(ET)
Sterlite Power Transmission aims to expand its global footprint in power transmission sector to a portfolio worth $10 billion in by 2021-22, and the investment made by KKR in its infrastructure investment trust would play a crucial role in achieving it, a top executive at the power transmission company told.
The company, which has presence in India and Brazil, aims to tap international capital to finance opportunities globally and to scale up the asset under management under parent Sterlite Power, as well as its InvIT, India Grid Trust (IndiGrid). “We aim to have asset under management of $10 billion under Sterlite Power and IndiGrid combined in the next few years — we are halfway there,” Pratik Agarwal, Group CEO of Sterlite Power.
