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 Transport

30 Jun 2025

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..