Sterlite Power secures Rs 2K cr funding to execute Lakadia Vadodara project

Date posted: Thursday 12 March 2020

Sterlite Power said it has secured Rs 2,024 crore funding from IndusInd Bank and L&T Infrastructure Finance to execute Lakadia Vadodara transmission project. Sterlite Power has achieved financial closure for its Lakadia Vadodara Transmission Project Ltd (LVTPL), it said in a statement. According to the statement, this project is part of India’s Green Energy Corridor (GEC) and will enable the country’s renewable energy target of achieving 175 GW by 2022.

(Economic Times)