Sterlite Power Raises Rs 7.25 Billion from GEF Capital & ENAM Holdings
POWER & RENEWABLE ENERGY

Sterlite Power Raises Rs 7.25 Billion from GEF Capital & ENAM Holdings

Sterlite Power’s newly demerged Global Products and Solutions (GPS) business has secured Rs 7.25 billion in funding from GEF Capital Partners and ENAM Holdings. This marks the first fundraising round for the GPS business since its demerger in October 2024. The investment will support the expansion of production capabilities, accelerate new product development, and strengthen the company’s presence in key international markets. The GPS business has maintained strong growth, securing orders worth Rs 27.15 billion in the first half of FY25. As of November, its order book stood at Rs 67 billion, highlighting its robust market position across domestic and international segments. Pratik Agarwal, Managing Director of Sterlite Power Transmission, hailed the funding as a milestone for the GPS business, while Alipt Sharma, Partner at GEF Capital Partners, expressed confidence in Sterlite’s ability to deliver efficient and reliable power transmission products. Sterlite Power recently completed a demerger into two distinct entities. Sterlite Power Transmission Ltd. (SPTL) will focus on the power capital goods business, including cables, conductors, and specialised services. The newly created Sterlite Grid 5 Ltd. (SGL5) will manage the transmission concessions business. Shareholders received SGL5 shares in a 1:1 ratio, positioning both companies for focused growth in their respective domains. With over three decades of expertise, Sterlite Power offers a comprehensive range of power transmission solutions, including high-performance conductors, optical ground wire, and HV/EHV power cables. These products facilitate renewable energy integration, enhance grid resilience, and reduce transmission losses. The company also provides specialised Engineering, Procurement, and Construction (EPC) services to upgrade and expand transmission capacity efficiently. Axis Capital acted as the exclusive financial advisor for the transaction, with Khaitan & Co. serving as legal counsel. (TOI)

Sterlite Power’s newly demerged Global Products and Solutions (GPS) business has secured Rs 7.25 billion in funding from GEF Capital Partners and ENAM Holdings. This marks the first fundraising round for the GPS business since its demerger in October 2024. The investment will support the expansion of production capabilities, accelerate new product development, and strengthen the company’s presence in key international markets. The GPS business has maintained strong growth, securing orders worth Rs 27.15 billion in the first half of FY25. As of November, its order book stood at Rs 67 billion, highlighting its robust market position across domestic and international segments. Pratik Agarwal, Managing Director of Sterlite Power Transmission, hailed the funding as a milestone for the GPS business, while Alipt Sharma, Partner at GEF Capital Partners, expressed confidence in Sterlite’s ability to deliver efficient and reliable power transmission products. Sterlite Power recently completed a demerger into two distinct entities. Sterlite Power Transmission Ltd. (SPTL) will focus on the power capital goods business, including cables, conductors, and specialised services. The newly created Sterlite Grid 5 Ltd. (SGL5) will manage the transmission concessions business. Shareholders received SGL5 shares in a 1:1 ratio, positioning both companies for focused growth in their respective domains. With over three decades of expertise, Sterlite Power offers a comprehensive range of power transmission solutions, including high-performance conductors, optical ground wire, and HV/EHV power cables. These products facilitate renewable energy integration, enhance grid resilience, and reduce transmission losses. The company also provides specialised Engineering, Procurement, and Construction (EPC) services to upgrade and expand transmission capacity efficiently. Axis Capital acted as the exclusive financial advisor for the transaction, with Khaitan & Co. serving as legal counsel. (TOI)

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?