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.

Collection - 50 stories

Police burst teargas shells to disperse anti-Sterlite protesters marching to the Thoothukudi District Collectorate.

The Hindu explains: Sterlite protests

Sruthi Radhakrishnan

Actor Rajinikanth speaks to the media in Thoothukudi on May 30, 2018.

Infiltration of anti-social elements into peaceful protest led to Thoothukudi violence, says Rajinikanth

Special Correspondent

Thoothukudi police firing survivor Santosh Raj is undergoing treatment at the Thoothukudi Medical College Hospital.

‘Who are you,’ youth asks Rajinikanth in Thoothukudi hospital

Special Correspondent

Mr. Rajinikanth visited the victims of the police firing in Thoothukudi

Continuous protests will turn Tamil Nadu into a graveyard: Rajinikanth

Banwarilal Purohit visiting the victims at a Thoothukudi hospital on Tuesday.

T.N. to take back land allotted to Sterlite

Special Correspondent

DINDIGUL, TAMIL NADU, 19/05/2018: Chief Minister Edappadi K. Palanisamy addressing at the inaugural function of summer festival held at Bryant Park in Kodaikanal, Tamil Nadu, on May 19, 2018.
Photo: G. Karthikeyan

CM accuses DMK of instigating Sterlite protesters

Special Correspondent

Chennai, 29/05/2018 : M.K.Stalin, DMK working President and the members of the party staged a walkout from the assembly session on tuesday. Photo : S. R. Raghunathan

G.O. won’t stand up to legal scrutiny: Stalin

Special Correspondent

Chennai, 03/12/2014: For Tamil Nadu Desk / City: Pattali Makkal Katchi (PMK) leader Anbumani Ramadoss in Chennai. Photo: B. Jothi Ramalingam

‘G.O. to close Sterlite plant inadequate’

TIRUNELVELI : TAMIL NADU : 29/05/2018 : Tamil Nadu Governor Banwarilal Purohit is consoling the firing victims at Thoothukudi medical college hospital on Tuesday. (HAND OUT)

Governor visits firing victims in hospital

Police chase away protesters during the anti-Sterlite rally in Thoothukudi on May 22, 2018.

Three officers in the rank of deputy tahsildar issued firing orders in Thoothukudi, say FIRs

Pon Vasanth B.A

CHENNAI, TAMIL NADU, 18/11/2017: Defence Minister Nirmala Sitharaman, R. Dinesh, Deputy Chairman, CII (SR), Joint Managing Director TVS and Sons Ld and M. Ponnuswami, Vice-Chairman, CII, Tamil Nadu and Chairman and Managing Director Pon Pure Chemicals at an interactive session with representatives of the Confederation of Indian Industry at the Hilton Chennai.
Photo: R. Ravindran

Industrialists concerned over decision on Sterlite

Sangeetha Kandavel,Sanjay Vijayakumar

All smiles: Jubilant crowds outside the Sterlite Copper smelter unit in Thoothukudi on Monday.

Closure evokes mixed feelings

TAMILNADU :CUDDALORE,13/04/2018: DMK working president M.K. Stalin speaking at a public meeting against Kaveri Issue by DMK and opposition parties at Cuddalore on Friday.PHOTO:M_SAMRAJ.

Government Order an eyewash: Stalin

Special Correspondent

TIRUNELVELI : TAMIL NADU : 28/05/2018 : Deputy Chief Minister O. Panneerselvam having a look at the burned vehicles burned by protesters at the Thoothukudi District Collectorate premises on Monday. Photo: A. Shaikmohideen

OPS visits victims, terms firing tragic

A view of the Sterlite Copper plant in Thoothukudi.

Sterlite Copper to be permanently closed, says Tamil Nadu government

Anti-Sterlite protesters laying siege to the Collectorate, demanding the closure of the copper manufacturing unit in Thoothukudi on May 22

Anti-Sterlite protests: In Thoothukudi, how copper came a cropper

Special Correspondent

For the Archives : P. Ramnath, CEO, Sterlite Copper. Photo : Bijoy Ghosh

Exiting Thoothukudi not on the cards, says Sterlite CEO

Sangeetha Kandavel,Sanjay Vijayakumar

Chief Minister Edappadi K. Palaniswami addressing the media on Thursday.

CM evades question on who ordered firing

Special Correspondent

Abhishek Manu Singhvi

Thoothukudi police firing: Why Narendra Modi is silent, asks Congress

Special Correspondent

Measured steps: Police commandos took out a march at Anna Nagar in Thoothukudi.

Plea seeks CBI probe into firing

Special Correspondent

People staging a dharna at the Thoothukudi GH.

‘Preserve bodies of police firing victims’

Special Correspondent

Joining hands: Leaders of various political outfits were stopped by the police near the State Guest House at Chepauk on Thursday when they attempted to proceed towards the Secretariat.

Anti-Sterlite protests: Protesters court arrest over firing

Special Correspondent

Tamil Nadu Chief Minister Edappadi K. Palaniswami. File

Vested interests behind anti-Sterlite protests, says Tamil Nadu CM Palaniswami

Dennis S. Jesudasan

S. Thirunavukkarasar

Cong., CPI (M) to join DMK bandh

Special Correspondent

CHENNAI, 20/06/2008: PMK Founder S. Ramadoss at the party's general council in Chennai on June 20, 2008.
Photo: K. Pichumani

Lift prohibitory orders immediately, says Ramadoss

‘Lack of planning and leadership led to firing’

Boots on the ground: Policemen deployed at Anna Nagar in Thoothukudi on Thursday.

Tamil Nadu CM says Sterlite will be shut

Special Correspondent

A close view of Sterlite plant in Tuticorin.

TNPCB orders closure of Sterlite plant in Thoothukudi

Up in flames: Miscreants torched a police bus in Thoothukudi as antiSterlite protests continued in the port town on Wednesday.

Anti-Sterlite protests: T.N. invokes ‘public emergency’, sounds high-level alert

Protesters in large numbers take out a march against the Sterlite copper plant on May 22, 2018. They went on a spree of pelting stones and damaging vehicles. The police, in a bid to disperse the crowd, resorted to a lathi charge, burst tear gas shells and opened fire.

10 killed in police firing as anti-Sterlite rally turns violent in Thoothukudi

J Praveen Paul Joseph

Thoothukudi firing: Entirely preventable

A Sub-Inspector patrolling with his service pistol along Thoothukudi Palayamkottai Road on Wednesday.

One more killed in fresh firing in Thoothukudi

J Praveen Paul Joseph

A view of the Sterlite company at Sipcot area in Thoothukudi.

Cease construction of unit II of Sterlite copper plant, Madras High Court directs Vedanta

Special Correspondent

Vedanta shares drop 6% after protests in Tamil Nadu

Situation necessitated use of force, says DGP

THOOTHUKUDI : TAMIL NADU : 22/05/2018 : The anti sterlite protesters burned the two wheelers parked on the road side at Thoothukudi Palayamkottai bypass road demanding the closure of copper manufacturing unit at Thoothukudi on Tuesday. Photo: N. Rajesh

HC had predicted the stir could take a violent turn

Mohamed Imranullah S.

Chaos reigns: Police personnel resorting to a lathicharge to disperse anti-Sterlite protesters in Thoothukudi on Tuesday. N. Rajesh

Jury still out on what triggered the violence

Seething anger: Protesters lay siege to the Collectorate demanding the closure of Sterlite’s copper manufacturing unit in Thoothukudi on Tuesday.

Police fired under unavoidable circumstances: T.N. CM

Special Correspondent

Victims with bleeding injuries and gunshot wounds at Thoothukudi GH

THOOTHUKUDI,TAMIL NADU, 01/05/2018: During Grama sabha meeting at Mapillaioorani in Thoothukudi on Tuesday some people raised objection to expansion of Sterlite Copper unit and demanded its closure citing pollution. Photo : Handout

Sterlite Copper unit: TNPCB faces flak

Special Correspondent

R. Kishore Kumar

‘No question of closing down Sterlite unit’

K.T. Jagannathan

The newly-wed couple at the anti-Sterlite protest venue at Shrine Basilica of Our Lady of Snows in Thoothukudi on Monday.

Newly-wed couple turn up at anti-Sterlite protest venue

The land where Zinc Smelter once stood at Mindi in Visakhapatnam.

Vedanta’s ‘realty plan’ kicks up a row

Santosh Patnaik

CHENNAI: TAMIL NADU: 13/04/2018: Stop Sterlite's Illegal Expansion. Delegation led by Justice Hariparanthaman to file RTIs in TNPCB invoking special clause for getting info in 48 hours. RTIs contain questions that will reveal high-level fraud, collusion and corruption to protect Sterlite Copper's interests. Justice Hariparanthaman, Carnatic vocalist T.M. Krishna coming out from the Member Secretary D. Sekhar's chamber at TNPCB's office. Photo: V. Ganesan.

Sterlite protesters seek RTI reply in 48 hours

Stand-off: Employees and family members of Sterlite Copper staging a dharna in front of the factory in Thoothukudi on Thursday.

Two children injured in anti-Sterlite protest

Special Correspondent

Kollywood celebrities taking part in the demonstration organised at Valluvar Kottam on Sunday.

Kollywood’s show of solidarity

Tamil diaspora at a anti-Sterlite protest in North Carolina, USA.

Anti-Sterlite protest in 16 U.S. cities

A village boy slogans with Actor turned Politician Kamalhasan staging protest against Sterlite Copper at A. Kumareddiyarpuram village near Thoothukudi on Sunday

Kamal Haasan supports anti-Sterlite protest

Actor Rajinikanth. File

T.N. govt. not responding to protests over Sterlite: Rajinikanth

Sterlite Power may invest $10 bn

You're in this story

Top News Today

0 / 0

Sign in to unlock member-only benefits!

Access 10 free stories every month
Save stories to read later
Access to comment on every story
Sign-up/manage your newsletter subscriptions with a single click
Get notified by email for early access to discounts & offers on our products

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.