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
Infrastructure Urban

Remsons Industries Rises After Subsidiary Secures Rs 120 Mn Order

BEE Lighting has secured a contract from a global multinational original equipment manufacturer (OEM) for the design and development of exterior vehicle lighting. The contract, valued at Rs 120 million, was awarded by an international entity and is set to be executed immediately, indicating its strategic importance and urgency. The company clarified that there is no involvement of the promoter or promoter group in the awarding entity, and the transaction does not qualify as a related party transaction under regulatory guidelines. This development underscores BEE Lighting’s increasing role in..

Next Story
Infrastructure Urban

Interarch Building Solutions Wins Contract from Auto OEM

Interarch Building Solutions, formerly operating under the name Interarch Building Products, has secured a significant contract valued at Rs 450 million from a leading automobile original equipment manufacturer (OEM). The project involves the execution of a comprehensive pre-engineered steel building solution, marking a major addition to the company’s growing portfolio in the infrastructure segment.Under the terms of the contract, Interarch will be responsible for the complete scope of work, which includes the design, engineering, manufacturing, supply, and erection of a pre-engineered steel..

Next Story
Technology

Protean eGov Bags Rs 1 Bn Tech Deal for Bima Sugam Platform

Protean eGov Technologies has secured a work order worth around Rs 1 billion from the Bima Sugam India Federation (BSIF), as per a regulatory filing. The order was awarded on June 9, 2025, following a request for proposal (RFP) process.Under the contract, Protean will serve as the technology solution provider for the Bima Sugam Marketplace. Its responsibilities will include overseeing the end-to-end development, implementation, platform integration, support, and maintenance of the digital insurance marketplace.The engagement is seen as a continuation of Protean’s involvement in building nati..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?