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sterlite power transmission limited
annual report 2018-19

Empowering
Humanity

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Sterlite Power:
Global Operations at a Glance

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over ~12,500 circuit kms and 22,719 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing.

11,300*

total number of transmission towers

22*

infrastructure assets (12 in India and 10 in Brazil)

#1 player

in convergence: 6,816 km (OPGW lines commissioned or in progress)

`36,305*Cr

Assets across India and Brazil

60+

countries we exports

1,60,000 MT

Largest manufacturer of conductors in India

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Global
Infrastructure

We bid, design, construct, own and operate power transmission assets across multiple geographies.

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Solutions

We specialise in upgrading, uprating and strengthening existing power delivery networks.

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Convergence

We aim to create a pan-India, efficient optical ground wire network to deliver high-speed data that runs over existing power transmission lines.

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Sterlite Investment Managers Ltd. (SIML)

SIML manages India Grid Trust (IndiGrid) , the first Infrastructure Investment Trust (InvIT) in the Indian power sector.

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Key Performance Indicators

Circuit km (cumulative)

FY19*
5,211
FY18
4,262
FY17
3,790
FY16
3,245
FY15
904

Annual levelised Tariff (` in Crores)

FY19*
1,092
FY18
609
FY17
553
FY16
497
FY15
119

*Including assets commissioned and transferred to IndiGrid

TOTAL INCOME (` in crore)

FY19**
3,571
FY18
2,972
FY17
2,673
FY16
2,697

EBITDA (` in crore)

FY19**
450
FY18
850
FY17
844
FY16
586

**The Company has signed an agreement with India Grid Trust for the sale of its two operating assets namely, NRSS 29 and OGPTL with an asset valuation worth `5,039 Cr (US$ 719 Mn) on 30 April, 2019. The same transaction has been consummated in the financial statements for the quarter ending 30 June 2019.

Key Milestones

Our Core Values of Innovation, Social Impact, Respect and Fun
guide us in our approach

2006-2009

Sowing Seeds

2010-2013

Strengthening Roots

2014-2015

Nurturing Growth

2016-2017

Spreading Branches

2018-2019

Great Leap Forward

Group CEO's
Message

Dear Stakeholders,

Let me share with you some mega trends that are shaping the industry we are operating in. We are in the midst of an electricity revolution, driven by disruption at both ends of the value chain – Electricity Generation as well as Consumption. Today humanity is concerned about impact of climate change and making a conscious shift from fossil fuel to clean energy. The size and scale of this shift is unprecedented and the opportunity it creates for energy logistics is equally large.

PRATIK AGARWALManaging Director & CEO

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One of our highlights this year was ahead-of-schedule delivery of the NRSS 29 transmission project in Kashmir. This project has the potential to provide 24X7 electricity to 12.5 Mn residents of the Kashmir valley, and brings tremendous prosperity to this important region.

India is one of the fastest-growing economies of the world and is projected to continue expanding above the world average in the coming decades. Power will invariably fuel this.

Chairman’s
Message

Dear Stakeholders,

It continues to be a great honour for me to write this letter to you every year. I will let pratik speak about the performance of the company in the Reporting period, while the subsequent pages will review in greater detail the different activities undertaken by our business verticals. But before that, I would like to put into perspective the energy story of india and the world at large.

pravin agarwalchairman

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India is one of the fastest-growing economies of the world and is projected to continue expanding above the world average in the coming decades. Power will invariably fuel this.

Awards and Accolades

1st International ROSPA Gold Category Award in Safety for excellent track record in occupational health and safety management systems

Most Sustainable Organisation of the Year 2019 in the Energy Sector at the India Sustainability Summit and Awards 2019

Sterlite Power is a global case study for Workplace by Facebook

Commendation for Significant Achievement in Environment Management at the CII-ITC Sustainability Awards 2018

Energy and Environment Foundation Global Sustainability Award 2019 in Platinum Category

Awarded with 'Safety in Electricity' in Gold Category at the Protection Brazil Awards 2019 for the use of drones and other technologies in crossing energized transmission lines

Quality Management System

Environmental Management System

Occupational Health & Safety Management System

Sterlite Power Differentiator

Financial Innovation: Establishing the Asset-Flip Model

Sterlite Power is the sponsor of India Grid Trust (IndiGrid), India’s first power sector InvIT and SIML, a subsidiary of Sterlite Power, is the Investment Manager for IndiGrid. Through an asset flip model, Sterlite Power transfers fully operational assets to the Trust and redeploys the capital for developing new assets. On May 4th, 2019, IndiGrid announced the closing of a preference unit issuance worth `2,514 Cr (US$359 Mn).

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Technology Leadership

An evolving world needs revolutionary solutions. Sterlite Power has led the way in adopting globally-benchmarked, state-of-the-art practices in the legacy-driven power transmission segment.

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Safety First

We believe in the philosophy that all injuries, incidents and occupational hazards are preventable. With a ‘zero accidents’ vision in mind, we consistently strive to achieve high Quality, Health, Safety and Environment (QHSE) standards for a sustainable workplace.

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case study

Bringing More Power to the J&K Valley

This northernmost region of India faces severe power deficit, crippling daily life and adversely impacting its path to progress.

What we did

We built an alternate power corridor. The 414-km-long Northern Region Strengthening Scheme XXIX (NRSS 29) is one of the biggest private sector transmission projects.....

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case study

crossing over
to brazil

We won the Arcoverde (literally the ‘Green Arch’) project, our very first on foreign soil, in an auction conducted by the Brazilian Electricity Regulatory Agency (ANEEL) in April 2017.

What we did

We began the project implementation with diligent planning and carried out our work with extreme sensitivity to ensure minimum outages...

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case study

Live-Line Reconductoring with Zero Shutdown

Driven by our core values of 'innovation' and 'social impact', Sterlite Power recently heralded in a pioneering new technology in...

What we did

Developed a unique and innovative solution that enabled reconductoring without causing any disruption....

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case study

Power Boost for India’s Growth Hubs

Under the Gurgaon Palwal Transmission Limited (GPTL) project, we are commissioning three gas-insulated substations and two bays. It faces major concerns regarding right-of-way issues.

What we did

We formed a dedicated team to simultaneously coordinate and ensure that we receive timely approvals from relevant entities....

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case study

Improving Odisha’s Power Infrastructure

The coastal state is undergoing fast-paced industrialisation, on account of which it experiences growing demand for power..

What we did

We began the project implementation with diligent planning and carried out our work with extreme sensitivity to ensure minimum outages, on account of any overlap with the corridor....

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case study

Power Utilities Revolutionizing Telecom Connectivity

Given the broadband boom in India, the telecom sector has a constant need for reliable world-class communication infrastructure...

What we did

A joint venture between Sterlite and Maharashtra State Transco, MTCIL* was formed to address the communication needs of MSETCL** and established....

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case study

Smart City Fiber Network on PPP Model

Smart cities across India are gearing up for the digital revolution by building the required infrastructure aimed at improving the lives of citizens...

What we did

We entered into a public-private partnership with Gurugram Metropolitan Development Authority (GMDA) to develop an optical fiber cable network that will support the city’s connectivity....

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Corporate Social Responsibility

Small Steps.
Meaning

For us, at Sterlite Power, communities are not merely a stakeholder, but the very reason of our existence. Apart from overcoming the toughest challenges of energy delivery, we also work towards moving past the challenges faced by the communities and bringing real change in their lives.

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Sustainability

India is one of the fastest-growing economies of the world and is projected to continue expanding above the world average in the coming decades. Power will invariably fuel this.

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