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)