Mumbai: The flagship company of Vedanta Group, Sterlite Industries (India) Ltd said that it would take part in coal-based power generation projects and other ancillary actions through its subsidiary, Sterlite Energy Ltd.

The company said that it would raise funds to support its recent plans, and it is looking at different financing alternatives for these projects, which includes issuance of equity and incurrence of debt.

In a declaration, the company said that the power generation projects may comprise ultra-mega power projects declared by central as well as state governments or state-owned utilities.

The projects would be developed independently by Sterlite Energy and have total capacity of 10,000 mega-watts.