Sterlite Power has announced acquisition of 64.98% equity stake in Maharashtra Transmission Communication Infrastructure Limited (“MTCIL”) – a joint venture with Maharashtra State Electricity Transmission Company Limited (“MSETCL”).
Commenting on the acquisition, Pratik Agarwal, Managing Director, Sterlite Power, said, “OPGW fiber networks offer a reliable data delivery solution and help leverage the existing power utility infrastructure for telecommunications purposes. We intend to replicate this PPP OPGW model in other parts of the country. Such large-scale OPGW fiber roll-out is essential to achieve the ‘Digital India’ vision aimed at transforming the country into a digitally empowered society and knowledge economy.”