Sterlite Power completes merger of Sterlite Power Grid Ventures with itself

Sterlite Power has completed the merger of its wholly-owned subsidiary Sterlite Power Grid Ventures Limited with the parent entity. ….

With this merger, the company has strengthened its position in the marketplace by integrating operations and streamlining the corporate structure. Sterlite Power’s consolidated revenue grew by 44 per cent year-on-year (y-o-y) at Rs 51.58 billion in 2019-20 and consolidated net profit grew by 280 per cent y-o-y at Rs 9.42 billion during the same period.

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