Sterlite Power Transmission may consider IPO After completion of Demerger Process

Unlisted Deals:

ador powertron 500.00 (4,900.00 %) amol minechem 601.00 (0.17 %) anglo french drugs 950.00 (2.15 %) anugraha valve 510.00 (0.99 %) apl metals 39.00 (-2.50 %) apollo fashion 92.00 (-4.17 %) arkfin investments 50.00 arohan 250.00 (-1.96 %) assam carbon 310.00 (-1.59 %) avalokiteshvar 242.00 (0.83 %) axles india 680.00 (0.74 %) balmer lawrie 200.00 (-0.99 %) bharat hotels 390.00 (4.00 %) bima mandi 235.00 (-2.08 %) bira 545.00 (-0.91 %) blsx limited 35.00 (2.94 %) boat 1,550.00 (-1.90 %) c & s electric 1,070.00 (1.90 %) cable corporation 20.00 (-18.37 %) capgemini 14,500.00 (-0.68 %) care health 184.00 (-0.54 %) carrier aircon 550.00 (0.92 %) cial 470.00 (1.08 %) csk 195.00 (-1.52 %) dalmia refract 270.00 (-1.82 %) dfm foods 467.00 dsp merrill lynch 1,000.00 east india pharma 39.00 (-2.50 %) eaton fluid 445.00 (1.14 %) electronica plastic 4,500.00 (2.27 %) elgi ultra 400.00 elofic industries 2,850.00 (1.79 %) esl steel 42.00 (-2.33 %) fincare business 87.00 (1.16 %) fincare sfbl 205.00 (1.49 %) finopaytech limited 149.00 (-0.67 %) flipkart india 231,001.00 (0.00 %) frick india 3,400.00 (-2.86 %) gkn driveline 1,750.00 (2.94 %) goodluck defence 296.00 (-1.00 %) group pharma 300.00 gynofem healthcare 59.00 (-1.67 %) hazira cargo terminals limited 205.00 (1.49 %) hdb financial 1,225.00 (-0.81 %) hdfc ergo 370.00 (1.70 %) hdfc securities 10,999.00 (-2.66 %) hella india 900.00 (-2.17 %) hero fincorp 1,965.00 (-0.51 %) hexaware 980.00 (-0.51 %) hicks 1,600.00 (1.59 %) hira ferro 200.00 (2.56 %) honeywell electrical 7,300.00 (1.39 %) ikf finance 320.00 (-3.03 %) incred financial 10.00 (1.01 %) incred holdings 155.00 (-0.64 %) india carbon 1,120.00 (-1.32 %) india exposition 121.00 (0.83 %) indian potash 3,100.00 (-1.59 %) indian seamless 195.00 (2.63 %) indo alusys 25.75 (-0.96 %) indofil 1,430.00 (-0.69 %) infinite computer 405.00 (1.25 %) inkel 22.50 (-2.17 %) jana small finance bank 75.00 kel 535.00 (-0.93 %) kial 137.00 (-0.72 %) klm axiva 15.50 (3.33 %) kurlon limited 1,275.00 (1.59 %) lava 43.00 (-4.44 %) mahindra rural mrhfl 100.00 manipal housing 74.00 (2.07 %) manjushree technopack 850.00 (-2.86 %) martin & harris 820.00 (-1.20 %) matrix gas 810.00 (-2.41 %) merino 3,250.00 (-1.52 %) minosha 282.00 (0.71 %) mitsubishi heavy 207.00 (-0.48 %) mkcl 425.00 (-2.30 %) mobikwik 640.00 (-1.54 %) mohan meakin 2,300.00 (-4.17 %) mohfl 13.25 (-1.85 %) msei 1.80 (-2.70 %) msil 34.00 (3.03 %) nayara energy 690.00 (1.47 %) nayara energy ncd 320.00 (1.59 %) ncdex 200.00 (-0.99 %) ncl buildtek 310.00 (-3.13 %) ncl holdings 106.00 (0.95 %) nsdl 850.00 (3.03 %) nse india 1,800.00 (-2.70 %) onix renewable 19,000.00 (5.56 %) orbis financial 399.00 (-0.25 %) oswal minerals 60.10 (-1.48 %) otis elevator 4,100.00 (2.50 %) oyo rooms 53.00 (-1.85 %) panasonic appliances 262.00 (0.77 %) paymate india 500.00 (-1.96 %) pharmeasy 8.45 (-0.59 %) pharmed limited 660.00 (3.13 %) philips domestic 675.00 (-1.46 %) philips india 925.00 (-0.54 %) pnb metlife 70.00 proyuga adtech 25.00 purity flexpack 20.00 ramaraju surgical 260.00 (-1.89 %) rapido 16,650.00 (0.03 %) rasoi 82,000.00 (2.50 %) reliance gic 490.00 (2.08 %) resins plastics 525.00 (-0.94 %) ring plus aqua 560.00 (1.82 %) rrp s4e innovation 295.00 (-1.67 %) sab miller 535.00 (0.94 %) sbi amc 2,650.00 (-1.12 %) sbi general insurance 621.00 (0.16 %) scottish assam 505.00 (1.00 %) shriram life 261.00 (0.38 %) sigachi laboratories 36.00 (-2.70 %) signify 1,325.00 (-1.85 %) smile microfinance 51.00 (-1.92 %) sterlite grid 5 275.00 (-3.51 %) sterlite power 590.00 (-1.67 %) studds 1,300.00 (-1.89 %) svsml 315.00 (2.94 %) t stanes 800.00 (1.27 %) tata capital 890.00 (-0.56 %) trl krosaki 1,750.00 (-1.41 %) urban tots 64.00 (-1.54 %) utkarsh coreinvest 290.00 (-1.69 %) vikram solar 442.00 (-0.67 %) vivriti capital 1,040.00 (-0.95 %)

Sterlite Power Transmission May Seek Listing After Demerger: MD Pratik Agarwal

Sterlite Power Transmission Limited

Created at 24 Mar 2024 08:11

Sterlite Power Transmission Ltd (SPTL) is poised to retain only its manufacturing arm following the proposed demerger of its transmission business. Managing Director Pratik Agarwal has indicated that the company may consider a public listing as part of its fundraising endeavors. SPTL's manufacturing segment, known as Global Products and Services, specializes in producing power transmission components like conductors, power cables, and overhead wire cables. Agarwal highlighted that the manufacturing business, which garners 50% of its revenue from exports to regions including the US, Europe, Latin America, Southeast Asia, and Australia, aligns well with public market dynamics.

Post-demerger, the company will explore various fundraising avenues, with a potential listing being one of them. Agarwal emphasized that while there's no immediate rush, they will assess the market conditions and investor interest to gauge the viability of a listing.

SPTL is also contemplating expanding its manufacturing facilities in India, with an estimated investment of ₹350-400 crore for both brownfield and greenfield projects. The manufacturing arm is anticipated to grow by 20-30% in FY25, supported by significant central sector transmission projects in India valued at around ₹2 trillion.

Additionally, SPTL is in discussions with private equity investors to raise funds for its transmission business. The company's transmission division, which operates in India and Brazil, aims to consolidate its presence in India's transmission sector. With a portfolio of 30 completed and ongoing projects totaling approximately 14,602 circuit kilometers of transmission lines, SPTL is focusing on further expansion.

Agarwal, who also chairs Serentica Renewables, expressed the company's commitment to providing round-the-clock renewable energy solutions to large factories, aiming to replace a significant portion of their thermal power consumption with renewable energy. He underscored the importance of decarbonization efforts in large factories, which are major contributors to greenhouse gas emissions globally.

In terms of energy storage, Agarwal mentioned plans to deploy batteries across their fleet and explore alternative storage solutions, either owned by them or through third-party arrangements.

https://www.livemint.com/

News Alert