KKR, a global investment firm, and Serentica Renewables (Serentica), a decarbonization platform that seeks to enable the energy transition by providing complex clean energy solutions for energy-intensive, hard-to-abate industries, today announced the signing of definitive agreements under which KKR will invest $400 million in the Company. Serentica looks to deliver round-the-clock clean energy solutions for large-scale, energy-intensive…
Sterlite Power, a private sector power transmission infrastructure developer and solutions provider, has announced acquisition of 64.98% equity stake in Maharashtra Transmission Communication Infrastructure Limited(MTCIL) – a joint venture with Maharashtra State Electricity Transmission Company Limited (MSETCL). MTCIL is a Public Private Partnership for OPGW (Optical Ground Wire) Fiber networks operating on a ‘BOOM’ model.…
Sterlite Power Brasil, a subsidiary of the Indian corporation Sterlite Power Transmission Ltd, a company that develops energy transmission projects, announced the issuance of debentures on the total amount of R$ 600 million. Banco Modaland Banco Itaú BBA coordinated the transaction, which reinstates Sterlite’s long-term commitment to Brazil and reinforces the company’s position in the energy sector. The first issuance of…
Sterlite Power announced the elevation of Manish Agarwal as CEO of Infrastructure business, in addition to his existing role as CEO for the Solutions Business. In this new role, Agarwal will be responsible for both the greenfield and brownfield transmission business of the company in India. He has been associated with the Sterlite Group for…
Sterlite Power, a leading global developer of power transmission, announced the appointment of Amitabh Prasad as CEO, Sterlite Power Brazil, effective February 1st, 2021. After two years of association with the company in various leadership positions, Ricardo Cleber Zangirolami has decided to step down from the CEO position due to personal reasons. According to the…
Sterlite Power, a global power transmission company, said it has raised Rs 200 crore in debt financing from Allianz Global Investors, according to PTI report. Sterlite Power has raised Rs 200 crore in debt financing from Allianz Global Investors (Allianz GI) – one of the world’s leading investment managers with focus on sustainable investments, a…
School of Accelerated Learning (SOAL), an alternate system of education that employs research and feedback driven methodologies to enable deeper and meaningful learning of future ready skills, announced that it has raised $1 million in Series A-1 funding from SARA Investments, the investment arm of the promoters of Munjal Auto Industries Ltd. The Mumbai-based startup…