Sterlite Power may invest $10 bn

Published - February 04, 2018 10:12 pm IST - MUMBAI

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

The company had acquired the 28.4% stake that Standard Chartered Private Equity (SCPE) held in its transmission business for ₹1,010 crore, thus owning 100%. SCPE exited the company with over 100% premium on its ₹500 crore investment in made 2014.

“There is immense scope in the transmission business, especially after government opened up the sector to private players. ” Sterlite Power Group CEO Pratik Agarwal told PTI.

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