Sterlite Power has been awarded the ‘Útility M&A Deal of the Year’ and ‘Utility Deal of the Year’ in the Best Deals (South Asia) category at The Asset Triple A Asia Infrastructure Awards 2020. Sterlite Power won the ‘Utility M&A Deal of the Year’ award for attracting KKR and GIC as investors to India Grid Trust (IndiGrid). Sterlite Power was the sponsor of IndiGrid, which is India’s first infrastructure investment trust (InvIT) in the power sector. It also won the ‘Utility Deal of the Year’ award for the 15 billion rupees debt financing deal of its NER II Transmission Limited project.
Commenting on the marquee award wins, Mr. Pratik Agarwal, Managing Director, Sterlite Power said, “We are extremely delighted to receive the twin honours from The Asset Triple A Asia Infrastructure Awards. Both the awards put a spotlight on the growing importance of the infrastructure sector to the region’s future as well as the rise of power transmission as an asset class with promising returns.”
The Asset Triple A Awards has over two decades of experience in bestowing pre-eminent recognition on the organisations that have excelled in their respective industry. The awards are built upon a stringent methodology that is combined with a rigorous approach in selecting the best institutions and deals. The awards are adjudicated by The Asset’s Board of Editors and their decisions are supplemented by data analytics produced by Asset Benchmark Research, the region’s leading research organization evaluating client experience standards in the financial services industry.