About Sterlite Power Transmission Limited Unlisted Shares

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over ~12,500 circuit km 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, praying, and strengthening existing networks. The company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India's first power sector Infrastructure Investment Trust (InvIT), listed on the BSE and NSE.

Highlights of FY18-19

a) Total consolidated income - 3571 Cr.

b) Total Circuit Kilo Meter - 12,500

c) Total availability of Assets( Transmission lines) - 99.84%.

d) The company has 22 Infrastructure projects. Out of 22 projects, 12 are in India, and 10 are in Brazil.

e) The company has a total of 11,300 transmission towers in its portfolio.

Highlights of FY19-20

a) Total consolidated income - 5158 Crores

b) Total Circuit Kilo Meter - 13,700

c) Total availability of Assets( Transmission lines) - 99.84%

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

e) Addition of three Inter-State Transmission System (ISTS) projects worth ~3,600 Crore Western Region Strengthening Scheme - XIX (WRSS-XIX), North Eastern Region Strengthening Scheme - IX (NERSS-IX) and Western Region Strengthening Scheme - XXI (WRSS-XXI) to the portfolio.

Highlights of Fy21-22

a) They have won 30 transmission projects under PPP model. 17 in India and 13 in Brazil. Out of this 16 are operational.

b) ~13976 ckm of power transmission lines commissioned or under construction.

c) 31.5% market share by tariff of inter-state projects awarded under competitive bidding in India.

d) 99.78% availability of transmission assets achieved across the commissioned assets in Q4FY22.

Financial Performance of Sterlite Power Unlisted Shares in Fy21-22

1. Sterlite Power has clocked a Revenue of ~6000 Crores in Fy22 up from ~3800 Crores in Fy21.

2. Sterlite Power has clocked a PAT of 440 Crores in Fy22 down from 870 Crores in Fy21.

3. They have won 30 transmission projects under PPP model. 17 in India and 13 in Brazil. Out of this 16 are operational.

4. ~13976 ckm of power transmission lines commissioned or under construction.

5. 31.5% market share by tariff of inter-state projects awarded under competitive bidding in India.

6. 99.78% availability of transmission assets achieved across the commissioned assets in Q4FY22

Sterlite Power Unlisted Share Investors Updates regarding 9MFY23 results and Future Outlook.

A) Business Highlights for Q3 and 9M-FY23

1. Acquired the Kishtwar Transmission Limited (Kishtwar) project SPV from Power Finance Corporation (PFC) to construct a 400/132kV GIS substation at Kishtwar and 400 KV LILO (Line in Line out) in Jammu & Kashmir in the next 30 months

2. Achieved completion for the 329 kms 765Kv Lakadia Vadodara Transmission Project – LVTPL (a Green Energy Transmission Corridor) in Q3; this project was commissioned subsequently in January 2023

3. Definitive documentation executed for sell down of the commissioned Khargone Transmission project to IndiGrid for Rs. 1,497 Crores as part of the Asset flip strategy

4. In Q1, two new Project wins of value BRL 1.2 Bn (2approx. Rs. 1,900 Crores) in Brazil.

5. Achieved full commissioning of Solaris I & II project & Borborema I project in Brazil

B) Order Deal wins

The overall value of new Order wins in Products, MSI and Convergence business units during the first 3 quarters of this financial year is Rs. 3,777 Crores.

C) Capital Raise

1. Secured the entire debt funding of Rs. 305 Crores from Aseem Infrastructure Finance Ltd. – a Non Banking Finance Company (NBFC) promoted by National Investment and Infrastructure Fund (NIIF) for the Kishtwar project in December 2022

2. Received fresh Working capital limits of Rs. 250 Crores from IndusInd bank

3. Efforts are underway to bring in private capital into the ‘Infra’ business unit in India

4. Closed second successful issuance of Green Debentures worth BRL 400 Mn (Rs. 600 Crores) by Sterlite Brazil Participações S.A., a subsidiary of Sterlite Power in Brazil

D) Financial Highlights for 9M-FY23

1. Revenue from Operations: 37% higher than Revenue for the corresponding 9 months period of FY22(Sequential Revenue growth over the last 4 quarters)

2. EBIDTA: 8% higher than EBIDTA for the corresponding 9 months period of FY22

3. Balance sheet size: 60% higher than the Balance sheet size for the corresponding 9 months period of FY22

E) Future Outlook

1. In December 2022, the Government of India unveiled a Rs. 2.44 trillion ($29.6 Billion) plan to build new power transmission lines to connect renewable generation, as it aims to nearly triple the clean-power capacity by 2030; this will result into a multi-year impact on the order Book pipeline for all the business lines of the company.

2. Approx. Rs. 520 billion transmission line bid pipeline was approved in last four meetings of National committee on Transmission (NCT), Govt. of India which may result into a heavy bid pipeline for the Infra business unit in coming 2-3 quarters.

3. According to Mr. Pratik Agarwal, MD of Sterlite Power - “The power transmission sector in India is witnessing an upward trajectory movement driven by an urgent need for robust transmission infrastructure to integrate ~500 GW of Renewable power by 2030. As announced by the Ministry of Power, Govt. of India, the ‘Inter-state transmission system’ (ISTS) segment alone requires an estimated investment of Rs. 2.44 trillion. This spells an enormous opportunity for our industry in the coming years.”

Current Sterlite Power Unlisted Share Price:

Currently, the Sterlite Power Unlisted share price is ₹665 with an EPS of ₹72/share. Note: Check the Latest Sterlite Power Unlisted Share Price at UnlisteZone Android or iOS Mobile App.

Demerger of Infra Business and Financial Restatement of Sterlite Power

The infra business of Sterlite Power Transmission Limited has been demerged and transferred to the newly formed company, Sterlite Grid 5. As a result, only the Global Product business will remain within Sterlite Power. For this year, Sterlite Power has presented the financials for FY23 and FY24 based solely on the continued operations, making the past financial data not directly comparable.