Great Place To Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting, and insights they need to make strategic people decisions.

Taking pride in this achievement, Pratik Agarwal, Managing Director, Sterlite Power, said, “At Sterlite Power, we recognize that our people are the cornerstone of our success. This certification reflects our commitment to investing in and nurturing our human capital, aligning their aspirations with our organizational goals. It underscores the importance of fostering a dedicated and purpose-driven team whose collective efforts propel us toward achieving greater milestones.”

Ruhie Pande, Group CHRO, added, “We celebrate this certification as it validates how we have built our cultural fabric, weaving together trust, respect, and continuous growth. I am especially proud of how our teams have embraced and strengthened our inclusive environment. We will continue to invest in our people, champion diversity, drive innovation, and create abundant opportunities for everyone to grow both personally and professionally.”

Great Place To Work® recognition is the most coveted and respected in the world for elevating employer brands to attract the right people. Their proprietary methodology and platform enable organizations to truly capture, analyze, and understand the experience of all employees. Their ground-breaking research empowers organizations to build cultures that retain talent and unlock the potential of every employee. Since 1992, their Certification, Best Workplaces Lists, and global benchmarks have become the industry standard, built on data from more than 100 million employees in 150 countries around the world.

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Pratik Agarwal, Managing Director, Sterlite Power Transmission Limited, said, “Securing this funding marks a significant milestone for Sterlite Power’s GPS business. This investment will significantly bolster our ability to deliver cutting-edge solutions and advanced technology to the market. With this fund raise, we will be better equipped to deliver innovative, reliable power solutions that support the energy transition and meet the growing demand for clean energy across India and the world.”

On the investment in Sterlite Power, Alipt Sharma, Partner at GEF Capital Partners LLC, said, ” Decarbonizing transmission networks is a key part of the transition to a low-carbon economy. Further, the growth of renewable energy necessitates modernization and upgradation of transmission networks. We are excited to partner with Sterlite Power and support their portfolio of efficient and reliable products that will catalyse efficiency in power transmission.”

Sterlite Power Transmission (SPTL) has formally demerged into two companies. The demerged company viz., SPTL will now house the  power capital goods business, comprising of cables, conductors, and specialized services. The resulting entity Sterlite Grid 5 Limited (SGL5) will house the transmission concessions business. Each shareholder of SPTL has received shares of SGL5 in the ratio of 1:1. This pivotal decision marks a significant milestone for our organization as we position ourselves for focused growth across two distinct business verticals.

Sterlite Power over the last three decades, has been delivering modern and dependable power transmission solutions globally. The company offers a wide range of solutions in the conductors and cables segment. The product portfolio has a comprehensive range of products and services such as High-Performance Conductors, Optical Ground Wire and HV/EHV Power Cables. These products are designed to meet the evolving demands of the power sector, facilitating the integration of renewable energy ecosystem, enhancing grid resilience, and reducing the overall transmission losses. Additionally, Sterlite Power provides specialized Engineering, Procurement and Construction (EPC) services that focus on expanding existing transmission capacity through uprate and upgrade by leveraging its expertise in complex product execution to deliver efficient, high quality infrastructure solutions.

Axis Capital was the exclusive financial advisor for this transaction and Khaitan & Co. acted as the legal counsel.

Sterlite Power Transmission (SPTL) has formally demerged into two companies. The demerged company viz., SPTL will now house the  power capital goods business, comprising of cables, conductors, and specialized services. The resulting entity Sterlite Grid 5 Limited (SGL5) will house the transmission concessions business. Each shareholder of SPTL has received shares of SGL5 in the ratio of 1:1. This pivotal decision marks a significant milestone for our organization as we position ourselves for focused growth across two distinct business verticals.

Sterlite Power over the last three decades, has been delivering modern and dependable power transmission solutions globally. The company offers a wide range of solutions in the conductors and cables segment. The product portfolio has a comprehensive range of products and services such as High-Performance Conductors, Optical Ground Wire and HV/EHV Power Cables. These products are designed to meet the evolving demands of the power sector, facilitating the integration of renewable energy ecosystem, enhancing grid resilience, and reducing the overall transmission losses. Additionally, Sterlite Power provides specialized Engineering, Procurement and Construction (EPC) services that focus on expanding existing transmission capacity through uprate and upgrade by leveraging its expertise in complex product execution to deliver efficient, high quality infrastructure solutions.

Axis Capital was the exclusive financial advisor for this transaction and Khaitan & Co. acted as the legal counsel.

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–          Key development under India’s National Grid initiative

Mumbai, November 20 2024 : — Sterlite Power, a leading global power products and solutions business, has successfully completed the Goa-Tamnar Transmission Project, implemented through its Special Purpose Vehicle, Goa-Tamnar Transmission Project Limited (GTTPL). The project strengthens Goa’s power infrastructure with four vital elements, three of which have now been successfully commissioned and the final component, the Xeldem-Narendra transmission line, is set to commence soon. This project brings Goa’s first 400 kV Gas-Insulated Substation (GIS) at Dharbandora live, providing a high-quality power supply that reaches South Goa at 400 kV for the first time.

Commenting on the development, Mr. Arun Sharma, CEO, Infrastructure Business, Sterlite Power, “This project is a crucial step forward in strengthening Goa’s power infrastructure. By addressing key gaps and bringing advanced technology like the GIS substation to the state, we are ensuring a more stable and reliable power supply for the people and businesses of Goa, which will further boost tourism and add to the economy. It’s a proud moment for our team, and a reminder of what’s possible when vision and collaboration come together.”

The new infrastructure will stabilize power delivery, minimizing outages, especially in South Goa, and will enable high-quality power supply across industrial, commercial, and residential segments. The enhanced transmission capacity will also provide a direct feed from the new Dharbandora substation to South Goa, reducing the load on existing substations and making the network more resilient against fluctuations. This is particularly crucial for Goa’s economic hubs, including its tourism and hospitality sectors, which have long been burdened by reliance on costly diesel generators to manage frequent power outages.

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This strategic collaboration ensures that Sterlite Power will be able to deploy Infravision’s innovative transmission construction technology across all of its critical high-voltage transmission projects. These projects span voltage levels from 400kV to 765kV, reinforcing Sterlite Power’s competitive advantage by ensuring rapid, reliable delivery under Tariff Based Competitive Bidding (TBCB) time-sensitive execution model.

In addition to bringing efficiency and speed to infrastructure expansion, Sterlite Power is committed to using world-leading technology to train local Indian teams. This will build national capability and create a lasting impact within India’s construction industry, enabling Indian professionals to operate advanced systems that elevate both quality and delivery standards. With this commercial partnership, Infravision aims to support 100% of Sterlite Power’s stringing needs, setting a new benchmark in transmission construction. Together, Sterlite Power and Infravision will drive significant economic activity, setting a global standard for using technology to leapfrog traditional infrastructure methods. This partnership not only aligns with India’s infrastructure vision but also positions the country as a global leader in advanced construction technologies—one that will inspire future projects worldwide.

“India’s transmission sector is on the brink of a technological revolution. By adopting our advanced solutions, Sterlite Power will be at the forefront of a transformation that enables faster, safer, and more cost-effective transmission line construction.” said Cameron Van Der Berg, Infravision CEO and Co-Founder”.

On the partnership, Sterlite Power Managing Director Pratik Agarwal said, “India’s growing energy requirements demand bold innovation, and our partnership with Infravision reinforces Sterlite Power’s unwavering commitment to building a resilient, future-ready transmission infrastructure. By integrating cutting-edge construction technology we are accelerating delivery, enhancing quality, and ensuring reliable power for millions—solidifying India’s position as a global leader in modern transmission.”

“As a strategic investor in Infravision, we are proud to support this transformative partnership with Sterlite Power, which exemplifies the power of technology-enabled solutions to redefine the future of transmission infrastructure in India. Their combined expertise and commitment to innovation will drive infrastructure resilience and efficiency, and we look forward to the significant impact this partnership will have on India’s energy landscape and beyond,” said Sameer Reddy, Managing Partner at Energy Impact Partners.

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Bengaluru, November 11, 2024— Sterlite Power, a leading global power products and solutions business, has secured new orders worth INR 1200 crores across its Global Products and Services (GPS) business in Q2 FY’25. With cumulative orders wins reaching INR 2700 crores for H1 FY’25, Sterlite Power continues to solidify its market leadership domestically while expanding its reach globally into new regions. The GPS business of Sterlite Power is focused on high-performance, sustainable products, and specialized Engineering, Procurement, and Construction (EPC) services.

Mr. Reshu Madan, CEO, Global Products and Services, while reflecting on the recent order wins said, “Sterlite Power’s success is fuelled by our commitment to modern technologies and a strategic focus on customer-centric solutions. Our continued growth is anchored in delivering innovative products and responding to the global demand for high-quality, sustainable power transmission solutions. Key wins, such as India’s first 144-fiber count OPGW cable order, exemplify our leadership and reinforce our goal of being amongst the top 10 wire and cable company globally.”

Key Order Highlights are as follows:

High-Performance Conductors & OPGW:

The Overhead Conductor business is witnessing remarkable demand in both domestic and international markets. Sterlite has bagged new orders totalling INR 800 crores in Q2 FY’25 for high-performance conductors and Optical Ground Wire (OPGW) products. In the domestic segment, the major orders were towards supply of conductors for Green Energy Transmission projects including Angul-Paradeep, Yalwar, and Runija-Indore Transmission Lines. The export segment saw order wins for high-performance green products from The United States of America, the European Union, Africa, and the Middle East. The company also received India’s first 144-fiber count OPGW cable order from a state utility, which reassures client confidence in company to develop solutions. Export orders for OPGW have been confirmed from regions of Europe and Africa with enormous traction in domestic market from the Power Grid Corporation of India and state utilities.

Power Cables:

The Power Cables business is on a continuous growth trajectory and has been consolidating its position in the wire and cable segment. The company has won orders totalling INR 380 Cr in Q2 FY’25 covering a mix of Medium Voltage (MV), High Voltage (HV), and Extra High Voltage (EHV) cables. The major orders were towards supply of cables for state utilities and PSUs.

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Rasika brings over 20 years of experience in corporate communications, crisis management, and digital strategy, having immediate past stints at HDFC Bank and CoinDCX. Her expertise spans across industries, enabling her to steer strategic communications and drive brand growth.

In her new role, Rasika will be responsible for overseeing all marketing and communications efforts, including media relations, internal communications, digital strategy, and brand positioning. She will work closely with various stakeholders to align communication strategies with Sterlite Power’s business goals.

Commenting on the appointment, Ruhie Pande, Group CHRO and Group Chief of Marketing and Communications at Sterlite Power, said, “We are happy to have onboarded Rasika, to lead the Group’s Marcomm function. We aim to leverage her diverse expertise to enhance our Group’s overall corporate reputation.”

Speaking on her appointment, Rasika Joshi, Head Marketing Communications said, “I am delighted to be part of the Sterlite Power Group, known for its innovation and commitment to shape India’s power infrastructure. I am looking forward to leading the efforts towards creating a differentiated positioning as well as deepening stakeholder engagement initiatives.”

Rasika holds a master’s degree in commerce and economics and a diploma in Mass Communication with a specialising in Public Relations.

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In addition to this recent recognition, Sterlite Power has consistently been acknowledged for its outstanding workplace culture. Earlier this year, the company was honoured with multiple awards, including the Most Coveted Employer of Choice, recognition as one of India’s Top 50 Great Mid-Size Workplaces, and the accolade of Best in Industry: Energy, Oil & Gas by Great Place to Work® India. These recognitions underscore Sterlite Power’s ongoing commitment to fostering an exceptional workplace environment.

Commenting on the recognition, Pratik Agarwal, Managing Director, Sterlite Power, said, “It’s an honor to be recognized by Great Place to Work® India as one of the Best Workplaces for Millennials. This accolade solidifies our company’s legacy of care and people-first culture. This recognition reinforces our belief that together, we can cultivate a dynamic workplace that not only attracts top millennial talent but also inspires them to push boundaries and shape the future of energy infrastructure.”

“This certification reflects the collective effort and commitment of our entire workforce. At our core, we are dedicated to fostering an environment where every team member can thrive, innovate and feel valued. This recognition fuels our determination to continue enhancing our workplace practices, investing in employee development and adapting to the evolving needs of our millennial workforce.” said Ruhie Pande, Group-CHRO & Head of Marketing and Communications.

The Great Place to Work® Certification is awarded to organizations delivering exceptional employee experiences and exhibiting exemplary people practices. The assessment is based on the Great Place to Work® model, which evaluates a workplace based on its Trust Index© and Culture Audit© attributes. Based on the assessment by the Great Place to Work® Institute, Sterlite Power scored exceedingly well in areas related to building a purposeful and high-growth organizational culture.

GPTW is globally recognized as an authority in assessing workplace culture. The Institute works with businesses, non-profits, and government agencies in more than 60 countries and has spearheaded exceptional research on the characteristics of great workplaces for over three decades. In India, the institute partners with more than 1,100 organizations annually across over 22 industries to help them build High-Trust, High-Performance Cultures designed to deliver sustained business results.

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