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    <title>Sterlite Grid 32 raises Rs 2,450 cr via listed NCDs to refinance MUML project</title>
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    <description>Sterlite Grid 32 Limited issued listed non-convertible debentures to refinance the Mumbai Urja Marg Limited transmission project, with institutional bidders from infrastructure finance institutions. The NCDs, rated investment grade, are the company&#039;s first listed issuance after a demerger and joint venture with GIC of Singapore, and the move signals diversification to debt capital markets. The MUML project is a 35 year BOOM concession linking western and northeastern regions to strengthen the Mumbai grid and facilitate large-scale renewable energy evacuation from Rajasthan.</description>
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