Sterlite Power readies $5-7 b investment in transmission business

Sterlite Power Transmission (SPTL), a company that was demerged from Sterlite Technologies in May this year, looks to invest about $5-7 billion over a five-year period in transmission business across the country. However, the investment would depend on allocation of contracts by the Centre and State governments. http://www.thehindubusinessline.com/companies/sterlite-power-aims-to-invest-57-bn-in-transmission-biz/article9188580