Sterlite Technologies gains as its arm commissions Jabalpur Transmission Project

Sterlite Technologies is currently trading at Rs. 81.70, up by 1.70 points or 2.13% from its previous closing of Rs. 80.00 on the BSE.

The scrip opened at Rs. 81.50 and has touched a high and low of Rs. 82.50 and Rs. 81.10 respectively. So far 95751 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 109.90 on 04-Aug-2015 and a 52 week low of Rs. 48.45 on 27-Mar-2015.

Last one week high and low of the scrip stood at Rs. 83.10 and Rs. 75.35 respectively. The current market cap of the company is Rs. 3225.92 crore.

The promoters holding in the company stood at 54.84%, while Institutions and Non-Institutions held 13.21 % and 31.92 % respectively.

Sterlite Technologies’ subsidiary - Sterlite Power Grid Ventures (Sterlite Grid) has commissioned its Jabalpur Transmission Project.  On September 12, Sterlite Grid charged 379 Km long 765 kV Double Circuit Dharamjaygarh - Jabalpur Transmission Line, which is the longest 765 kV line in the country.

Earlier in June 2015, Sterlite Grid successfully commissioned the other element of 236 Km Jabalpur - Bina Transmission Line. By commissioning both the elements of Jabalpur Transmission Company (JTCL), Sterlite Grid has become the first private developer to complete 765 kV Double Circuit Transmission System.

Dharamjaygarh - Jabalpur line will allow evacuation of over 5,000 MW of power by adding transmission capacity from power generating plants in Chhattisgarh and Odisha to key load centers in Western and Northern region. This will provide long awaited relief to these power generating centers where thousands of MW remained choked for the need of transmission capacity. Sterlite Grid has already commissioned ENICL (East North Interconnection) and BDTCL (Bhopal Dhule Transmission). With commissioning of JTCL, Sterlite Grid operates over 2,800 circuit KM of EHV transmission lines and 6,000 MVA of transformation capacity across 7 states integrated with national grid. These projects play key role in creating a robust ring for evacuation of electricity in the Western Region.

Sterlite Technologies (STL) develops & delivers solutions for high speed data communication and power transmission networks, globally. STL is among the global leaders in all its business areas through its operations in India, China & Brazil.