substations through the existing Gurugram-Sohna line.
Sterlite Power is a leading private sector power transmission infrastructure developer and Global Products and Services (GPS) provider.
Sterlite Power acquired the Neemrana II Kotputli Transmission Limited SPV in November 2023 to execute the green energy corridor on a Build, Own, Operate, and Transfer (BOOT) basis for a period of 35 years.
In a statement, the company said it "has achieved financial closure for its Neemrana II Kotputli Transmission Limited (NKTL) project. The project has secured funds totalling Rs 1,373 crore from Power Finance Corporation (PFC)."
This network will establish vital interconnections, linking the Neemrana substation to the existing Kotputli substation, while also facilitating a LILO (Line-In Line-Out) that will integrate the Neemrana II substation with the Gurugram and Sohna substations through the existing Gurugram-Sohna line.
Sterlite Power is a leading private sector power transmission infrastructure developer and Global Products and Services (GPS) provider.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...