Altius Investech - Buy Sell Unlisted Shares of Sterlite Power Transmission

Sterlite Power Transmission Ltd

INE110V01015

Listing Status: DRHP Not Filed

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Price

930 - 870

Buy Price - Sell Price

Updated on 25-06-2022

52 week High

1650

52 Week Low

585

1W 1M 1Y MAX

Corporate Action

About

Sterlite Power Transmission Limited (SPTL), as per a credit report, is engaged in manufacturing and supplying power conductors, power cables and optical ground wires. It is a part of the Sterlite Group. The company has its manufacturing facilities in Silvassa, Dadra and Nagar Haveli (conductors and optical ground wire), Jarsuguda, Odisha (conductors), and Haridwar, Uttarakhand (cables).

Overview

key milestones achieved this year :

Achieved 3 Million safe person hours (April 2019 to March 2020) at MSI projects with zero harm

First to bring Live-Line Reconductoring Technology to India

Pioneers in robotic technology for OPGW stringing through SkyRobTM

Transforming long-span river-crossings with Aluminum Conductor Composite Core – Ultra Low Sag (ACCC ULS) Ganga innovation and design

Successful charging of Arcoverde, Brazil project, 28 months ahead of schedule

Successfully launched a Helicopter LIDAR survey on the Raigarh-Tamnar line of GTTPL project

Addition of three Inter-State Transmission System (ISTS) projects worth ~`3,600 Crore, (US$ 488 Million) Western Region Strengthening Scheme- XIX (WRSS-XIX), North Eastern Region Strengthening Scheme - IX (NERSS-IX) and Western Region Strengthening Scheme - XXI (WRSS-XXI) to our portfolio

Awarded with ‘Safety in Electricity’ in Gold category at the Protection Brazil Awards 2019 for the use of drones and other technologies in crossing energised transmission lines

Declared ‘Platinum winner’ in the Earth & Environment Foundation (EEF) Global Sustainability Award 2019 for outstanding achievements in sustainability management

NRSS-29 chosen as Gold Winner in the IPMA Global Project Excellence Award 2019 for the mega-sized projects category

NRSS-29 awarded Construction Project of the Year at the S&P Global Platts Energy Awards 2019

Commissioned Gurgaon Palwal Transmission Project (GPTL)

Concluded sale of three Brazilian assets: Arcoverde, Novo Estado and Pampa

East-North Interconnection Company Limited (ENICL) flipped to IndiGrid

Insights

The consolidated income for FY 2019-20 was at Rs 51,583 Million (US$ 699 Million), a 44% increase from Rs 35,715 Million (US$ 484 Million) in FY 2018-19. The company’s consolidated EBITDA was Rs 24,056 Million (US$ 326 Million) in FY 2019-20, a 434% increase from 4,501 Million (US$ 61 Million) in FY 2018-19. The consolidated profit was Rs 9,417 Million (US$ 128 Million) in FY 2019-20, compared to loss of (Rs 5,237 Million) (US$ 71 Million) in FY 2018-19. The increase in the profit was mainly driven by profit on sale of commissioned assets, both in India & Brazil. Pursuant to the approval from National Company Law Tribunal vide its order dated May 22, 2020 sanctioning scheme of merger, SPTL has been merged with its subsidiary SPGVL. The Company has accounted for synergies on account of merger on the income tax expenses of Rs 1,389 Million (US$ 19 Million) during the year. Consolidated Net worth improved to Rs 608 Million (US$ 8 Million) in FY 2019-20, compared to (Rs 6,755 Million) (US$ 92 Million) in FY 2018-19.

During FY 2019-20, the Company secured 3 new transmission projects in India under TBCB route, with a cumulative capex value of Rs 56,000 Million (US$ 759 Million). The Company won 30% of market share of the projects bid during the period.

The global infrastructure business continues to maintain its leadership position in ensuring on time project execution within budgeted cost. Leadership in leveraging technology, ability to attract rich talent, cost competitiveness has been instrumental in driving the growth strategy of the Company. This year the Company commissioned its first project in Brazil, Arcoverde Transmissao De Energia S.A, 28 months ahead of schedule.

Profitability has been the key focus for the Company. During FY 2019-20, Sterlite Power sold to India Grid Trust its commissioned projects namely NRSS-29, OGPTL & ENICL and recorded a gain on sale of `16,450 Million (US$ 223 Million). The capital generated through these monetisation activities is used for reinvesting in under-construction projects in India.

Further during the year, Sterlite Power replicated the India model in Brazil and monetised three projects namely Pampa Transmissao de Energia S.A., Arcoverde Transmissao De Energia S.A. and Sterlite Novo Estado Energia S.A, and recorded a gain on sale of Rs 4,085 Million (US$ 55.3 Million).

Subsequent to the year end, the Company commissioned 10,270 Million GPTL project that will enhance the power capacity of Gurugram and Palwal areas in the state of Haryana by ~2000 MW. The Company has completed sale of stake in GPTL to Indi Grid Trust as per the Framework agreement.

Balance Sheet

in Rs. Cr.

Profit and Loss

in Rs. Cr.

Shareholdings

Management

PRAVIN AGARWAL - Director

Shareholding in the company - 1.37 %

PRATIK PRAVIN AGARWAL - Managing Director

Shareholding in the company - 0.97 %

ASHOK GANESAN - Company Secretary

ANURAAG SRIVASTAVA - Chief Financial Officer

ANOOP SETH - Director

ZHAO HAIXIA - Director

NARAYANASWAMY ALAMPALLAM RAMAKRISHNAN - Director

ARUN TODARWAL LALCHAND - Director

Ancillary

Ratio Analysis

Peers

Industry Benchmarking

Segment Revenue

Subsidaries

Security Allotment

Corporate Governance

Press

Annual Report

Annual Report 2020-21

Annual Report 2019-20

Annual Report 2018-19

Annual Report 2017-18

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Registered Address

73A, GC Avenue, Kolkata -13

Call Us

+91-9038517269 ,+91-9830271248

Chennai Office

19/10, Guru Vappa Chetty Street, Chintadripet, Chennai - 600002

Dubai Office

2701, Executive Tower G, Business Bay, Dubai, UAE

Andhra Pradesh & Telangana Office

54-19-25/1, Flat no.101, Sai Residency, Nelson Mandela Park Road, LIC Colony, Vijayawada (Urban), Andhra Pradesh - 520008

Price

930 - 870

Corporate Action

About

Overview

Insights

Balance Sheet

Profit and Loss

Shareholdings

Management

Ancillary

Press

Annual Report

Company Information

Stay Connected.

Registered Address

Email Us

Call Us

Chennai Office

Dubai Office

Andhra Pradesh & Telangana Office

Price

930 - 870

Corporate Action

About

Overview

Insights

Balance Sheet

Profit and Loss

Shareholdings

Management

Ancillary

Press

Annual Report

Company Information

Stay Connected.

Registered Address

Email Us

Call Us

Chennai Office

Dubai Office

Andhra Pradesh & Telangana Office

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