Website URL www.sterlitetechnologies.com. Also in the same year they stared a new project of producing Broadband Access Network. Sterlite Energy Limited is developing Sterlite Jharsuguda Power Station 2400 MW coal-fired thermal power project in Jharsuguda, Odisha. In 1992 Maharashtra Industrial Development Corporation (MIDC) allotted plot in Ratnagiri district's Zadgaon village[2]. 158,363,808. Sterlite Power is a leading integrated power transmission developer and solutions provider, operating in India and Brazil. At Sterlite Power, work is driven by a strong focus on social impact, overcoming obstacles and innovation to find solutions to complex workplace challenges. 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.. Projects Jharsuguda, Odisha. SEL is developing the 1980 MW Talwandi Sabo Power Project at village Banawala, Mansa-Talwandi Sabo in District Mansa. Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited.. Overview. 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. Sterlite Energy Limited is developing Sterlite Jharsuguda Power Station 2400 MW coal-fired thermal power project in Jharsuguda, Odisha. 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. On July 2006 the company acquired the Power Transmission Line division from Sterlite Industries (India) Ltd for a consideration of Rs.1485 million. We believe that electricity access transforms societies and delivers long-lasting social impact. [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. 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. [1] SEL is a subsidiary of Vedanta Resources PLC. Sterlite Copper at A Glance Sterlite Copper represents a key aspect of Vedanta Limited’s Copper Business. Talwandi Sabo Power Project. After that incident Sterlite has been relocated to Thoothukudi. Email Address [email protected] Sterlite Power Transmission Limited has emerged as a leading private transmission company within 10 years of its entering the transmission segment. 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. Contact Numbers Telephone : 20-66235700. [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. 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. -Sterlite Technologies wins the first mega independent power transmission project. It also operates a copper mine in Australia. [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. Water is sourced from reservoir of Hirakud Dam. [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. This is also a coal-fired thermal power production project with 3 units of 660 MW each. Section 144 was imposed to control the situation. 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. As Group CEO Pratik Agarwal explains, the market Sterlite operates in places huge pressures on project performance. 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. Sterlite Power is a leading global developer of power transmission infrastructure. This resulted in a ban on the company from accessing capital markets for 2 years. 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. 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. [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. 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. [11] Post a favorable ruling by the National Green Tribunal, the plant soon reopened. [19][20] [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. STL is the worlds leading data innovator. Sterlite Technologies is partially owned by Sterlite Industries (India) Limited, which is in turn 77%-owned by Vedanta Resources. The coal for the plant is sourced from Ib Valley Coalfield. 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. Its authorized share capital is Rs. 1st Floor, 'C'’ wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (E), Mumbai, Maharashtra - 400 093. Also get to know the Latest Financials, News, Research Reports, Recommendations and much more.. [6], On 23 Feb 2001, Sterlite bought 51% stake in Bharat Aluminium Co. from the government of India by $118.5 million. SEL is developing the 1980 MW Talwandi Sabo Power Project at village Banawala, Mansa-Talwandi Sabo in District Mansa. The project will develop 4 units of 600MW each. If leaving a lasting impact on society serves as motivation for you, a career at Sterlite Power can be very rewarding. Its authorized share capital is Rs. Sterlite produces non-ferrous metals like copper, … [18] 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. Compensation, career history, education, & memberships the CEO of Sterlite Technologies ( Wiki ) Anand. Project performance plant located at Burkhamunda near Jharsuguda town in Jharsuguda district in the event referred as... 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