New Delhi, India, December 14, 2025: Sterlite Power Transmission Ltd. (SPTL), a leading player in the power transmission sector, has successfully secured funding of ₹725 crore, backed by GEF Capital Partners and Enam Holding. This substantial infusion of capital is expected to significantly strengthen the company’s manufacturing capabilities, particularly in the production of power conductors, Optical Ground Wire (OPGW), and power cables. A major highlight of the investment plan is the establishment of a state-of-the-art plant in Baroda, aimed at expanding Sterlite Power’s capacity to meet the surging global demand for high-quality transmission products.
Investment Details and Stakeholder Contributions
The latest funding round reflects strong investor confidence in Sterlite Power’s long-term growth trajectory. GEF Capital Partners and Enam Holding together contributed ₹725 crore to the company’s Global Products and Specialized EPC division under SPTL. Of this, GEF Capital Partners committed ₹450 crore, while Enam Holding invested ₹275 crore. Although the precise equity stakes were not disclosed, Sterlite Power’s Managing Director, Pratik Agarwal, confirmed that both investors would hold single-digit minority stakes in the business.
Strategic Restructuring for Independent Growth
Earlier this year, Sterlite Power announced a major restructuring to optimize operations and unlock value. The restructuring resulted in two distinct entities: the Transmission Infrastructure business, now housed under Sterlite Grid 5 Limited, and the Global Products & Specialized EPC services, which continue under SPTL. This separation is designed to enable each vertical to pursue independent growth strategies, attract targeted capital, and sharpen its operational focus.
Capital Expenditure and the New Baroda Facility
Of the total funding, ₹400 crore has been earmarked for capital expenditure, with a large share directed towards building a greenfield plant in Baroda. This facility will specialize in producing 400 KV power cables, further expanding Sterlite Power’s manufacturing footprint. At present, the company operates four plants across India—two in Silvassa (Dadra & Nagar Haveli) and one each in Odisha and Uttarakhand. The remaining funds will be deployed to support working capital requirements and tap into emerging business opportunities.
Riding the Wave of Global Demand
The timing of this investment is strategic, as the world is witnessing unprecedented demand for electrification and decarbonization solutions. With power conductors and cables at the heart of energy transition, Sterlite Power is uniquely positioned to benefit from this surge. According to Agarwal, the ongoing geopolitical realignment and a strong global shift towards sourcing from India over China have further amplified growth opportunities. By leveraging these trends, Sterlite Power aims to strengthen its domestic market share while expanding its global presence across high-potential regions.
With this fresh round of funding, Sterlite Power reaffirms its role as a critical enabler in advancing sustainable electrification and powering the transition towards a greener, more connected future.
