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.”

Real Estate

14 Aug 2025

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..