The funds raised will be used for ongoing capital expenditure (capex), enhancing production capabilities, and expanding into key international markets. Additionally, Sterlite Power plans to accelerate new product development as part of its strategic growth initiatives. The GPS business has shown strong growth, securing orders worth Rs 27.15 billion in the first half of FY25, with an open order book of Rs 67 billion as of the end of November.

Pratik Agarwal, Managing Director of Sterlite Power Transmission, described this funding as a significant milestone for the GPS business, reinforcing its position in the global market. Alipt Sharma, Partner at GEF Capital Partners, expressed excitement about the partnership, emphasizing that Sterlite Power’s efficient products would play a key role in improving power transmission efficiency.

As part of the demerger, Sterlite Power Transmission (SPTL) has split into two entities: SPTL, which will handle the power capital goods business including cables, conductors, and specialised services, and Sterlite Grid 5 Ltd (SGL5), which will focus on transmission concessions. Shareholders of SPTL received shares of SGL5 in a 1:1 ratio.

Sterlite Power has been delivering advanced power transmission solutions worldwide for over three decades. The company provides a broad range of products such as High-Performance Conductors, Optical Ground Wire, and HV/EHV Power Cables, helping integrate renewable energy, enhance grid resilience, and reduce transmission losses.