Sterlite Energy Limited, of the Vedanta Group, has won the bid to develop India’s first ultra-mega-power transmission project, which is aimed at bringing surplus power from the country’s eastern states and the North-East to the northern region.

Anil Dhirubai Ambani’s Reliance Power bagged yet another contract by bidding the lowest, leaving the second lowest bidder National Thermal Power Corporation with a comparative margin of 53 paise to win the 4,000 MW Tilaiya ultra mega power project (UMPP).