Sterlite Power secures Rs 580 crore funding for Udupi-Kasargode Transmission Project
Sterlite NSE 2.43 % Power on Wednesday said it has secured funding worth Rs 580 crore from REC Ltd for its Udupi Kasargode Transmission Project. In a statement, the company said it has completed the successful financial closure of the project set up by Udupi-Kasargode Transmission Project Ltd (UKTL).
The Inter-State Transmission System project spanning across the southern states of Karnataka and Kerala.
It is made up of two critical elements, including a 1000 MVA 400/220 kV Gas Insulated Substation (GIS), one of the first GIS substations to be built at Kasargode, as per the statement.
