Sterlite Technologies, a provider of transmission solutions, announced that Sterlite Grid, a subsidiary of the company announced a major milestone with the successful commissioning of India's first ultra mega transmission project. The first line in this project connecting Purnea and Bihar Sharif was commissioned in September 2013, which was the first 400 KV line to cross the river Ganges since Independence.

The second line which is about 225km long connects Bongaigaon in Assam to Siliguri in West Bengal. The 400 KV double-circuit quad transmission line was commissioned today making the East-North Interconnection Company (ENICL) fully operational.

ENICL project transmission lines were identified as one of the highest priority lines by Power System Operation Corporation Limited (POSOCO) as they provide critical connectivity for transfer of power from the power plants in the North Eastern (NE) region. Also, this project will address the critical issue of power shortfall during non-monsoon months bringing significant relief to the residents of Assam.

Pravin Agarwal, chairman, Sterlite Grid said, ''The completion of ENICL project is a great achievement for the company, and has helped double the power transfer to the region, impacting the lives of millions of residents. This has also been a great testimony to Sterlite's robust project engineering capabilities and takes us a step closer to achieving our vision of connecting every home on the planet. We remain grateful to the State Governments of West Bengal, Assam and Bihar, Ministry of Power and Project Monitoring Group under Cabinet Committee for Investment for their unwavering support for this project of national importance.''

Shares of the company gained Rs 2.5, or 3.56%, to trade at Rs 72.75. The total volume of shares traded was 300,524 at the BSE (11.02 a.m., Friday).