Sterlite Power sees equipment shortages as sector grows

23 Sep 2022 CW Team

Sterlite Power Transmission Ltd expects power sector infrastructure to expand in the coming years, both in India as well as in developed countries.

The transmission infrastructure company, which is part of the Vedanta group, is looking for external funding, even as it prepares for a public share sale. In an interview, Pratik Agarwal, managing director, SPTL, said India will need to spend between Rs 130 billion and 150 billion every year on transmission, beginning the current financial year. “We believe that in the next five years, India will be a $30 billion market. This level of investment would be required to meet the 2030 renewable goals of 500 GW,” he said.

He said Sterlite has about a 25-28% market share, and would like to maintain that even in an expanded market. “This year about Rs 300-400 billion worth of tenders for transmission projects are expected. This over five years would mean Rs 1.5-2 trillion in terms of transmission spent in the country. This number of tenders and auction would come to the market,” he said.

He said Sterlite power is currently executing six to seven projects in the country and about six projects in Brazil, and is expecting huge growth in both markets. “Historically, we have always funded investments in 75:25 debt-equity ratio,” he added.

He said, “There’s going to be a shortage of transformers, shortage of cables, a shortage of undersea cables. Definitely, there is going to be a shortage of components in the wind turbine sector.”

Infrastructure Urban

26 Jul 2025

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..