{"id":639780,"date":"2024-03-27T10:33:13","date_gmt":"2024-03-27T05:03:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=639780"},"modified":"2024-03-27T10:33:13","modified_gmt":"2024-03-27T05:03:13","slug":"sterlite-gic-to-set-up-1-billion-jv-for-power-transmission","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sterlite-gic-to-set-up-1-billion-jv-for-power-transmission\/","title":{"rendered":"Sterlite &amp; GIC to set up $1 billion JV for power transmission"},"content":{"rendered":"<p>Vedanta Group&#8217;s privately held power transmission arm Sterlite Power Transmission Ltd (SPTL) and Singapore&#8217;s sovereign wealth fund GIC are jointly setting up a $1 billion platform for the power transmission sector in India, said people aware of the development.<\/p>\n<p>GIC will invest $500 million in the JV for a 49% stake while Sterlite Power will deploy a similar amount for a 51% stake. Both companies are likely to make a formal announcement shortly, the people said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Group&#8217;s privately held power transmission arm Sterlite Power Transmission Ltd (SPTL) and Singapore&#8217;s sovereign wealth fund GIC are jointly setting up a $1 billion platform for the power transmission sector in India, said people aware of the development. GIC will invest $500 million in the JV for a 49% stake while Sterlite Power will deploy a similar amount for a 51% stake. Both companies are likely to make a formal announcement shortly, the people said.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-639780","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/639780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=639780"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/639780\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=639780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=639780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=639780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}