Vedanta’s Sterlite Said to Transfer Three Power Projects to GIC Venture
- Power transmission projects in India still under development
- Sterlite has formed JV with Singaporean sovereign wealth fund
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Sterlite Power Transmission Ltd., a privately-held unit of mining company Vedanta Ltd., has transferred three Indian power transmission projects into its joint venture with Singaporean sovereign wealth fund GIC Pte, according to people familiar with the situation.