Sterlite Grid 32 raises Rs 2,450 Cr via listed NCDs to refinance MUML project

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Sterlite Grid 32 raises Rs 2,450 Cr via listed NCDs to refinance MUML project - YourStory

Quick Summary:

The project is critical for strengthening the transmission system in the Mumbai Metropolitan Region with the potential to carry more than 2,000 MW of additional power to Mumbai and Navi Mumbai.

The JV platform had won MUML project in June 2020 through tariff-based competitive bidding to execute the green energy corridor project on BOOM (build, own, operate, maintain) basis for a period of 35 years.

This is the first listed NCD issuance of Sterlite Grid 32 Limited after its joint venture with GIC of Singapore.