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Sterlite Power acquires 64.98 percent stake in MTCIL

Monday, 18 Apr 2022
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Sterlite Power has acquired a 64.98 percent stake in the Maharashtra Transmission Communication Infrastructure (MTCIL), a joint venture between Sterlite Technologies and the Maharashtra State Electricity Transmission Company (MSETCL). 
 
Sterlite Power acquired the equity stake from the Sterlite Technologies (STL). 
 
MTCIL is a Public Private Partnership for optical ground wire (OPGW) fiber networks operating on a build, own, operate and maintain (boom) model. 
 
MTCIL operates a fiber network of 3,162 km across 35 co-locations, serving telcos, ISPs and data centers, in Maharashtra.
 
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