Sterlite Power secures INR 580 crore funding || Hybiz tv

Описание: Sterlite Power, a global developer of power transmission infrastructure, announced the successful financial closure of the project set up by Udupi-Kasargode Transmission Project Ltd (UKTL). It has secured the entire debt funding of INR 580 crores from one of India’s largest power sector lenders, REC Limited (REC.).

The project set up by UKTL is an Inter-State Transmission System project spanning across the southern states of Karnataka and Kerala. It is made up of two critical elements including a 1000MVA 400/220 kV Gas Insulated Substation (GIS), one of the first GIS substations to be built at Kasargode in Kerala. In accordance with the Letter of Award received from RECTPCL (REC Transmission Projects Company Ltd.), the project involves construction of a 400kV (Quad) D/c transmission line, extending over ~240 ckm, from Udupi in Karnataka to Kasaragode in Kerala. The project scope also includes supply and installation of two 400kV line bays and bus bar extension at Udupi switchyard.

Commenting on the development, Anuraag Srivastava, Group CFO, Sterlite Power said, “Sterlite Power has been successful in concluding a number of financial deals with global and national investors in the past. We are pleased to secure funding from REC - one of India’s largest financial institutions in the power sector, for this project.”


#SterlitePower #fund #UdupiSwitchyard #AnuraagSrivastava #financial
#UdupiKasargodeTransmissionProjectLtd #Hybiz

HyBiz Tv is India’s most watched Digital Business Channel with over One Million regular viewers. In the 11 years of its existence, HyBiz Tv has provided a platform for business houses to promote, project and propagate their products and services. Corporate videos, promotional videos, interviews, ad- films, events coverage, current relevant news, meaningful discussions on contemporary subjects have given the audience relevant content which has helped in the rapid growth of the viewership. Clients from both the Telugu states and across the country have reaped rich dividends by engaging HyBiz Tv and now this has spread all over the country..
► Watch More Business Videos at India's Leading online business channel http://www.hybiz.tv
► like us on Facebook:   / hybiz  
► Watch More Videos on    / hybiztv  
► Subscribe to HYBIZTV Channel: goo.gl/EEXqfu
►Follow us on Twitter   / hybiztv