SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Sterlite Energy mulls IPO to raise Rs 3,000 crore

13 Jul 2009 Evaluate

Sterlite Energy, a wholly-owned subsidiary of Vedanta Group firm Sterlite Industries, may hit the capital market soon with a public offering to raise up to Rs 3,000 crore to part finance its expansion plans. Sterlite Energy is planning to come out with an Initial Public Offer (IPO) in next 3-4 months.

 

The company may dilute up to 10 per cent of its stake to raise about Rs 3,000 crore to fund its expansion programme. Sterlite Energy is working to set up two commercial power projects — a 2,400 Mw plant at Jharsuguda in Orissa and another 1,980 Mw utility in Punjab at an investment of about Rs 15,000 crore.

 

The company has already tied up finances worth Rs 6,150 crore for its Orissa project. In addition, Sterlite Industries is infusing a capital of Rs 2,050 crore. In the first phase, the firm will commission 600 Mw of the 2,400 Mw power plant in Orissa by this September-October.crackcrack
Peers
Company Name CMP
Hindalco 992.25
Vedanta 745.10
Hindustan Zinc 564.10
Jain Resource Recycl 426.95
Gravita India 1558.65
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×