Sterlite Power is a leading integrated power transmission developer and solutions provider globally, focused on addressing complex challenges in the sector by tackling the key constraints of time, space and capital. -Sterlite Technologies have recommended a Final Dividend of 25% (Rs. [1] SEL is a subsidiary of Vedanta Resources PLC. With equity divestments in projects debt is likely to go down. Jharsuguda Power Station is a coal-based thermal power plant located at Burkhamunda near Jharsuguda town in Jharsuguda district in the Indian state of Odisha.The power plant is operated by the Sterlite Energy.. As Group CEO Pratik Agarwal explains, the market Sterlite operates in places huge pressures on project performance. Sterlite Copper (A Unit of Vedanta Limited) SIPCOT Industrial Complex, Madurai Bypass Road, Thoothukudi, Tamilnadu- 628002 +91-461-424 2591 (10 Lines) Registered Office. Address Type … Website URL www.sterlitetechnologies.com. [5], In 2010, the Madras High Court had ordered a shut down of the same plant, for violating environmental regulations which was subsequently challenged by the group in the Supreme Court. Vedanta’s Sterlite Copper plant, which is facing intense protests over its failure to follow environmental norms, is a business unit of Vedanta Limited, formerly known as Sesa Sterlite Limited/Sesa Goa Limited. Sterlite Energy Limited (SEL) is an energy company focused on development and operation of power plants in India. [21], "Sesa Sterlite gets relief from Bombay High Court in Ratnagiri land case", "As Sterlite Plant Expands, a City Erupts in Protest - The Wire", "Sterlite Industries India Ltd (SLT) Company Profile | Reuters.com", "Press release - Ref.No.PR 71/2001 (19 April 2001)", "Vedanta's copper smelting plant ordered to stop operations", "TN government orders closure of Sterlite copper smelter", "Vedanta group's copper plant ordered to be shut down | Latest News & Updates at Daily News & Analysis", "Protests against Sterlite in Tuticorin enter 50th day", "Thoothukudi Sterlite violence: One more injured person dies, the total death toll in anti-Sterlite protests till now is 14", "Tamil Nadu government orders permanent closure of Sterlite plant in Tuticorin", "TN govt orders permanent closure of Vedanta group's Sterlite plant in Tuticorin - Times of India ►", "India closes Vedanta copper smelter permanently after bloody protest", https://www.livelaw.in/top-stories/sc-sets-aside-ngt-order-which-allowed-to-re-open-sterlite-plant-at-tuticorin-142981, https://en.wikipedia.org/w/index.php?title=Sterlite_Copper&oldid=997691480, Companies listed on the New York Stock Exchange, Pages with non-numeric formatnum arguments, Creative Commons Attribution-ShareAlike License, This page was last edited on 1 January 2021, at 19:39. Talwandi Sabo Power Project. Sterlite operated the largest copper smelter plant in India, in Thoothukudi from 1998 to 2018. Sterlite Technologies is partially owned by Sterlite Industries (India) Limited, which is in turn 77%-owned by Vedanta Resources. We help organize life! Email Address manish.agarwal@sterlite.com. It is classified as Non-govt company and is registered at Registrar of Companies, Pune. It is classified as Non-govt company and is registered at Registrar of Companies, Pune. If leaving a lasting impact on society serves as motivation for you, a career at Sterlite Power can be very rewarding. Sterlite Power Transmission Ltd. Year of Foundation N/A. Sterlite Copper at A Glance Sterlite Copper represents a key aspect of Vedanta Limited’s Copper Business. Pratik Agarwal is Managing Director/CEO at Sterlite Power Transmission Ltd. See Pratik Agarwal's compensation, career history, education, & memberships. Sterlite Energy Ltd (SEL) was selected as the developer of the project based on the Tariff Based International Competitive Bidding Process (Case-2) on BOO basis for supply of 100 per cent power to Punjab State Electricity Board (PSEB) for 25 years as per the guidelines of Government of India. Sterlite Copper is a copper smelting unit and is a subsidiary of the London-based Vedanta Group. [12] The Supreme Court, in April, 2013 struck down the Madras high court's order[5] and instead fined Sterlite Rs 100 crore for polluting the environment and for operating the plant without a renewal of the consents by TNPCB. At Sterlite Power, work is driven by a strong focus on social impact, overcoming obstacles and innovation to find solutions to complex workplace challenges. 2/- … [10], The Thoothukudi Copper Smelting plant has been long-opposed[5] by the local residents for polluting their environment as well as causing a range of health problems and has been subject to several closures, on grounds of violating environmental norms. The company, which won its first transmission project under competitive bidding in 2010, today has a portfolio of 22 transmission projects in India and Brazil, totalling over 12,000 ckt. Its authorized share capital is Rs. Water is sourced from reservoir of Hirakud Dam. [17], On 28 May 2018, the Government of Tamil Nadu ordered the permanent closure of Sterlite plant in Thoothukudi. Though the Supreme Court of India set aside these directions on appeal by TN Government, Justices R F Nariman and Naveen Sinha held on 18 February 2019 that the NGT had no jurisdiction to entertain the matter. Under his leadership, the Company has grown from an optical-fiber manufacturer to one of the leading global providers of products, solutions, and services for telecom and power industries. Sterlite Power is a leading global developer of power transmission infrastructure. The plant also included a refinery, a phosphoric acid plant and a sulphuric acid plant. [15][16] Sterlite Power Transmission Limited operates as an electricity transmission company. Its authorized share capital is Rs. In 1992 Maharashtra Industrial Development Corporation (MIDC) allotted plot in Ratnagiri district's Zadgaon village[2]. There are numerous facilities attached to the smelter, including a refinery, a phosphoric acid plant, a sulphuric acid plant, a copper rod plant and three captive power plants. Sterlite Energy Limited is developing Sterlite Jharsuguda Power Station 2400 MW coal-fired thermal power project in Jharsuguda, Odisha. Find at Sterlite Power Transmission Limited. It comprises four 600 MW units near Jharsuguda. Section 144 was imposed to control the situation. Sterlite Power, one of India’s largest power transmission players, has a debt of about Rs 4,200 crore, 70-80% of which is at project level. If leaving a lasting impact on society serves as motivation for you, a career at Sterlite Power can be very rewarding. The project will develop 4 units of 600MW each. Sterilite's broad line of plastic housewares feature some of the most innovative and distinctive products available on the market today. 232,800,000 and its paid up capital is Rs. [6], On 23 Feb 2001, Sterlite bought 51% stake in Bharat Aluminium Co. from the government of India by $118.5 million. In the event referred to as Thoothukudi violence 14 people were killed and several others injured. Sterlite Power is a leading integrated power transmission developer and solutions provider, operating in India and Brazil. Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited.. Overview. Also get to know the Latest Financials, News, Research Reports, Recommendations and much more.. Sterlite Power Transmission Limited is a Public incorporated on 05 May 2015. It is listed on Bombay Stock Exchange and National Stock Exchange of India.It has 425 patents and is active in over 150 countries.. STL Tech has expertise ranging from connectivity and access solutions, hyper-scale network design and deployment, programmable networks, to AI powered digital solutions. Sterlite Power Grid Ventures Limited Sterlite Technologies Limited (STL), the erstwhile promoter of SPGVL, incorporated in the year 2000, entered into the business of power transmission by bidding for its first project, ENICL, and was awarded by Power Finance Corporation Limited in 2010. This is also a coal-fired thermal power production project with 3 units of 660 MW each. Contact Numbers Telephone : 20-66235700. The Sterlite Project Has Been Marred by Controversy from The Word Go. [13][11], In March and April 2018, there were renewed mass-protests against the company's plans of setting up a second smelting complex and demands of an entire shutdown of the smelting plants, on grounds of violating environmental regulations were raised. The line, which could involve the felling of over 5,000 trees, is being built by the Goa Tamnar Transmission Project Ltd, a special purpose vehicle of Sterlite Power. [5], The company's main operating subsidiaries are Hindustan Zinc Limited for its zinc and lead operations; Copper Mines of Tasmania Pty Limited for its copper operations in Australia; and Bharat Aluminium Company Limited for its aluminium operations. Sterlite Power Transmission Ltd Share/Stock Price Stock Analysis of Sterlite Power Transmission Ltd, Future Prospects, experts view on buy/sell/hold Sterlite Power Transmission Ltd shares. STL is the worlds leading data innovator. 15,437,165,600. But the ADMK parties are given rights to approach the Madras High Court. On December 13, 1993, over 30,000 people of the city marched to the unit and demolished the quarters for the construction workers and some other structures[3][4]. Sterlite produces non-ferrous metals like copper, … Jharsuguda Power Station is a coal-based thermal power plant located at Burkhamunda near Jharsuguda town in Jharsuguda district in the Indian state of Odisha. This plant was shut down by the Government of Tamil Nadu on 28 May 2018 after protests from locals but not operational from March 2018. 30,000,001,000 and its paid up capital is Rs. [18] 0.50/- on Equity Share of Rs. SEL is developing the 1980 MW Talwandi Sabo Power Project at village Banawala, Mansa-Talwandi Sabo in District Mansa. Sterlite Power offloads 14.7% stake in IndiGrid for Rs 840 crore 14 Aug, 2020, 04:07PM IST Sterlite Power has sold 14.7 per cent stake in IndiGrid with the transaction valued at Rs 840 crore at a unit price of Rs 98. [7] In September 2013, SESA Goa, Sterlite Industries and Vedanta Aluminium merged to form Sesa Sterlite Limited. Jharsuguda Power Station is a coal-based thermal power plant located at Burkhamunda near Jharsuguda town in Jharsuguda district in the Indian state of Odisha. [8], In 2001, Sterlite industries, BPL and Videocon were found guilty by SEBI of having colluded with Harshad Mehta and 17 brokers (10 from BSE and 7 from NSE) in a bid to corner shares and rig shares prices. At Sterlite Power, work is driven by a strong focus on social impact, overcoming obstacles and innovation to find solutions to complex workplace challenges. The power plant is operated by the Sterlite Energy. Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited. It also operates a copper mine in Australia. [2] The project will develop 4 units of 600MW each. On July 2006 the company acquired the Power Transmission Line division from Sterlite Industries (India) Ltd for a consideration of Rs.1485 million. Talwandi Sabo Power Ltd (TSPL) will make the first unit of 660 MW to be operational by the end of 2012 and other two units 2x660 by the end of 2013. km. Punjab. SEL is developing the 1980 MW Talwandi Sabo Power Project at village Banawala, Mansa-Talwandi Sabo in District Mansa. For the nine-month period ended December 31, 2015, the power business earned revenue of Rs 1,827 crore with an EBIDTA of Rs 390 crore. [11] Post a favorable ruling by the National Green Tribunal, the plant soon reopened. Power Purchase Agreement and other related agreements were signed between TSPL and PSEB on 1 September 2008 and the ownership of Talwandi Sabo Power Limited was transferred to Sterlite Energy Limited (SEL) on that date. In 1992 Maharashtra Industrial Development Corporation (MIDC) allotted plot in Ratnagiri district's Zadgaon village.On December 13, 1993, over 30,000 people of the city marched to the unit and demolished the quarters for the construction workers and some other structures. 158,363,808. Details of the owner of Sterlite Technologies (Wiki) Dr. Anand Agarwal has been the CEO of Sterlite Tech since 2003. Now as per the new agreement between Punjab State Electricity Board (PSEB) and Sterlite Energy Limited (SEL), SEL is to add one more unit of 660 MW to the upcoming thermal project of 1980 (3x660) MW at Talwandi Sabo in Mansa district. The company has an optical fiber manufacturing plant located at Aurangabad, India and Telecom Cable & Power Transmission Conductor plants at Silvassa, Pune& Haridwar India. Sterlite Power Transmission Limited has emerged as a leading private transmission company within 10 years of its entering the transmission segment. Sterlite Power is India’s largest private sector power transmission developer with 31 Extra High Voltage transmission lines and 7 substations with over 7,000 Circuit Km and 12,750 MVA of transformation capacity spanning 15 states. -Sterlite Technologies wins the first mega independent power transmission project. Projects Jharsuguda, Odisha. Since its inception in 1996, Sterlite Copper has steadily grown to become one of the leading contributors to copper production in India, contributing upto 40% of India’s demand for refined copper. [19][20] Vedanta Resources is a holding company that owns many entities including a large proportion of Vedanta Limited and Sterlite industries. Contact Information Mr. Mr. Anil Agarwal Chairman. Sterlite Energy Limited is developing Sterlite Jharsuguda Power Station 2400 MW coal-fired thermal power project in Jharsuguda, Odisha. STL - Sterlite Technologies Limited (Formerly Sterlite Tech) NSE: STLTECH formed in 1988 is a digital technology company with offices in India, China, US, SEA, Europe and MEA. This action of TN Government was set aside by NGT on 15 December 2018, directing the Tamil Nadu Pollution Control Board to pass fresh order of renewal of consent and authorization to handle hazardous substances. Also in the same year they stared a new project of producing Broadband Access Network. Sterlite is an innovation powerhouse in next-gen technologies like 5G, AI , FTTx and Analytics. [9] In 2003, Vedanta Resources (UK) was listed on the London Stock Exchange in the second largest floatation of the year in LSE. The sale of its stake has been made to institutional and HNI investors, the company said in a statement. Vedanta Limited. Sterlite Power Grid Ventures Limited is a Public incorporated on 03 June 2014. [11], The National Environmental Research Institute (NEERI) and the TNPCB have found evidence that Sterlite contaminated the groundwater, air and soil with its effluents and also violated standards of operation. [12][13][14], The group has steadfastly denied accusations of any wrongdoing, throughout. "Sterlite Technologies has retained 1500-1600 people while about 700 employees are with Sterlite Power," Anand Agarwal said. We believe that electricity access transforms societies and delivers long-lasting social impact. Sterlite Energy Limited is developing Sterlite Jharsuguda Power Station 2400 MW coal-fired thermal power project in Jharsuguda, Odisha. [5], In the meanwhile, the Tamil Nadu Pollution Control Board on March, 2013 re-ordered a closure of the plant on grounds of leakage of gas, leading to nausea and skin irritation among local inhabitants. [3], Last edited on 6 September 2020, at 01:56, "Financial closure of 1,980 Mw plant in 3 mths: Sterlite", https://en.wikipedia.org/w/index.php?title=Sterlite_Energy&oldid=976951188, Creative Commons Attribution-ShareAlike License, This page was last edited on 6 September 2020, at 01:56. After that incident Sterlite has been relocated to Thoothukudi. The first units of the plant (1 and 2) were commissioned respectively in November 2010 and April 2011. This resulted in a ban on the company from accessing capital markets for 2 years. The power station is operated by Sterlite Energy, a subsidiary of Vedanta Resources, a London Stock Exchange company. [2] The project will develop 4 units of 600MW each. The coal for the plant is sourced from Ib Valley Coalfield. 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