Debt

Debt financing

Sterlite Power raises Rs.305-Cr from Aseem Infrastructure Finance for Jammu project

Economic Times  

Sterlite Power has received INR 305 crore from Aseem Infrastructure Finance to set up the Kishtwar Transmission Ltd (KTL) project in Jammu. The project involves construction of a transmission system comprising a 400/132kV GIS sub-station at Kishtwar and a 400 kV transmission line from Kishenpur to Dulhasti. The transmission system will aid evacuation of 1,000 MW of power from Pakaldul Hydro Electric Project to the Kishtwar sub-station. In December 2022, Sterlite acquired the KTL Special Purpose Vehicle. Aseem Infrastructure Finance Ltd is a Non-Banking Financial Company (NBFC) promoted by the Strategic Opportunity Fund (SOF) of National Investment and Infrastructure Fund (NIIF), with anchor investments from the Indian government and Japan's Sumitomo Mitsui Banking Corporation (SMBC).