Sterlite Industries, India's largest non-ferrous metals and mining company, has informed that its wholly owned subsidiary Sterlite Energy has filed Draft Red Herring Prospectus (DRHP) with SEBI. Pursuant to this, Sterlite Energy proposes an initial public offering (IPO) of its equity shares to raise Rs 5100 crore. The company intends to utilize the net proceeds from the Offering to partially finance the construction and development of power projects in Jharsuguda and Talwandi and general corporate purposes.

Sterlite Energy is engaged in the commercial power generation business in the country and presently developing two thermal power projects in India at Jharsuguda
(Orissa) and Talwandi (Punjab) respectively, with a combined proposed installed capacity of 4,380 MW. The Equity Shares of Sterlite Energy are proposed to be listed on BSE and NSE.

Kotak Mahindra Capital Company Limited, Enam Securities Private Limited, J. P. Morgan India Private Limited and Morgan Stanley India Company Private Limited are acting as the Global Co-coordinators and Book Running Lead Managers to the IPO.