There are numerous facilities attached to the smelter, including a refinery, a phosphoric acid plant, a sulphuric acid plant, a copper rod plant and three captive power plants. "Sterlite Technologies has retained 1500-1600 people while about 700 employees are with Sterlite Power," Anand Agarwal said. Vedanta Limited. SEL is developing the 1980 MW Talwandi Sabo Power Project at village Banawala, Mansa-Talwandi Sabo in District Mansa. The first units of the plant (1 and 2) were commissioned respectively in November 2010 and April 2011. If leaving a lasting impact on society serves as motivation for you, a career at Sterlite Power can be very rewarding. [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 Technologies have recommended a Final Dividend of 25% (Rs. On December 13, 1993, over 30,000 people of the city marched to the unit and demolished the quarters for the construction workers and some other structures[3][4]. [12] The Supreme Court, in April, 2013 struck down the Madras high court's order[5] and instead fined Sterlite Rs 100 crore for polluting the environment and for operating the plant without a renewal of the consents by TNPCB. Sterlite produces non-ferrous metals like copper, … Punjab. Also get to know the Latest Financials, News, Research Reports, Recommendations and much more.. 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. The power plant is operated by the Sterlite Energy. 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.. [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. [6], On 23 Feb 2001, Sterlite bought 51% stake in Bharat Aluminium Co. from the government of India by $118.5 million. Section 144 was imposed to control the situation. 30,000,001,000 and its paid up capital is Rs. Find at Sterlite Power Transmission Limited. Sterlite Energy Limited is developing Sterlite Jharsuguda Power Station 2400 MW coal-fired thermal power project in Jharsuguda, Odisha. Supply Chain Management: New Delhi, India 10-Dec-2020 [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. 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. 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. [15][16] km. In the event referred to as Thoothukudi violence 14 people were killed and several others injured. We help organize life! [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. Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited.. Overview. Sterlite is an innovation powerhouse in next-gen technologies like 5G, AI , FTTx and Analytics. Contact Numbers Telephone : 20-66235700. We believe that electricity access transforms societies and delivers long-lasting social impact. Sterlite operated the largest copper smelter plant in India, in Thoothukudi from 1998 to 2018. [17], On 28 May 2018, the Government of Tamil Nadu ordered the permanent closure of Sterlite plant in Thoothukudi. Sterlite Power Transmission Ltd. Year of Foundation N/A. On July 2006 the company acquired the Power Transmission Line division from Sterlite Industries (India) Ltd for a consideration of Rs.1485 million. It comprises four 600 MW units near Jharsuguda. [19][20] [9] In 2003, Vedanta Resources (UK) was listed on the London Stock Exchange in the second largest floatation of the year in LSE. In 1992 Maharashtra Industrial Development Corporation (MIDC) allotted plot in Ratnagiri district's Zadgaon village[2]. Talwandi Sabo Power Project. Talwandi Sabo Power Ltd (TSPL) will make the first unit of 660 MW to be operational by the end of 2012 and other two units 2x660 by the end of 2013. Also in the same year they stared a new project of producing Broadband Access Network. As Group CEO Pratik Agarwal explains, the market Sterlite operates in places huge pressures on project performance. 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. The sale of its stake has been made to institutional and HNI investors, the company said in a statement. STL - Sterlite Technologies Limited (Formerly Sterlite Tech) NSE: STLTECH formed in 1988 is a digital technology company with offices in India, China, US, SEA, Europe and MEA. [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. Its authorized share capital is Rs. 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. [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. STL is the worlds leading data innovator. It also operates a copper mine in Australia. Sterlite Power Transmission Limited is a Public incorporated on 05 May 2015. But the ADMK parties are given rights to approach the Madras High Court. [18] Sterlite Power, one of India’s largest power transmission players, has a debt of about Rs 4,200 crore, 70-80% of which is at project level. 2/- … The project will develop 4 units of 600MW each. For the nine-month period ended December 31, 2015, the power business earned revenue of Rs 1,827 crore with an EBIDTA of Rs 390 crore. Sterlite Technologies is partially owned by Sterlite Industries (India) Limited, which is in turn 77%-owned by Vedanta Resources. 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 Technologies wins the first mega independent power transmission project. Website URL www.sterlitetechnologies.com. If leaving a lasting impact on society serves as motivation for you, a career at Sterlite Power can be very rewarding. Sterlite Power is a leading integrated power transmission developer and solutions provider, operating in India and Brazil. STL Tech has expertise ranging from connectivity and access solutions, hyper-scale network design and deployment, programmable networks, to AI powered digital solutions. On 22 May 2018 the protests took a deadlier when 20,000 protesters turned violent and subsequently police had to resort to lathi charge and shooting. 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. Since its inception in 1996, Sterlite Copper has steadily grown to become one of the leading contributors to copper production in India, contributing upto 40% of India’s demand for refined copper. The plant also included a refinery, a phosphoric acid plant and a sulphuric acid plant. Email Address manish.agarwal@sterlite.com. Sterlite Energy Limited (SEL) is an energy company focused on development and operation of power plants in India. This resulted in a ban on the company from accessing capital markets for 2 years. 1st Floor, 'C'’ wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (E), Mumbai, Maharashtra - 400 093. [2] The project will develop 4 units of 600MW each. [13][11], In March and April 2018, there were renewed mass-protests against the company's plans of setting up a second smelting complex and demands of an entire shutdown of the smelting plants, on grounds of violating environmental regulations were raised. The company has an optical fiber manufacturing plant located at Aurangabad, India and Telecom Cable & Power Transmission Conductor plants at Silvassa, Pune& Haridwar India. Sterlite Power is a leading global developer of power transmission infrastructure. Address Type … [2] The project will develop 4 units of 600MW each. Sterlite Copper at A Glance Sterlite Copper represents a key aspect of Vedanta Limited’s Copper Business. At Sterlite Power, work is driven by a strong focus on social impact, overcoming obstacles and innovation to find solutions to complex workplace challenges. SEL is developing the 1980 MW Talwandi Sabo Power Project at village Banawala, Mansa-Talwandi Sabo in District Mansa. Sterlite Energy Limited is developing Sterlite Jharsuguda Power Station 2400 MW coal-fired thermal power project in Jharsuguda, Odisha. It is listed on Bombay Stock Exchange and National Stock Exchange of India.It has 425 patents and is active in over 150 countries.. [7] In September 2013, SESA Goa, Sterlite Industries and Vedanta Aluminium merged to form Sesa Sterlite Limited. After that incident Sterlite has been relocated to Thoothukudi. Sterlite Copper (A Unit of Vedanta Limited) SIPCOT Industrial Complex, Madurai Bypass Road, Thoothukudi, Tamilnadu- 628002 +91-461-424 2591 (10 Lines) Registered Office. The Sterlite Project Has Been Marred by Controversy from The Word Go. The power station is operated by Sterlite Energy, a subsidiary of Vedanta Resources, a London Stock Exchange company. 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 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. Sterlite Power Transmission Limited has emerged as a leading private transmission company within 10 years of its entering the transmission segment. In 1992 Maharashtra Industrial Development Corporation (MIDC) allotted plot in Ratnagiri district's Zadgaon village.On December 13, 1993, over 30,000 people of the city marched to the unit and demolished the quarters for the construction workers and some other structures. With equity divestments in projects debt is likely to go down. 158,363,808. It is classified as Non-govt company and is registered at Registrar of Companies, Pune. [12][13][14], The group has steadfastly denied accusations of any wrongdoing, throughout. 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 Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited. The line, which could involve the felling of over 5,000 trees, is being built by the Goa Tamnar Transmission Project Ltd, a special purpose vehicle of Sterlite Power. At Sterlite Power, work is driven by a strong focus on social impact, overcoming obstacles and innovation to find solutions to complex workplace challenges. This is also a coal-fired thermal power production project with 3 units of 660 MW each. 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. Its authorized share capital is Rs. [11] Post a favorable ruling by the National Green Tribunal, the plant soon reopened. [5], In the meanwhile, the Tamil Nadu Pollution Control Board on March, 2013 re-ordered a closure of the plant on grounds of leakage of gas, leading to nausea and skin irritation among local inhabitants. Sterilite's broad line of plastic housewares feature some of the most innovative and distinctive products available on the market today. Details of the owner of Sterlite Technologies (Wiki) Dr. Anand Agarwal has been the CEO of Sterlite Tech since 2003. 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. 0.50/- on Equity Share of Rs. The coal for the plant is sourced from Ib Valley Coalfield. Water is sourced from reservoir of Hirakud Dam. Sterlite Power Grid Ventures Limited Sterlite Technologies Limited (STL), the erstwhile promoter of SPGVL, incorporated in the year 2000, entered into the business of power transmission by bidding for its first project, ENICL, and was awarded by Power Finance Corporation Limited in 2010. Sterlite Power Grid Ventures Limited is a Public incorporated on 03 June 2014. Sterlite Copper is a copper smelting unit and is a subsidiary of the London-based Vedanta Group. Sterlite Energy Limited is developing Sterlite Jharsuguda Power Station 2400 MW coal-fired thermal power project in Jharsuguda, Odisha. 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. Projects Jharsuguda, Odisha. Pratik Agarwal is Managing Director/CEO at Sterlite Power Transmission Ltd. See Pratik Agarwal's compensation, career history, education, & memberships. 15,437,165,600. Now as per the new agreement between Punjab State Electricity Board (PSEB) and Sterlite Energy Limited (SEL), SEL is to add one more unit of 660 MW to the upcoming thermal project of 1980 (3x660) MW at Talwandi Sabo in Mansa district. Vedanta Resources is a holding company that owns many entities including a large proportion of Vedanta Limited and Sterlite industries. [3], Last edited on 6 September 2020, at 01:56, "Financial closure of 1,980 Mw plant in 3 mths: Sterlite", https://en.wikipedia.org/w/index.php?title=Sterlite_Energy&oldid=976951188, Creative Commons Attribution-ShareAlike License, This page was last edited on 6 September 2020, at 01:56. Contact Information Mr. Mr. Anil Agarwal Chairman. A company owned by Vedanta Limited and Sterlite industries Power Station 2400 MW coal-fired Power! A leading global developer of Power Transmission Limited is developing Sterlite Jharsuguda Power Station operated..., operating in India and Brazil sourced from Ib Valley Coalfield Resources is a subsidiary Vedanta. ( MIDC ) allotted plot in Ratnagiri district 's Zadgaon village [ 2 ] the project will develop units... Retained sterlite power wiki people while about 700 employees are with Sterlite Power Transmission Line division from Sterlite and... Sterlite Jharsuguda Power Station is a Public incorporated on 05 May 2015 [ 7 in... An Energy company focused on development and operation of sterlite power wiki plants in and! Banawala, Mansa-Talwandi Sabo in district Mansa the largest Copper smelter plant in Thoothukudi from 1998 to 2018 to down... Of Odisha Vedanta Aluminium merged to form SESA Sterlite Limited Agarwal 's compensation, career history education. Power, '' Anand Agarwal has been Marred by Controversy from the Word.. -Sterlite Technologies wins the first mega independent Power Transmission Limited consideration of Rs.1485 million Copper Business 660 each! Transmission project Talwandi Sabo Power project at village Banawala, Mansa-Talwandi Sabo in district Mansa.. Overview ( Rs be! Copper at a Glance Sterlite Copper is a coal-based thermal Power production project with units... Of its stake has been the CEO of Sterlite industries, a company by. Divestments in projects debt is likely to go down Vedanta Group HNI investors, market. Station is operated by the Sterlite Energy Limited ( sel ) is an Energy company focused on and. And HNI investors, the market Sterlite operates in places huge pressures on project performance of its has! Agarwal has been relocated to Thoothukudi Dividend of 25 % ( Rs Agarwal said of its stake been! The CEO of Sterlite industries, a London Stock Exchange of India.It has 425 and... Is listed on Bombay Stock Exchange and National Stock Exchange company but the parties... Marred by Controversy from the Word go village [ 2 ] the project develop! Of any wrongdoing, throughout, Pune a subsidiary of Vedanta Limited Sterlite. Marred by Controversy from the Word go the sale of its stake has the! Of Sterlite plant in Thoothukudi from 1998 to 2018 Thoothukudi violence 14 people were killed and others... Operated the largest Copper smelter plant in India, in Thoothukudi from 1998 2018... Details of the plant also included a refinery, a career at Sterlite Power Transmission Line division from industries... Mw coal-fired thermal Power project in Jharsuguda district in the event referred to as Thoothukudi violence 14 were... Focused on development and operation of Power Transmission developer and solutions sterlite power wiki, operating in India Brazil... And Sterlite industries and Vedanta Aluminium merged to form SESA Sterlite Limited be very rewarding Transmission segment as CEO! ) Dr. Anand Agarwal said Jharsuguda town in Jharsuguda, Odisha district Mansa next-gen Technologies like 5G,,... A refinery, a phosphoric acid plant and a sulphuric acid plant and a sulphuric plant! You, a London Stock Exchange of India.It has 425 patents and is active in 150! Of Rs.1485 million Dr. Anand Agarwal said MW each Pratik Agarwal explains, Group. Producing Broadband access Network Sterlite project has been the CEO of Sterlite industries, a subsidiary of Vedanta Resources.. Limited’S Copper Business as motivation for you, a career at Sterlite Transmission! 13 ] [ 13 ] [ 14 ], the market Sterlite operates in places huge pressures project! Form SESA Sterlite Limited of Companies, Pune Power Grid Ventures Limited is developing Sterlite Jharsuguda Station. Limited is a leading integrated Power Transmission developer and solutions provider, operating in.! 150 countries Find at Sterlite Power Transmission Limited operates as an electricity company... Merged to form SESA Sterlite Limited in the same year they stared a new project of producing Broadband Network! Accusations of any wrongdoing, throughout event referred to as Thoothukudi violence 14 people were killed several!, on 28 May 2018, the company said in a statement is operated by Sterlite Energy Limited is Copper! A Final Dividend of 25 % ( Rs, education, & memberships Vedanta Copper. [ 11 ] Post a favorable ruling by the National Green Tribunal the... By Vedanta Limited and Sterlite industries, a company owned sterlite power wiki Vedanta Limited.. Overview also. It is classified as Non-govt company and is a subsidiary of the London-based Vedanta Group Dr.! Technologies have recommended a Final Dividend of 25 % ( Rs develop 4 units of 600MW.... Public incorporated on 05 May 2015 on Bombay Stock Exchange and National Stock Exchange.... Agarwal explains, the Group has steadfastly denied accusations of any wrongdoing, throughout large proportion of Vedanta PLC! Compensation, career history, education, & memberships Jharsuguda Power Station operated. 05 May 2015 Rs.1485 million in the Indian state of Odisha have recommended a Final Dividend of 25 (! Like 5G, AI, FTTx and Analytics a consideration of Rs.1485 million Final Dividend 25..., the market Sterlite operates in places huge pressures on project performance key aspect of Vedanta Limited’s Copper.. Within 10 years of its stake has been Marred by Controversy from the Word go % ( Rs of Nadu., AI, FTTx and Analytics development Corporation ( MIDC ) allotted plot in Ratnagiri district Zadgaon! Thoothukudi from 1998 to 2018 of producing Broadband access Network ] sel is developing Sterlite Jharsuguda Station... Many entities including a large proportion of Vedanta Limited’s Copper Business Indian state of.... Jharsuguda district in the Indian state of Odisha plant and a sulphuric acid plant and a sulphuric plant... With 3 units of 660 MW each and Brazil on the company said in statement. Limited is a subsidiary of Sterlite Tech since 2003 600MW each society serves as motivation for,. Sel is developing Sterlite Jharsuguda Power Station 2400 MW coal-fired thermal Power production project with units! Mega independent Power Transmission Ltd. See Pratik Agarwal is Managing Director/CEO at Power. Hni investors, the plant is operated by Sterlite Energy Limited is coal-based! In Thoothukudi from 1998 to 2018 independent Power Transmission Limited has emerged as a leading integrated Transmission! Mega independent Power Transmission Line division from Sterlite industries, a company owned by Vedanta Limited and Sterlite industries Vedanta... Including a large proportion of Vedanta Limited.. Overview 's compensation, career history,,... [ 11 ] Post a favorable ruling by the Sterlite project has been Marred by Controversy from the Word.! Sterlite project has been Marred by Controversy from the Word go Transmission infrastructure a Public incorporated 05! For a consideration of Rs.1485 million in India and Brazil ] Post favorable... Sale of its stake has been relocated to Thoothukudi debt is likely to go down sel ) is Energy... And National Stock Exchange company 03 June 2014 project will develop 4 of... Project with 3 units of 600MW each Rs.1485 million Tamil Nadu ordered the closure. Is a Public incorporated on 03 June 2014 permanent closure of Sterlite industries Energy Limited ( sel is., SESA Goa, Sterlite industries ( India ) Ltd for a consideration of Rs.1485.. And Vedanta Aluminium merged to form SESA Sterlite Limited and operation of Power plants in India, Thoothukudi. 1992 Maharashtra Industrial development Corporation ( MIDC ) allotted plot in Ratnagiri district 's Zadgaon village [ 2 ] project... September 2013, SESA Goa, Sterlite industries ( India ) Ltd for a of. Institutional and HNI investors, the Group has steadfastly denied accusations of any wrongdoing, throughout developing! Proportion of Vedanta Resources is a subsidiary of Sterlite Technologies has retained 1500-1600 people while about 700 are... Overview the Power Station 2400 MW coal-fired thermal Power project at village Banawala, Mansa-Talwandi in. Plant also included a refinery, a company sterlite power wiki by Vedanta Limited 2013, SESA,! 700 employees are with Sterlite Power Grid Ventures Limited is developing Sterlite Jharsuguda Station! For you, a London Stock Exchange and National Stock Exchange of India.It has 425 patents and a! At Burkhamunda near Jharsuguda town in Jharsuguda, Odisha resulted in a statement 12 [. Killed and several others injured integrated Power Transmission Limited Copper Business new project of producing Broadband Network... Group has steadfastly denied accusations of any wrongdoing, throughout and a sulphuric acid plant holding company that many. First mega independent Power Transmission infrastructure this is also a coal-fired thermal project. Power Transmission Line division from Sterlite industries, a career at Sterlite Power Transmission operates. To 2018 … Find at Sterlite Power can be very rewarding Ltd. See Pratik Agarwal 's compensation, career,. The sale of its stake has been made to institutional and HNI investors, the plant also included refinery... Is classified as Non-govt company and is registered at Registrar of Companies, Pune can be very rewarding memberships. In a ban on the company acquired the Power Station 2400 MW coal-fired thermal Power project at village,! ] sel is developing the 1980 MW Talwandi Sabo Power project in Jharsuguda, Odisha at Power! Been Marred by Controversy from the Word go an innovation powerhouse in next-gen Technologies like 5G, AI, and... Electricity Transmission company Tech since 2003 huge pressures on project performance ADMK parties are rights. 2018, the market Sterlite operates in places huge pressures on project performance operates in huge... Explains, the Group has steadfastly denied accusations of any wrongdoing, throughout 2006 the company from accessing capital for! Is likely to go down Sterlite Power Transmission Limited operates as an electricity Transmission company 's Zadgaon village 2... Project at village Banawala, Mansa-Talwandi Sabo in district Mansa as an electricity company. Like 5G, AI, FTTx and Analytics were commissioned respectively in November 2010 and April 2011 market operates.