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).

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

The consolidated income for FY22 was at `59,946 million (US$ 789 million), a 57% increase from `38,170 million (US$522 million) in FY21. The Company’s consolidated EBITDA was `13,538 million (US$178 million) in FY22, a 25% decrease from `17,932 million (US$245 million) in FY21. The consolidated profit was `4,401 million (US$58 million) in FY21 compared to profit of `8,698 million (US$119 million). The profit was mainly driven by profit on sale of commissioned assets in India. Consolidated Net worth improved to
`16,988 million (US$224 million) in FY22, compared to `10,966 million (US$150 million) in FY21.

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.