Sterlite Power completes merger of Sterlite Power Grid Ventures with itself

Sterlite Power on Wednesday announced completion of merger of its arm Sterlite Power Grid Ventures Ltd with itself.

“Sterlite Power, a leading global power transmission player, has announced the completion of merger of its wholly-owned subsidiary Sterlite Power Grid Ventures Ltd with the parent entity,” the company said in a statement.

With this merger, the company further strengthens its position in the marketplace by integrating operations and streamlining the corporate structure, the statement added.

After the merger, Sterlite Power has announced the audited annual results for the financial year 2019-20 recording outstanding growth in revenue and profit.