Tag: FY2425
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Insights into the Formation of Resonia by Sterlite Grid 5: FY24–25
If you look only at Sterlite Grid 5’s consolidated P&L, you’ll see a big loss.But a closer reading reveals something very different. The Indian business is profitable.The trouble lies entirely in the old Brazil exposure. Here’s what the annual report actually tells us. A Transmission Powerhouse at Its Core Sterlite Grid 5 (SGL 5) is…