Sterlite Power Raises Rs 7.25 Bn from GEF Capital, ENAM Holdings

20 Dec 2024 CW Team

Sterlite Power announced it has raised Rs 7.25 billion in a primary funding round from GEF Capital Partners and ENAM Holdings. This marks the first fundraise for Sterlite Power's Global Products and Solutions (GPS) business, which was spun off as an independent company following its demerger in October 2024.

The funds raised will be used for ongoing capital expenditure (capex), enhancing production capabilities, and expanding into key international markets. Additionally, Sterlite Power plans to accelerate new product development as part of its strategic growth initiatives. The GPS business has shown strong growth, securing orders worth Rs 27.15 billion in the first half of FY25, with an open order book of Rs 67 billion as of the end of November.

Pratik Agarwal, Managing Director of Sterlite Power Transmission, described this funding as a significant milestone for the GPS business, reinforcing its position in the global market. Alipt Sharma, Partner at GEF Capital Partners, expressed excitement about the partnership, emphasizing that Sterlite Power’s efficient products would play a key role in improving power transmission efficiency.

As part of the demerger, Sterlite Power Transmission (SPTL) has split into two entities: SPTL, which will handle the power capital goods business including cables, conductors, and specialised services, and Sterlite Grid 5 Ltd (SGL5), which will focus on transmission concessions. Shareholders of SPTL received shares of SGL5 in a 1:1 ratio.

Sterlite Power has been delivering advanced power transmission solutions worldwide for over three decades. The company provides a broad range of products such as High-Performance Conductors, Optical Ground Wire, and HV/EHV Power Cables, helping integrate renewable energy, enhance grid resilience, and reduce transmission losses.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..