Sterlite Power Transmission Limited Unlisted Shares

Sterlite PowerSterlite Power Transmission is a leading global developer of power transmission infrastructure with projects of over 13,700 circuit km and 26,100 MVA in India and Brazil. It is the only company in a leadership position in both India and Brazil, which are two of the largest greenfield transmission markets globally. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power offers solutions for upgrading, uprating and strengthening existing networks.

The company has set new benchmarks in the industry by using cutting-edge technologies such as helicranes, drones and robotics to deliver complex projects ahead of schedule, with the highest standards of quality and safety. Sterlite Power believes that electricity access transforms societies and delivers a long-lasting social impact.

Sterlite Power is also the sponsor of India’s first  Power Transmission InvIT – IndiGrid – which attracted global investors such as KKR and GIC in 2019. The company has established its unique asset monetisation model successfully in both India & Brazil and has monetised assets worth US $1 billion till date. Sterlite Power has been recognised amongst The Economic Times Best Brands 2020 and is a recipient of prestigious global awards from S&P Global Platts and International Project Management Association (IPMA).

The company’s business is broadly divided in four verticals – 

INFRASTRUCTURE – The global infrastructure business bids, designs, construct, owns and operates power transmission assets across multiple geographies.

SOLUTIONS – The solutions business helps power utilities tackle their network congestion challenges by providing solutions that upgrade and uprate corridor intensity.

CONVERGENCE – Sterlite Convergence operates at the confluence of the power and telecom infrastructure industries. The transmission infrastructure and that of other power utilities and discoms is leveraged to roll out reliable wired and wireless telecommunications services, to people and organizations around the country.

INVESTMENT MANAGEMENT – The India Grid Trust (IndiGrid), sponsored by Sterlite Power Grid Ventures Limited, one of India’s leading private power transmission companies, was created in 2016 to acquire operating power transmission assets. India’s first infrastructure investment trust in the power sector, IndiGrid provides investors with an opportunity to invest directly in operating power transmission assets. It also allows infrastructure developers to monetize their operating projects. This new financial instrument in the Indian capital market is backed by a conducive regulatory regime in a burgeoning economy in need of large infrastructure spending.

Sterlite Power Transmission Limited Unlisted Shares Details:

Top shareholders of Sterlite Power – 

Name of the Shareholder No. of Shares % holding
Twin Star Overseas Ltd. 43670398 71.38
Individual/ HUF 103248 0.17
Bodies Corporate 952859 1.56
Others 1755048 2.87

Latest Financials of Sterlite Power –

Sterlite Power Latest Results

 

 

 

 

Sterlite Power demerger details and background 

Sterlite Technologies Ltd (Sterlite) decided to spin-off its power business into a separate unlisted company, while retaining its telecom business in the listed entity. The de-merger was effective April 1, 2015.

The Sterlite board approved the corporate restructuring plan. Following the restructuring, Sterlite Technologies became a pure-play telecom products and solutions company providing broadband solutions for fully converged networks. Power products business and power transmission grid business was demerged into ‘Sterlite Power Transmission Ltd’, a separate entity.

The equity shares of the telecom business are currently publicly listed, while those of the newly formed power business remain unlisted. Once the demerger scheme is effective (after due regulatory approvals), investors will retain their equity share (FV Rs. 2) in the telecom company. Additionally, for every five equity share held in Sterlite Technologies, shareholders received one equity share of Rs. 2 each of Sterlite Power Transmission.

Outlook:

Sterlite Power is a pioneering transmission infrastructure company that is driving growth across the industry and around the world. As an innovative, and transformative organization in the transmission infrastructure space, Sterlite Power is ideally positioned to shape the power transmission industry.

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