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Sterlite Energy Ltd (SEL) was selected as the developer of the project based on the Tariff Based International Competitive Bidding Process (Case-2) on BOO basis for supply of 100 per cent power to Punjab State Electricity Board (PSEB) for 25 years as per the guidelines of Government of India. Power Purchase Agreement and other related ...
IndiGrid was established with Sterlite Power as its sponsor in October 2016, as per the SEBI InvITs Regulations. [7] [8] In May 2017, IndiGrid opened its initial public offer (IPO) to raise ₹2,250. It is the first power sector InvIT and the second InvIT to get listed on exchange after IRB InvIT Fund. [9]
In 2001, Sterlite industries, BPL and Videocon were found guilty by the Securities Exchange Board of India of having colluded with the broker Harshad Mehta and 17 brokers (10 from BSE and 7 from NSE) in a bid to corner shares and rig shares prices. This resulted in a ban on Sterlite from accessing capital markets for 2 years. [59]
TUTICORIN, India--(BUSINESS WIRE)-- Sterlite Industries (India) Limited announces that the first 80 MW unit of its 160 MW thermal power plant at Tuticorin has been successfully synchronised on ...
Sterlite Copper, which operates a 400,000-tonne-per-year smelter in the South India port city of Thoothukudi, was forced to shut its plant by Tamil Nadu state in May, and is estimated to have lost ...
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Sterlite Industries (India): Sterlite is registered office headquartered in Tuticorin, Tamil Nadu, India. Sterlite has been a public listed company in India since 1988, and its equity shares are listed and traded on the NSE and the BSE, and are also listed and traded on the NYSE in the form of ADSs. Vedanta owns 53.9% of Sterlite and has ...
This improved Sterlite's product mix from aluminum to aluminum foil with the largest market share of 65%. [2] In 1999, the company acquired Copper Mines of Tasmania. [3] In February 2011, Sterlite Industries acquired Lisheen Zinc Mine in Ireland from Taurus International S.A., for a share value of approximately $546 million. [4]