Sterlite Power Transmission Limited Unlisted Shares Annual Reports

Sterlite Power Transmission Limited Unlisted Shares

Addressing the Challenges of Clean Energy Delivery: Empowering Humanity Towards a Sustainable Future **Introduction & Background:** The Sterlite Power 2023-2024 Annual Report addresses the critical role of power transmission in India's transition to renewable energy and its ambitious goals of achieving Net Zero by 2070 and installing 500 GW of renewable energy by 2030. It highlights the urgent need for reliable financing and strategic partnerships to support these ambitions. The existing power grid infrastructure is insufficient to accommodate the rapidly growing capacity of renewable energy generation, posing a significant obstacle to the efficient delivery of green energy. Traditional grid systems were not designed for the intermittent and unpredictable nature of renewable sources like wind and solar, lacking necessary storage and advanced monitoring technologies. **Business Overview & Key Findings:** Sterlite Power at a Glance is a leading private sector power transmission infrastructure developer with 33 completed, sold, and under construction projects covering 16,529 circuit kms. The company's India portfolio has about USD 2 billion worth of projects. The company is increasing its focus on integrating renewable energy. Key Performance Indicators (KPIs) show trends in Total Income, EBITDA, PAT, and Circuit KM. Total income for FY24 was 4955 (in crores), EBITDA was 507 (in crores), and PAT was 230 (in crores). Circuit KM reached 16529 (cumulative). India's transmission pipeline is at an all-time high with a record USD 13 billion of projects up for bidding, which Sterlite Power is targeting through a joint venture with GIC, where Sterlite Power owns 51%. The strategic decision to demerge Power Transmission Infrastructure business (BOT model) will create pure-play business verticals based on their end-customer base, investor class, and returns. The demand for Power Products remains strong. Order wins reached INR 7,000 crores in FY24, a 35% YoY increase. **Chairman's Message & MD's Message:** The Chairman's Message expresses a commitment to the transformative power of electricity access and underscores the company's pivotal role in addressing clean energy delivery challenges. The Managing Director's Message emphasizes the transition from fossil fuels to renewable sources, noting that 83% of new power capacity added in 2023 came from renewable sources. India is aiming for a 500 GW renewable energy target by 2030, a dramatic shift from coal-fueled growth. **Strategic Imperatives & Expansion:** Sterlite Power successfully ventured into Rajasthan with two Green Energy Corridor (GEC) projects, involving construction of a ~950 km long transmission corridor instrumental in evacuating a portion of 20 GW of renewable energy. The company also acquired Neemrana II Kotputli Transmission Limited. Over the past six years of operations in Brazil, Sterlite Power invested over R$ 3.5 billion in infrastructure. Sterlite Power's portfolio includes 33 projects, spanning 16,529 circuit km of transmission lines. Social Impact focuses on delivering innovative solutions for people at large and providing cables and conductors needed to move electricity. Sterlite Power also expanded into Rajasthan with Green Energy Corridor projects, aiming to evacuate 20 GW of renewable energy. The Mumbai Urja Marg project (MUML) is nearing completion, evacuating 2000 MW of additional power. The Global Products and Services business exports to 70+ countries, aligning with India's Aatma-Nirbhar Bharat initiative. **Technology & Operational Efficiency:** The report stresses Technology Leadership through revolutionary solutions, including aerial technology, big data algorithms, and artificial intelligence. Digitalization of operations is highlighted, such as Magellan, an in-house platform to automate power transmission processes. The report also emphasized Robotics for Safe Stringing and Technology Intensive Products. **Quality, Safety, & Social Responsibility:** Quality Excellence is a core value, measured through the Quality Health Index (QHI), with a vision of "Zero Harm" and "First Time Right". The company maintains high HSE Standards. The company is committed to Safety First, aiming for safe and healthy working conditions. Sterlite EdIndia Foundation works towards "quality education," contributing to SDG 4. The company had an exceptional year with numerous prestigious global and national accolades recognising their outstanding achievements. The Company is recognized by the Great Place to Work® India, for its commitment to talent and growth. **Financial Performance Analysis & Future Outlook:** A summary of the Standalone and Consolidated Financial Parameters outlines the company's financial performance. The company emphasized key events of the financial year FY'2024. **Financial Performance Metrics**: Sterlite Power reported the following financials pertaining to continuing operations: a revenue from operations of 49,056.41 million; EBITDA of 4,918.56 million; profit before tax of 2,968.59 million; and profit for the year of 2,178.49 million (Indian Rupees). The Company has taken significant steps toward shaping the future of energy delivery and is confident that its collective efforts will continue to light the way for a brighter, greener, more connected, and empowered world. The financial statement further includes the list of reports by Auditors. **Actionable Insights & Recommendations:** India needs to continue to develop its transmission network to deliver renewable energy and meet growing electricity demand, with a strategic demerger of its Power Transmission Infrastructure business to create business verticals and increase efficiency. The company will continue to advance in infrastructure evacuation and use of clean energy in India, seeking innovative solutions to minimize project impacts on communities, leveraging our knowledge and expertise to deliver challenging projects.

Sterlite Power Transmission Limited Unlisted Shares

The provided PDF is the 2022-23 Annual Report of Sterlite Power Transmission Limited. Here is a comprehensive summary: **Overview:** * Sterlite Power is a global power transmission infrastructure developer with projects in India and Brazil. * The company aims to empower humanity by addressing energy delivery challenges and contributing to climate change solutions, aligning with India's Net Zero target by 2070. * The company supports the transition to renewable energy. The company's efforts include building interstate transmission systems, upgrading existing power delivery networks, and manufacturing power conductors, EHV cables, and optical ground wire (OPGW). * Sterlite Power is the sponsor of IndiGrid, India's first power sector Infrastructure Investment Trust (InvIT). **Key Performance Indicators:** * The company reports total income, EBITDA, PAT (Profit After Tax), and cumulative circuit kilometers (ckm) of transmission lines. The company's asset portfolio across India and Brazil has a capital expenditure (CAPEX) of ₹41,748.89 crores (US$ 5.08 billion). * In FY23, the total income was ₹6,452 crores, EBITDA was ₹1,150 crores, and PAT was a loss of ₹(33) crores. The cumulative circuit kilometers reached 15,154. **Key Milestones:** * The report includes a historical timeline of key milestones since 2006, ranging from project commissioning, technological deployments (e.g., helicranes, UAVs), financial achievements (e.g., infrastructure bonds), and global expansion (Brazil). **Chairman's Message (Pravin Agarwal):** * The Chairman emphasizes Sterlite Power's commitment to sustainability and aligning with the United Nations' Sustainable Development Goals. * The company is dedicated to reliable and sustainable power solutions. The successful commissioning of the Lakadia-Vadodara Transmission Project is highlighted as an important step in accelerating India's transition to a greener economy. * The company seeks to shape a digitally empowered and resilient energy landscape, exemplified by innovations like 96 Fibre OPGW and ACCC ULS Brahmaputra High-Performance Conductor. **Managing Director's Message (Pratik Pravin Agarwal):** * The Managing Director discusses India's rising energy demand and Sterlite Power's role in addressing clean energy delivery challenges. * The company has made significant contributions by commissioning a major green energy corridor in Gujarat, unlocking 5,000 MW of green power, and winning a green energy project in Rajasthan, aiming to connect renewable energy zones. * In Brazil, the company won two important lots, and commissioned its largest project - Marituba. * The solutions business is partnering with utilities to augment existing power infrastructure. There is increasing demand for MSI to upgrade existing infrastructure across states. * The company is dedicated to safety, aiming for 'Zero Accidents'. * The company has received the Great Place to Work® Certification for the second consecutive year and was recognized as the 'Power Transmission Company of the Year 2023'. * The Indian government's transmission roadmap involves investment outlay of ₹2.44 trillion by 2030. In FY23, the company closed with 3.3% revenue growth at ₹3,923 crores. **Business Overview:** * The company has 31 projects across India and Brazil. * The company focuses on innovative solutions, technological advancements, efficiency, and sustainability. The company successfully completed the Vineyards Project and the Borborema Transmission Project. **Operating Model:** * The company's operating model focuses on bidding for lucrative projects, developing efficiently while adhering to safety standards, building through sub-contracting to EPC partners with back-to-back guarantees, and asset-flipping assets to InvITs. **Technology Leadership:** * The report highlights technology leadership through solutions such as aerial technology for accelerated project execution, big data algorithms/predictive simulations, robotics for safe stringing, digitalization for operational efficiency, and technologies for a greener ecosystem. **MSI (Master Systems Integration) and Products Business:** * The company provides services for upgrading power infrastructure with custom-built solutions, technological prowess, engineering expertise, system design, and specialised EPC services. The company is India's first and largest integrated manufacturer of OPGW. **Convergence Business:** * The business has access to 8,500+ kms of OPGW across India and aims to create a pan-India, efficient optical ground wire network. The company offers fiber network to Telecom and ISP providers. **Quality Excellence:** * Sterlite Power strives for high-quality project and product delivery using engaged leadership, risk-based processes, quality frameworks, regular training, and strategic partnerships. **Committed to Safety First:** * The company emphasizes safety first, aiming for "Zero Accidents" by adhering to Quality, Health, Safety, and Environment (QHSE) standards and processes. **Positively Impacting Lives:** * The Sterlite EdIndia Foundation focuses on "quality education" through technology, content, skills, and analytics. The foundation engages with the educational ecosystem, including programs like Project Pragyan, Project Teachable, and Project Nirnay. **Financial Performance:** *Details for Standalone and Consolidated financial statements are provided, including revenue, EBITDA, PBT, tax expense, and PAT. **Other Key Information:** * The report includes details on Board of Directors, management team, awards and accolades, operational and financial data, subsidiary and joint venture information, and various compliances and policies. The Independent Auditor's Report is included, along with annexures and financial statements. *It also includes definitions for technical and general terms and abbreviations used.

Sterlite Power Transmission Limited Unlisted Shares

Sterlite Power is a global developer of power transmission infrastructure focused on addressing the toughest challenges of energy delivery at the intersection of time, space, and capital. The company, founded in 2016, has projects in India and Brazil with a portfolio of 28 projects and around 13,700 circuit kilometers of transmission lines. Sterlite Power is also a bare overhead conductor manufacturer, exporting to over 60 countries. It sponsors IndiGrid, India's first power sector Infrastructure Investment Trust (InvIT). **Corporate Overview:** Sterlite Power has three business divisions: * **Global Infrastructure:** Responsible for bidding, designing, constructing, owning, and operating power transmission assets across multiple geographies. * **MSI and Products Business:** Specializes in upgrading, uprating, and strengthening existing power delivery networks. * **Convergence:** Focuses on creating a pan-India, efficient optical ground wire (OPGW) network for high-speed data transmission. **Key Performance Indicators (FY22):** * Total Income: ₹5,995 crores * EBIDTA: ₹1,354 crores * PAT: ₹440 crores * Circuit KM: 13,945 (cumulative) **Key Milestones:** The report details the key milestones in the company's growth from 2006 to 2021. These milestones include acquiring power business from Sterlite Industries Ltd., winning India's first independent Power Transmission Project, establishing Master System Integrator service line, acquiring the RAPP Transmission Company Ltd., achieving 3 million safe person hours at MSI projects with zero harm, addition of three Inter-State Transmission System projects, pioneers in Live-Line Reconductoring Technology in India. **Technology Leadership:** Sterlite Power is adopting global best practices in the power transmission sector through technology leadership by using aerial technology, unmanned aerial vehicles (UAVs), heli-cranes, and digitalizing operations. The company aims to utilize robotics and other innovative products, smart projects for modern grid, and technologies for a greener ecosystem. **Operational Overview:** In India, Sterlite Power has a total portfolio of 17 transmission projects, spanning more than 9,529 circuit kilometers, through a total capex of 25,262 crores. In Brazil, the company has a portfolio of 13 transmission projects, spanning 4,416 circuit kilometers, through a total capex of ₹11,983 cr. A multi-pronged investment strategy provides opportunities for success. Sterlite Power follows industry recognized QHSE standards. **MSI and Products Business:** With value differentiators such as integrated manufacturers, customer relations, operations and delivering solutions on turnkey basis. **Convergence:** Sterlite Power business is entering a Public-Private Partnership (PPP) with Gurugram Smart City to build an intra-city fiber network. **Quality Excellence:** This is maintained through a defined Quality Excellence Model that emphasizes customer satisfaction, sustainable & reliable assets, and "first-time-right" products, managed with Leadership and continual improvement. **Building a Safe Work Environment:** Which is achieved through safety and quality standards and training programs and awareness. **Impacting Lives:** As part of its CSR commitment, Sterlite Power supports various initiatives to improve the lives of the communities in which it operates. These include providing essential health items, providing employment, multiple livelihood training, and skilling programmes. **Economic Overview (Global):** The world economy grew by 5.9% in 2021 but is expected to moderate in 2022 and 2023 due to supply chain disruptions, energy price volatility, and the war in Ukraine. **Economic Overview (India):** India's economy grew by 8.2% in 2021 and is expected to continue growing in 2022 and 2023, although rising energy and food prices present challenges. **Economic Overview (Brazil):** Brazil's economy recovered in 2021 after contracting in 2020, but high inflation and unemployment are weighing on the outlook. **Industry Overview:** The global chorus on decarbonisation has grown stronger than ever before and in 2021, global energy transition investment totaled $755 billion, up from $595 billion in 2020. However there is an evident decline in annual coal capacity additions.

Sterlite Power Transmission Limited Unlisted Shares

Here's a detailed summary of the Sterlite Power Transmission Limited Annual Report 2020-21, encompassing its core content, key data, and essential insights: **Corporate Overview and Performance:** Sterlite Power Transmission Limited operates as a leading private sector power transmission infrastructure developer and solutions provider, focusing on projects in India and Brazil. The company highlights its strong market position, noting that, according to CRISIL Research, it is the largest private player in India in terms of project portfolio under the inter-state tariff-based competitive bidding (TBCB) route, with 26% market share. It also has a 13% market share of the transmission projects auctioned by ANEEL in Brazil (January 2017-June 2021). Sterlite Power commenced operations in 2006 and expanded internationally to Brazil in 2017. Financially, the report presents key performance indicators (KPIs) including Total Income, Revenue from Operations, Total Borrowings, and Return on Capital Employed (ROCE) for the fiscals 2019, 2020, and 2021. Total Income increased from ₹35,714.60 Million in FY19 to ₹51,583.16 Million in FY20 and then decreased to ₹38,169.59 Million in FY21. Revenue from Operations also increased from ₹35,550.06 Million in FY19 to ₹30,043.19 Million in FY20 and decreased to ₹20,923.91 Million in FY21. Total Borrowings, however, decreased from ₹62,920.74 Million in FY19 to ₹69,781.09 Million in FY20 and then decreased significantly to ₹27,814.90 Million in FY21. ROCE decreased from 40.22% in FY20 to 36.68% in FY21. The company develops integrated power transmission infrastructure and provides solution services through two business units: Global Infrastructure and Solutions. The Convergence business unit leverages utility infrastructure for telecommunications. **Key Milestones:** The report outlines key milestones in Sterlite Power's growth, including its incorporation in 2015, commissioning various projects, investing in technology companies, demerging from Sterlite Technologies Limited, winning bids for projects in Brazil, setting up an infrastructure investment trust (IndiGrid), and acquisitions and sales of assets to IndiGrid. **Leadership and Board of Directors:** The report features the Chairman, Non-Executive Director Pravin Agarwal, and Managing Director, Pratik Pravin Agarwal, along with profiles of Independent Directors. It also presents the Management Team, including the Chief Financial Officer and senior managerial personnel for Infrastructure and Solutions Business, and for Brazil. **Awards and Recognition:** Sterlite Power has received several awards and accolades, including 'Project of the Year Award' at the PMI Awards 2020, 'Process Innovation of the Year' at The Economic Times Innovation Awards 2020, 'Golden Peacock Occupational Health & Safety Award 2020', 'The Year in Infrastructure 2020 Award', 'Utility Deal of the Year' and 'Utility M&A Deal of the Year' at the Asset Triple A Asia Infrastructure Awards 2020, and the IPMA Global Project Excellence Awards 2020. **Technology and Innovation:** Sterlite Power focuses on innovative solutions, such as TransAnalyst (a GIS-backed planning tool), Hydrology Studies using satellite imagery and modeling tools, Building Information Modeling (3D design and 4D construction), Satellite Imagery - Digital Terrain Model (high resolution satellite imagery for route profiling), Containerised Data Centres (CDC), Ster-Eco (low-loss conductor), PVT (power voltage transformers tapping directly from extra high voltage lines), and multi-circuit towers. **Business Overview and Ongoing Projects:** The company describes its Global Infrastructure business unit, which develops power transmission infrastructure projects in India and Brazil. As of fiscal 2021, the EPC order book for Indian projects amounted to approximately ₹46,580 Million. The report provides a detailed table of ongoing projects in India and Brazil, including project names, transmission line/substation configuration, route length, actual/scheduled commission date, transformation capacity, TSA expiry, and capital expenditure. The document outlines key contractual arrangements, including Transmission Services Agreements (TSAs) and Revenue Sharing Agreements (RSAs). A key goal is to attain the targeted system availability specified in the TSAs, and to optimize operation and maintenance costs. Certain statements relating to growth prospects are noted as forward looking and subject to risks and uncertainties. **Solutions (Products) and Manufacturing:** The Solutions business unit specializes in upgrading and strengthening power delivery networks, including manufacturing a portfolio of overhead and underground products, including power conductors, EHV cables, and OPGW. At the end of fiscal year 2021, the order book for the Solutions (Products) business was ₹19,801.64 million. Manufacturing facilities are located in Rakholi, Piparia, Jharsuguda, and Haridwar. **Health, Safety and Environment:** Sterlite Power is committed to high standards of safety and quality through QHSE-related practices and quality control processes. They operate their business with the aim of preventing incidents that may harm employees, contractors, communities, or cause damage to assets or the environment. **Corporate Social Responsibility:** CSR initiatives are aligned with the Companies Act 2013 and related rules, focusing on COVID-19 pandemic relief efforts, supporting EdIndia's Project Pragyan, and promoting environmental sustainability and biodiversity preservation. **Industry Overview and Outlook (India):** India's macroeconomic overview indicates positive GDP growth, driven by agriculture and utilities, and strong economic recovery. The power sector is expected to see increased per capita electricity consumption, driven by rural electrification and reduced power costs. Investments are expected to remain strong, with increased renewable capacity. The report projects investments of ₹10-11 Trillion in the power sector over the next five years, with investments in the transmission and distribution sectors. The transmission segment is expected to rise, and there is private sector participation in this growth. **Financials (Standalone & Consolidated):** Presents financial highlights, such as revenue, EBITDA, profit before tax, and profit after tax, with comparisons between fiscal years. Notes the impact of COVID-19 on the financials, management’s response, and risk assessment. Provides details of share capital, borrowings, and key ratios, along with a statement of changes in equity and discussion of contingent liabilities. Further reports on compliance with Secretarial Standards. I have strived to create an exhaustive and accurate summary of the key information presented in the Sterlite Power Transmission Limited Annual Report. Please let me know if you require further refinement or have specific questions about its contents.