19 January, 2012

Sterlite Grid Limited, a wholly owned subsidiary of Sterlite Technologies Limited, announced placement of orders for its 765 kV transmission lines with M/s KEC Ltd and Simplex Infrastructure Ltd.

The scope of these orders includes engineering, supply and construction of 765kV transmission lines terminating at Bhopal and Dhule Substations. These substations are also being developed by Sterlite Grid and were ordered earlier this year with Areva T&D, Hyundai (Korea) and BTW (China).

The contract, which was signed on January 17, 2012, is part of a investment by Sterlite Grid for its project that involves establishment of four 765 kV Single Circuit transmission lines, and two 765kV substations for strengthening the Western Region. The sub-stations would be set up at Bhopal (Madhya Pradesh) and at Dhule (Maharashtra), and are part of the transmission systems strengthening project awarded to Sterlite Grid Limited on a ‘Build, Own, Operate and Maintain’ (BOOM) basis. The transmission lines would be commissioned within 3 years and the Company would operate and maintain the same for a minimum tenure of 35 years thereafter.

Mr Pravin Agarwal, Wholetime Director, Sterlite Technologies: “These orders represent our continued commitment to the Grid Business and shows are seriousness in executing large scale transmission jobs in the country on BOOM basis. India requires tremendous investment in the transmission sector over next 5 years in order to meet its economic growth targets, and our goal is to bring the required level of investments and entrepreneurship in a sector that has attracted little attention from the private sector so far.