Sterlite Power Transmission’s Journey and Impact on Power Infrastructure

Sterlite Power is at the forefront of transforming the power transmission landscape, with an impressive portfolio spanning India and Brazil. From innovative technologies to strategic partnerships, this company has set industry benchmarks in power infrastructure development.

About the Company: Sterlite Power is a leading power transmission infrastructure developer, managing 30 projects over approximately 14,602 circuit kilometers in India and Brazil. The company uses advanced technologies like helicranes and drones to boost efficiency and minimize environmental impact, solidifying its position as a key player in the sector.

Business Divisions:

• Global Infrastructure: Focuses on expanding and managing power transmission networks globally.
• MSI and Products Business: Upgrades and strengthens existing power delivery networks.
• Convergence: Establishes a nationwide optical ground wire network to support digital infrastructure development.

Leading Power Infrastructure Developer:

• Global Reach: 15,000 circuit km and 28,322 MVA across India and Brazil.
• Innovative Technologies: Uses power conductors, EHV cables, and OPGW.
• International Impact: Exports to over 60 countries and acts as sponsor for IndiGrid, India’s first Infrastructure Investment Trust in the power sector.

Notable Projects:

• Early commissioning of major projects.
• Pioneering ‘Zero Shutdown’ capability in India.
• Extensive work in Brazil, including multiple project acquisitions and expansions.

Recent Achievements:

• Secured Rs. 1373 crore funding for Neemrana II Kotputli transmission project.
• Stakeholder approval for demerging into two entities, creating focused business verticals for better growth and investment opportunities.

Management Team:

• Pravin Agarwal: Chairman & Non-Executive Director
• Pratik Pravin Agarwal: Managing Director
• Alampallam Ramakrishnan Narayanaswamy: Independent Director

Financial Highlights:

• Total Revenue (FY 2023): ₹6452 crores
• EBITDA: ₹1149 crores
• Interim Dividend: 50% per equity share for FY 2023

Future Plans:

• IPO plans post-demerger, focusing on manufacturing arm and renewable energy solutions.

Awards and Recognition:

• Power Transmission Company of the Year 2023
• CEO of the Year (non-renewables) award for Pratik Agarwal

For more details on Sterlite Power’s journey and impact on power infrastructure, visit the full blog post here: Sterlite Power Transmission’s Journey and Impact on Power Infrastructure

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