Sterlite Technologies gains as its arm commissions TBCB-based RAPP Transmission Project

05 Jan 2016 Evaluate

Sterlite Technologies is currently trading at Rs. 96.10, up by 0.55 points or 0.58% from its previous closing of Rs. 95.55 on the BSE.

The scrip opened at Rs. 96.40 and has touched a high and low of Rs. 97.00 and Rs. 95.60 respectively. So far 48206 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. 99.60 and Rs. 95.10 respectively. The current market cap of the company is Rs. 3802.88 crore.

The promoters holding in the company stood at 54.77% while Institutions and Non-Institutions held 15.05% and 30.16% respectively.

Sterlite Technologies’ wholly owned subsidiary -- Sterlite Grid, the largest private operator of independent transmission systems in India, has set a new benchmark by commissioning the Transmission Project to Rajasthan Atomic Power Project (RAPP) ahead of schedule. Since the implementation of the Tariff Based Competitive Bidding (TBCB) regime, this is the first time a power transmission line has been commissioned ahead of schedule. Earlier this year, in order to promote early completion of transmission projects, the Ministry of Power issued an order allowing such projects to earn tariff from the date of actual commissioning. The RAPP Transmission Project will be the first in India to be eligible for early tariff.

The RAPP Transmission Project consists of laying a 200 Km, 400 KV Double Circuit Transmission Line passing through the states of Rajasthan and Madhya Pradesh. It will act as an inter-regional link to strengthen transmission systems associated with RAPP to exchange power between the Northern and Western Grids. The project was completed in less than 12 months from the start of construction and will directly benefit the states of Madhya Pradesh, Punjab and Haryana. The company is also the first Indian developer to deploy aerial technologies such as LiDAR survey and helicopter-aided construction in India, reducing the commissioning time.

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.


Sterlite Technologie Share Price

121.85 3.80 (3.22%)
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