Today Sterlite Technologies announced about the first independent power transmission project in India.
The company also announced about the LoI (Letter of Intent) which it had received from the PFC (Power Finance Corporation Limited) for the development of an interconnecting power transmission project for the NE.
This 800 crore project is awarded on BOOM (Build Own, Operate and Maintain). It will connect the states of West Bengal, Bihar and Assam. The lines will be ready within three years.
“The award of this mega project to Sterlite is a great achievement for the Company. This is in line with our Vision to become a leading player inPower Transmission.”
“The award of this Project provides great scope to diversify into the growing sector of Power Transmission with many similar opportunities available in future”, as stated by the CEO of the company.
Tuesday, February 23, 2010
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