Sterlite Energy IPO Soon - filed by Sterlite Industries
Sterlite Industries filed regulatory application for an initial public offering of Sterlite Energy to raise up to Rs 5100 crore.
Sterlite Energy intends to use the net proceeds from the initial public offer (IPO) to partially finance the construction and development of power projects in Jharsuguda and Talwandi. Sterlite Energy is engaged in the commercial power generation business and is currently developing two thermal power projects in India in Jharsuguda, Orissa and Talwandi, Punjab, with a combined proposed installed capacity of 4,380 megawatts.
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