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Sterlite Power Secures Funding Worth INR 1373 crore from PFC for NKTL Project

Sterlite Power, a leading power transmission company, has successfully achieved financial closure for its Neemrana II Kotputli Transmission Limited (NKTL) project. The project, secured with funding of ₹1,373 crore from Power Finance Corporation (PFC), a Maharatna Public Sector Enterprise, marks a significant step towards strengthening India’s green energy corridor.

“We are pleased to conclude the financial deal for one of our largest GEC projects with one of India’s largest and most reputed financial institution in the power sector–PFC,” said Raji George, Director-Corporate Finance, Sterlite Power. “This deal is a show of trust by PFC in our capability to deliver some of the most challenging and impactful transmission projects in the country,” he added.

Acquired in November 2023, the NKTL project will be executed on a Build, Own, Operate, and Transfer (BOOT) basis for 35 years. It involves the development of a state-of-the-art 6000 MVA, 765/400kV substation at Neemrana and a 400 kV transmission line network spanning approximately 250 kilometers. This network will establish crucial interconnections, linking the Neemrana substation to the existing Kotputli substation and facilitating a Line-In Line-Out (LILO) integration with the Gurgaon and Sohna substations through the existing Gurgaon-Sohna line.

Sterlite Power’s consistent track record of achieving financial closure for projects within months of SPV acquisition demonstrates the continued trust of the banking and investor community. This success, following the closure of funding for Beawar Transmission Limited in February 2024, further strengthens the company’s commitment to developing critical infrastructure for India’s green energy transition.

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