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Sterlite Power completes merger of Sterlite Power Grid Ventures

Wednesday, 13 Jan 2021
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Sterlite Power, a power transmission company, has completed the merger of its wholly-owned subsidiary Sterlite Power Grid Ventures with itself. 
 
With this merger, Sterlite Power further strengthens its position in the marketplace by integrating operations and streamlining corporate structure.
 
Post the merger, the company’s net profit more than doubled to Rs 942 crore while revenue increased 44 per cent to Rs 5,158 crore and consolidated EBITDA increased four times to Rs 2,406 crore.

 

 
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