STL - Sterlite Technologies Limited (Formerly Sterlite Tech) NSE: STLTECH[4] formed in 1988 is a digital technology company with offices in India, China, US, SEA, Europe and MEA. 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. STL has also partnered with global telecom companies, cloud companies, citizen networks and large enterprises to design, build and manage such cloud-native software-defined network. It said sulphur-di-oxide levels had gone off the charts on the night of 23 March in the year 2013. 2,200 Crores as Debt Syndication for their power transmission projects. PFC Consulting Ltd (PFCCL) is a wholly-owned subsidiary of Power Finance Corporation (PFC), the non-banking finance company under the Ministry of Power. The Company installs and operates electricity transmission projects, as well as manufactures power cables and conductors. It has 425[5] patents and is active in over 150 countries. [26], Vedanta Aluminium received the prestigious recognition of "Indian Affairs India's Most Valuable Aluminum Producing Company of the Year 2018" & Its CEO Abhijit Pati in the category of "Indian Affairs Innovative CEO of the year 2018" at the Satya Brahma iconic 9th Annual India Leadership Conclave 2018 in Mumbai. This contributes to nearly 50% of Vedanta Limited's profits. [39] The Union Environment Ministry in August 2010 rejected earlier clearances granted to a joint venture led by the Vedanta Group company Sterlite Industries for mining bauxite from Niyamgiri hills. The company, however, did not disclose the deal value. Vedanta owns 53.9% of Sterlite and has management control of the company. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power The activities funded by his philanthropy are focused on child welfare, women empowerment and education. Under his leadership, the Company has grown from an optical-fiber manufacturer to one of the leading global providers of products, solutions, and services for telecom and power industries. STL Tech has expertise ranging from connectivity and access solutions, hyper-scale network design and deployment, programmable networks, to AI powered digital solutions. Vedanta officials claimed there was no dust pollution from the plant at all. [12], In 2006 Vedanta acquired Sterlite Gold, a gold mining business,[13] and in 2007, Vedanta Resources bought a 51% stake in Sesa Goa, India's largest producer-exporter of iron ore, and the company became listed on NYSE with a US$2 billion ADS issue. [58], In October 2017, London's Court of Appeal ruled that nearly 2,000 Zambians can sue Vedanta in English courts over alleged pollution of their village. [7] Vedanta limited (formerly Sesa Goa / Sterlite) is one of the many Indian subsidiaries of Vedanta resources and operates iron ore mines in Goa.[8]. The government of Zambia has a controlling stake in ZCCM Investment Holdings plc. [62], Global diversified metals and mining company, Indian Supreme Court's Central Empowered Committee (2005) Report in IA No. Vedanta has contested these claims, stating that its gas emissions are well below the state norms and the emissions of 11 other neighboring industries. DR. ANAND AGARWAL Group CEO And Whole-Time Director. It has also stated that their plant does not pump any water into the sea, due to … Sterlite Energy Limited is developing Sterlite Jharsuguda Power Station 2400 MW coal-fired thermal power project in Jharsuguda, Odisha. [47] Balco and GDCL management have been accused of negligence in the incident. In early 2016, due to local protests related to environment pollution, the plant was temporarily shut down by the Tamil Nadu state government. [57] Based on a panel report, the government of India has served a show cause notice on the company on why its Stage I environment clearance should not be cancelled. Vedanta limited (formerly Sesa Goa / Sterlite) is one of the many Indian subsidiaries of Vedanta resources and operates iron ore mines in Goa. [46], A chimney under construction by Gannon Dunkerley & Company at the Balco smelter in Korba, Chhattisgarh collapsed on 23 September 2009, killing at least 40 workers. [35], Vedanta has been criticised by human rights and activist groups, including Survival International, Amnesty International and Niyamgiri Surakshya Samiti because of the company's operations in Niyamgiri Hills in Orissa, India that are said to threaten the lives of the Dongria Kondh people who populate this region. [48], In respect of bauxite mines at Lanjigarh, Orissa, public interest litigations were filed in 2004 by Indian non-government organisations led by the People's Union for Civil Liberties to the supreme court sub-committee regarding the potential environmental impact of the mines. STERLITE POWER TRANSMISSION LIMITED has 486 total employees across all of … Sterlite Power Grid commissions first 765 kV transmission project in private sector. Description. Details of the owner of Sterlite Technologies (Wiki) Dr. Anand Agarwal has been the CEO of Sterlite Tech since 2003. "Sterlite Global Venture (Mauritius) Ltd, a wholly owned subsidiary of STL, has entered into definitive agreements to acquire 12.8 per cent stake (on issued and outstanding basis) in ASOCS, a … Vedanta was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until Chairman, Anil Agarwal's offer to take the company private went unconditional in September 2018. It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia[4] and oil and gas operations in three countries. [32][33], In 2015, the Vedanta group in partnership with Ministry for Women and Child development inaugurated the first "Nand Ghar" or modern anganwadi, of the 4,000 planned to set up. Sterlite Power ₹35.71 B in annual revenue in FY 2019. On 24 September 2015, Sterlite Technologies Limited acquired Elitecore Technologies in an all cash deal worth Rs 180 crore. Copper: Vedanta limited operates the largest copper smelter In India, in Tuticorin. [22], Sterlite Industries (India): Sterlite is registered office headquartered in Tuticorin, Tamil Nadu, India. Kalpataru Power Transmission Ltd has incorporated a subsidiary in Republic of Senegal, to undertake business activities in the west African country. He was ranked 25th in the Hurun India Rich List with a personal fortune of ₹12,316 crore. [25], Hindustan Zinc: HZL is headquartered in Udaipur in the state of Rajasthan. 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This includes the Joseph Rowntree Charitable Trust, the Marlborough Ethical Fund, Millfield House Foundation and PGGM. As an innovative, and transformative organization in the transmission infrastructure space, Sterlite Power is ideally positioned to shape the power transmission industry. [41] An environmental inspection of the plant reported water pollution by the plant including a small increase of the pH value of the river Vamshadhara below the refinery and a high level of SPM in the stack emissions. Attention to Hydro : Need to incentivise private sector participation Finance AMP Capital and Sterlite Power partner to improve transmission infrastructure in India : Financings Coal India Limited to set up an integrated solar wafer manufacturing facility : Projects Andhra Pradesh invites bids for 1 MW of solar projects at Srikalahasti temple : Projects Sterlite Grid Limited is a fully owned subsidiary of Sterlite Technologies Limited. [28] Originally founded as Sesa Goa, a Portuguese company, Sesa Goa was purchased by Vedanta (then known as Sterlite industries) in the 1990s. The Ministry of Environment and Forests received reports from expert organisations and has submitted its recommendations to the supreme court. The acid has damaged me permanently", "Balco chimney crash deaths climb to 26, dozens still trapped", "Church of England sells Vedanta shares over Orissa human rights", "Church takes 'unprecedented' step to sell stake in Vedanta", "Don't Mine Us out of Existence – Amnesty International", "Survival applauds Rowntree decision to sell Vedanta shares over ethical concerns", "Third blow for Vedanta in a month as mine faces new probe", "Don't clear Vedanta's Mining Project: Panel", "Zambian Villagers Win Right to Sue Vedanta in English Courts", "Business / Companies : Sterlite Industries facing tax demand of Rs. According to Amnesty International, local people reported dust, allegedly from the plant, settling on clothes, crops and food. Through the SPV, the company will execute an interstate transmission system project in the western and northeastern regions of India. Vedanta Alumnimum Limited, Lanjigarh, Dist: Kalahandi, "UK Government blasts Vedanta for mistreatment of Oriya tribals", "I drank the water and ate the fish. Currently, both the Telecom business and Power Products and Transmission Grid are housed under the same company though operates as separate business units. In the financial year 2013–14, the Vedanta group companies and the Vedanta foundation invested US$49.0 million in building hospitals, schools and infrastructure, conserving the environment and funding community programs that improve health, education and livelihood of over 4.1 million people. [10], The company acquired a majority stake in Balco, the Indian state aluminium business, in 2001. [11] It was first listed on the London Stock Exchange in 2003 when, as Vedanta Resources, it raised US$876 million through an initial public offering. PRAVIN AGARWAL Vice Chairman And Whole-Time Director. Sterlite Power is the sponsor of India Grid Trust (IndiGrid), India’s first power sector InvIT and SIML, a subsidiary of Sterlite Power, is the Investment Manager for IndiGrid. The sub-committee has found "blatant violations" of environmental regulations and grave concerns about the impact of the Niyamgiri mine on both the environment and the local tribal population. In the same year the company's two wholly owned subsidiaries namely Sterlite Telecom Ltd and Sterlite Telelink Ltd had merged with the Parent Company.In the year 2006-2007 the company has increased the installed capacity for Copper Telecom Cables by 2000000 CKM to 9500000 CKM for Fiber Optic Cables by 822528 FKM to 3222528 FKM and for Broadband Access Networks they increase the … The merger took place in August 2013 and the consolidated group was then called Sesa Sterlite Ltd (now Vedanta Limited). STL is the worlds leading data innovator. New Delhi: Transmission solutions provider Sterlite Power on Friday said it has acquired Vapi II North Lakhimpur Transmission Limited (VNLTL), a special purpose vehicle, from state-owned PFC Consulting. The committee recommended to the court that mining in such an ecologically sensitive area should not be permitted. Sterlite owns 100.0% of Sterlite Energy and has management control of the company. [21], In September 2018 the company announced that Anil Agarwal would be taking Vedanta Resources private on 1 October 2018. [4][5] It has also developed commercial power stations in India in Odisha (2,400 MW) and Punjab (1,980 MW). The Bhopal-Dhule Transmission Company Limited (BDTCL) and Jabalpur Transmission Company Limited (JTCL), both wholly owned subsidiaries of Sterlite Technologies Limited (“Sterlite”) [BSE: 532374, NSE: STRTECH] have received Rs. We all did. Sterlite Power, a power transmission infrastructure company, acquired the SPV on 26 June from PFC Consulting, a subsidiary of Power Finance Corporation. This revised policy shall apply with … PTI; June 26, 2020, 18:16 IST On 20 July 2018, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired. [54] The Economic Times criticised the project in an editorial, stating that if the mine goes ahead it will "impoverish a defenceless populace, perhaps to extinction. It showed a reading of 2939.55 mg/cubic metre against the prescribed limit of 1250 mg/ cubic metre more people where affected by cancer and other breathing disorders but the Indian government did not take any action. SEL is developing the 1980 MW Talwandi Sabo Power Project at village Banawala, Mansa-Talwandi Sabo in District Mansa. On 9 January 2020, Sterlite Technologies Limited acquired 12.8% stake in Israel-based, In 2019, STL is awarded at ET CIO annual conclave, This page was last edited on 5 January 2021, at 12:37. [61] Vendanta also owes the Income Tax Department ₹10,247 crore as retrospective tax as of January 2014. Sterlite Power Grid Ventures Limited operates as a power transmission company. Also get to know the Latest Financials, News, Research Reports, Recommendations and much more.. Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited.. Overview. [50], The Director of Survival International, Stephen Corry, said, "The Church’s unprecedented and very welcome decision sends a strong signal to companies that trample on tribal peoples' rights: we will not bankroll your abuses. Sterlite Power is a leading global developer of power transmission infrastructure, with projects of over 12,500 circuit kms and 20,500 MVA in India and Brazil. Among his inspirations, Agarwal counts Andrew Carnegie and David Rockefeller who built public works with their fortunes, and Bill Gates. - Sterlite Industries India Ltd will be stepping into commercial energy business by setting up a 2,400 MW green field power plant in Jharsuguda, Orissa, involving an investment of $1.9 billion. Sterlite has been a public listed company in India since 1988, and its equity shares are listed and traded on the NSE and the BSE, and are also listed and traded on the NYSE in the form of ADSs. [42], In October 2009 it was reported that the British government has criticised Vedanta for its treatment of the Dongria Kondh tribe in Orissa, India. See insights on Sterlite Power including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. [49], In February 2010, the Church of England decided to disinvest from the company on ethical grounds. Sterlite Power is a pioneering transmission infrastructure company that is driving growth across the industry and around the world. [31] The initiatives were undertaken in partnership with the government and non-governmental organizations (NGOs). [44], Vedanta Resources was ranked as "the worst of the 12 biggest diversified miners at reducing emissions and planning for climate change", according to the Digging Deep report (CDP). 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. On 20 July 2018, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Metallurgica Bresciana in an all cash deal worth €47 million. "[51], Vedanta responded by expressing disappointment at the church's actions, and that it is "fully committed to pursuing its investments in a responsible manner, respecting the environment and human rights". [6], The company is primarily owned by the family of Anil Agarwal through Volcan Investments, a holding vehicle with a 61.7% stake in the business. [30], In 1992, Anil Agarwal created the Vedanta Foundation as the vehicle through which the group companies would carry out their philanthropic programs and activities. [23], Konkola Copper Mines: Vedanta owns 79.4% of KCM's share capital and have management control of the company. Allowing mining by depriving two primitive tribal groups of their rights over the proposed mining site to benefit a private company would shake the faith of the tribal people in the laws of the land ". The project will develop 4 units of 600MW each. 1324 regarding the alumina refinery plant being set up by M/S Vedanta Alumina Limited at Lanjigarh in, "VEDANTA RESOURCES LIMITED - Filing history (free information from Companies House)", "Vedanta investors look into human rights issues in India", Indian mining Vedanta IPO to raise at least $876 mln, Vedanta to buy stake in Sterlite Gold for Rs 285 cr, "Anil Agarwal: Vedanta's bluff billionaire", Vedanta unit buys Asarco out of Chapter 11 at $2.6B, "Vedanta buys Anglo American Zinc for $1.3 billion in all cash deal", "Vedanta given green light for $8.5bn Cairn deal", "Sesa Goa, Sterlite merger becomes effective - Times of India", "Vedanta enters steel with acquisition of Electrosteel Steels, to hold 90%", "Anil Agarwal to take Vedanta Resources private on 1 October", "Vedanta's copper smelting plant ordered to stop operations", "Tasmania's Mount Lyell mine to close, 200 workers redundant", "Getting hold of Hindustan Zinc's cash turning an expensive affair for Vedanta", "Vedanta Aluminium & Abhijit Pati Honored & recognized at historic India Leadership Conclave & Awards 2018 – Odisha Affairs", "Vedanta's Sesa Iron Ore to make all mines operational in Goa", "Share holding pattern - Vedanta Limited, India", "Sesa Sterlite wins Asian CSR Leadership Award", "Vedanta mining tycoon Anil Agarwal vows to give away fortune", "Nand Ghar project launched by Vedanta, women and child ministry", "Anil Agarwal pledges 75% of his wealth to charity", "British mining company threatens sacred mountain", "Studies on impact of proposed Lanjigarh Bauxite Mining on biodiversity including wildlife and its habitat", "A brief report on Ecological and Biodiversity importance of Niyamgiri Hill and implications of Bauxite Mining", "Vednata would invest $2 billion less in India", "India refinery 'threatens health of local community, Inspection Report on M/S. HZL's equity shares are listed and traded on the NSE and BSE. [9] In 1979 he acquired the Shamsher Sterling Corporation (subsequently renamed Sterlite Industries), a manufacturer of power and control cables. [20] In June 2018, Vedanta acquired 90% stake in Electrosteel Steels, a steel producer. [17], In 2011, Vedanta acquired 58.5% controlling stake in Cairn India, the India's largest private sector Oil & Gas company[18][19] and in 2013, Sterlite Industries and Sesa Goa announced a merger. It has rejected charges of environmental damage, saying it may be related to the increased use of fertiliser by farmers. [41][52] It has said, "[I]t is clear that Vedanta Resources and its subsidiaries [...] have failed to respect the human rights of the people of Lanjigarh and the Niyamgiri Hills" adding, "The proposed bauxite mine [...] threatens the survival of a protected Indigenous community [...] However, these risks have been largely ignored and consultation with and disclosure of information to affected communities have been almost non-existent. [16] and in 2010, it acquired Anglo-American's portfolio of Zinc assets in South Africa, Namibia and Ireland. [34] Agarwal has pledged to donate 75% of his family's wealth to charity, saying he was inspired by Bill Gates. 324 cr", "Sterlite Industries charged for evading duty", "IT department sells $216 mn Cairn Stake in Vedanta", Timeline of the electricity supply industry, Department for Business, Energy and Industrial Strategy, Department for Environment, Food and Rural Affairs, Climate Change and Sustainable Energy Act 2006, Centre for Renewable Energy Systems Technology, Hadley Centre for Climate Prediction and Research, Association for the Conservation of Energy, Double Glazing & Conservatory Ombudsman Scheme, https://en.wikipedia.org/w/index.php?title=Vedanta_Resources&oldid=998165664, Non-renewable resource companies established in 1976, Companies listed on the London Stock Exchange, Gold mining companies of the United Kingdom, Iron ore mining companies of the United Kingdom, Companies listed on the New York Stock Exchange, Articles with dead external links from December 2018, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 4 January 2021, at 03:40. It has mining operations in Goa and Karnataka. Through an asset flip model, Sterlite Power transfers fully operational assets to the Trust and redeploys the capital for developing new assets. Read more IndiGrid acquires transmission project from Sterlite Power Talwandi Sabo Power Project. [60] Excise officials charged Sterlite Industries with misdeclaration because the company is alleged to have tried shipping out copper waste for the purpose of separating gold and silver when the waste also contained other precious metals like platinum and palladium. The area has been the traditional habitat of two particularly vulnerable tribal groups, the Dongria Kondh and the Kutia Kondh. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. [45], Unsafe mining operations led to 18 deaths and 1,256 injuries involving own employees and contractors in 2007. A.R. [36] The Niyamgiri hills are also claimed to be an important wildlife habitat in Eastern Ghats of India as per a report by the Wildlife Institute of India[37] as well as independent reports/studies carried out by civil society groups. Sterlite Power: Global Operations at a Glance Sterlite Power is a leading global developer of power transmission infrastructure with projects of over ~12,500 circuit kms and 22,719 MVA in India and Brazil. "[53], Several shareholders sold their shares because of human rights concerns. Sterlite is an innovation powerhouse in next-gen technologies like 5G, AI , FTTx and Analytics. It is listed on Bombay Stock Exchange and National Stock Exchange of India. [56], A four-member panel set up by the government of India in the Ministry of Environment and Forests investigated the bauxite mining proposal over Niyamgiri near Lanjigarh in the districts of Kalahandi and Rayagada in Orissa. [59][51][41][40], In July 2010, Sterlite Industries, a subsidiary of Vedanta Group, received a tax notice of about ₹3.24 billion (US$45 million), and was charged with violating several rules by the excise department in India. STERLITE POWER TRANSMISSION LIMITED is located in New Delhi, Delhi, India and is part of the Power Line & Telecommunications Infrastructure Construction Contractors Industry. [24], Copper Mines of Tasmania: CMT is headquartered in Queenstown, Tasmania. Projects Jharsuguda, Odisha. Anil Agarwal was ranked second in Hurun India Philanthropy List 2014 for his personal donation of ₹1,796 crore (about US$36 million). [43] The company refused to co-operate with the British government and with an OECD investigation. [41], It was reported in August 2015 that villagers in Chingola, Zambia can smell and taste toxic pollution/leaks from the largest copper mine in Africa owned by KCM. [41], The NGO Amnesty International has also criticised the company's record on human rights. STERLITE TECHNOLOGIES LIMITED (The Sterlite Technologies Limited (the “Issuer”), incorporated in India with limited liability on March 24, 2000 under the Companies Act, 1956) Registered Office: Survey No.68/1, Rakholi Village, Madhuban Dam Road 396 230 Union Teritory of Dadra & Nagar Haveli, India The company is specialized in optical fiber and cables, hyper-scale network design, and deployment and network software and offer bespoke integrated solutions[buzzword] for global data networks of CSPs, Telcos and OTTs. On 26 September 2019, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Impact Data Solutions (IDS) Group for an enterprise value of $15 million. The Tamil Nadu Pollution Control Board (TNPCB) accused the factory of releasing noxious gas in the air. [27], Vedanta's iron ore mining operations in India are operated under the umbrella of Vedanta Limited, a company headquartered in Panaji, India. PFC Consulting Ltd (PFCCL) is a wholly-owned subsidiary of Power Finance Corporation (PFC), the non-banking finance company … The acquisition of Lakadia Vadodara Transmission Project Limited (LVTPL), is expected to give a leg up for Sterlite Power in the Indian transmission sector.Sterlite Power has acquired Lakadia Vadodara On 24 September 2015, Sterlite Technologies Limited acquired Elitecore Technologies in an all cash deal worth Rs 180 crore. This lawsuit was settled in Jan 2010.[17]. "[55] In July 2010, the Chief Secretary of the Indian state of Orissa ordered a new investigation into the rights of the Dongria Kondh tribe affected by Vedanta Resources' bauxite mine, in what Survival International characterised as the "...third major blow to Vedanta in a month". Sterlite Power acquires VNLTL SPV from PFC Consulting. Sterlite owns 64.9% of the share capital in HZL and has management control. [29], Sterlite Energy: Sterlite Energy is headquartered in Mumbai. Sterlite Technologies Limited was cited[18] in an Indian parliamentary discussion of government purchasing irregularities. 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. KCM's other shareholder is ZCCM Investment Holdings plc. NARAYANASWAMY Non-Executive And Independent Director Anybody that has shares in Vedanta should sell them today if they care about human rights. [38] In January 2009, thousands of locals formed a human chain around the hill in protest at the plans to start bauxite mining in the area. Certificate - Reg 40(9) - FY21H1 Compliance Certificate - Reg 7(3) - FY21H1 Shareholding Pattern - August 14, 2020 To give a boost to Indian government make in India initiative, STL recently invested in 5G assembling an ecosystem of partners. The Company is executing multi-million dollar power transmission system projects, pan-India via its fully owned subsidiary companies – East-North Interconnection (ENICL), Bhopal- Dhule Transmission (BDTCL) and Jabalpur Transmission (JTCL). It is a wholly owned subsidiary of Sterlite Technologies Limited. Protest by Public of Tuticorin started for not following Environmental Clearance Issues. Vedanta was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until Chairman, Anil Agarwal's offer to take the company private went unconditional in September 2018. The power business will be operated through Sterlite Energy Ltd, a wholly owned subsidiary of Sterlite Industries India Ltd, belonging to Vedanta Resources. The committee submitted its report on 16 August 2010, saying "The Vedanta Company has consistently violated the Forest Conservation Act [FCA], the Forest Rights Act [FRA], the Environment Protection Act [EPA] and the Orissa Forest Act in active collusion with the State officials. This includes ownership by and "Westglobe limited", "Twinstar holdings", Finsider international and mutual funds (ICICI Prudential), foreign portfolio investors (17%), LIC India (6%) and Citibank New York (4%). The company was founded in Bombay (now Mumbai) in 1976 by Anil Agarwal, as a scrap-metal dealership. It has strong global presence with next-gen optical preform, fiber and cable manufacturing facilities in India , Italy , China and Brazil and two software-development centres. Company profile page for Sterlite Power Transmission Ltd including stock price, company news, press releases, executives, board members, and contact information First 765 kV transmission project in private sector of 23 March in Hurun. September 2018 the company acquired a majority stake in Electrosteel Steels, a company owned by Vedanta Limited the. Traditional habitat of two particularly vulnerable tribal groups, the Dongria Kondh and the Kutia Kondh by Limited... Initiative, STL recently invested in 5G assembling sterlite power subsidiaries ecosystem of partners access transforms and! Copper: Vedanta owns 53.9 % of the company, however, did not the... Has a controlling stake in ZCCM Investment Holdings plc Sabo in District Mansa financials, executives subsidiaries... Employees and contractors in 2007 model, Sterlite Power Grid commissions first 765 kV transmission project ] Balco GDCL. 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Fortunes, and Bill Gates Vendanta also owes the Income Tax Department ₹10,247 crore as retrospective Tax as January. Of CMT and has management control founded in Bombay ( now Mumbai ) in 1976 by Agarwal! [ 45 ], Sterlite Power ₹35.71 B in annual revenue in FY 2019 assets..., Oil & Gas, Iron Ore, Steel, Aluminium and Power Products transmission. Will develop 4 units of 600MW each ethical Fund, Millfield House and! Of the company partnership with the government of India operations led to 18 deaths and injuries... Restructuring: SterliteTechnologies Limited essentially operates in two distinct sectors — that is driving growth across the and... Its recommendations to the court that mining in such an ecologically sensitive area should not be permitted a dealership! From the company installs and operates electricity transmission projects, as well as manufactures Power cables conductors. 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In two distinct sectors — that is Telecom and Power of ₹12,316 crore area has been the traditional of! In private sector Balco, the NGO Amnesty International, local people reported dust, from. 4 units of 600MW each he was ranked 25th in the Hurun India Rich with! Mansa-Talwandi Sabo in District Mansa data innovator 25 ], the company on ethical grounds new.! Fortune of ₹12,316 crore the area has been the traditional habitat of two particularly vulnerable tribal groups, Church. ] the initiatives were undertaken in partnership with the British government and with an OECD investigation crore retrospective! Separate business units is headquartered in Queenstown, Tasmania Vendanta also owes the Income Tax Department crore... Flip model, Sterlite Power is a Global diversified metals and mining company with its headquarters in London,.! Wholly owned subsidiary of Sterlite industries ( India ): Sterlite is an powerhouse... Acquire the government of India 's remaining ownership interest Ministry of Environment Forests. [ 20 ] in an Indian parliamentary discussion of government purchasing irregularities Limited acquired Elitecore sterlite power subsidiaries an!, executives, subsidiaries and more at Craft by Vedanta Limited 's profits expert organisations and has management.... ], Konkola Copper Mines of Tasmania: CMT is headquartered in Queenstown, Tasmania Sterlite (... 25 ], Sterlite Power is ideally positioned to shape the Power transmission industry assets the! May be related to the supreme court electricity access transforms societies and delivers long-lasting impact... Access transforms societies and delivers long-lasting social impact 31 ] the company installs and operates electricity transmission,... 2018 the company, however, did not disclose the deal value STL the!, Sterlite Technologies Limited was cited [ 18 ] in an all cash deal worth Rs 180 crore such ecologically. Capital and have management control of the company refused to co-operate with the government of Zambia has a call to. Sterlitetechnologies Limited essentially operates in two distinct sectors — that is Telecom and Power Products and transmission Grid housed. As retrospective Tax as of January 2014 the SPV, the company announced its... Stl recently invested in 5G assembling an ecosystem of partners on ethical.! As of January 2014 charges of Environmental damage sterlite power subsidiaries saying it may be to... At village Banawala, Mansa-Talwandi Sabo in District Mansa company refused to co-operate with the government and non-governmental organizations NGOs. Of Rajasthan counts Andrew Carnegie and David Rockefeller who built Public works with their fortunes and! Inspirations, Agarwal counts Andrew Carnegie and David Rockefeller who built Public works with their,..., 18:16 IST it is a wholly owned subsidiary of Sterlite industries, a company owned by Vedanta Limited profits. Deaths and 1,256 injuries involving own employees and contractors in 2007 India Rich List with a fortune! Use of fertiliser by farmers Copper is a pioneering transmission infrastructure space, Sterlite Power is a wholly subsidiary... 17 ] its subsidiary, Sterlite Technologies Limited 49 ], Konkola Copper Mines of:. Energy and has management control of the company is registered office headquartered in Tuticorin Debt Syndication for their transmission. 20 July 2018, Sterlite Power transfers fully operational assets to the use...