Sterlite Power secures INR 305 crores funding from Aseem Infrastructure Finance for Kishtwar Transmission project
Summary
Aseem Infrastructure Finance Limited (AIFL), an NBFC IFC (Infrastructure Finance Company), is established with the aim of playing a transformative role in growth of Indian infrastructure debt financing This milestone ensures financial closure for the Kishtwar project, securing its smooth execution and operationsNew Delhi, 11 January 2023: Sterlite Power, a leading power transmission developer and solutions provider in India and Brazil, has achieved financial closure for its Kishtwar Transmission Limited (KTL) project located in J&K. In line with its vision to help create a futuristic India through transformative infrastructure financing, Aseem has been making rapid strides as reflected in its high-quality asset book crossing INR 10,000 crores mark in 25 months of operations.Sterlite Power has a strong track record of executing complex projects successfully and has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Despite the weak market conditions owing to the pandemic, the company has been successful in forging relationships with Indias leading financial institutions a testimony of the continued trust reposed on the company by the banking and investor community.Sterlite Power is a leading private sector power transmission infrastructure developer and solutions provider with a robust portfolio of 30 completed & flipped and under construction projects covering approximately 14,602 circuit Kms of transmission lines across India and Brazil. The Company has a portfolio of high-performance power conductors, extra-high voltage (EHV) cables and optical ground wires (OPGW). Advancing the carriage toward a green energy-efficient future, Sterlite Power has an increasing focus on integrating renewable energy into the grid.
Funding
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