Sterlite Power Transmission Ltd (SPTL) has received stakeholder approval to split its business into two entities: power transmission project development and power equipment manufacturing. The demerged transmission infrastructure will be managed by Sterlite Grid 5 Limited, while Global Products & Specialised EPC Services will continue under SPTL. This move aims to tailor capital pools to the specific needs of each entity. Managing Director Pratik Agarwal highlighted the distinct investor bases and business models of the two segments, with plans to explore IPO options for the GPS business, which witnessed significant order wins in FY23-24.
Sterlite Power Transmission Demerges into Two Entities for Strategic Growth
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