Sterlite Power Transmission Limited Unlisted Shares

Sterlite Power is a leading global developer of power transmission infrastructure with 13 projects spanning 10,000 circuit kilometers in India and Brazil.

The innovative usage of global technologies such as heli-cranes to aid in project completion, and drones to survey and monitor transmission lines remotely has allowed us to reduce the need for human intervention, and minimize the impact on the environment, while also increasing accuracy in project planning and execution.

The strong local presence and deep understanding of government regulations, in the regions we operate in helping them get things right in the first attempt. The agile execution approach, and strong partnership ecosystem, working with all leading Indian EPCs has led to the successful completion, ahead of schedule.

The strong liquidity discipline, and innovative project financing (via IndiGrid InvIT) helps empower the project execution teams to deliver ahead of schedule.

Sterlite Power Transmission Limited Unlisted Shares Details:

Total Available Shares:	1000
Face Value:	₹ 10 Per Equity Share
Lot Size:	100-300 Shares
Current Unlisted Share Price:	₹ 310 Per Equity Share

Promoters And Management:

1. Pratik Agarwal-GROUP CHIEF EXECUTIVE OFFICER Mr. Pratik Agarwal is the Group Chief Executive Officer of Sterlite Power. He has held this position since June 2016; previously he was the vice-chairman of Sterlite Grid, and also Director of the Infrastructure business for the Vedanta Group. He is a Wharton graduate and an MBA from London Business School with over 10 years of experience in building core infrastructure assets in India. He founded the Group’s infrastructure business in 2009 and built it upto levels where it now has significant investments in ports, power transmission and broadband networks. He is also the Chairman of the Electric Power Transmission Association and Transmission Task Force of FICCI.

2. Ved Mani Tiwari-CEO - GLOBAL INFRASTRUCTURE Mr. Ved Mani Tiwari has nearly three decades of experience in Senior capacities in roles of General Management, Policy Making, Program Management and large scale Project Execution. He has worked on various positions in the Government of India, Central Public-Sector Enterprises and the Private Sector. He is also widely recognized as an innovator. He holds a Bachelor’s Degree in Electrical Engineering from MMMUT, MBA from ISB, Hyderabad, and has done Executive Programs from Kellogg School of Management and Wharton Business School.

3. Manish Agarwal-CEO - SOLUTIONS Mr. Manish Agarwal is the CEO for Solutions business. He has close to two decades of experience in Telecom & Energy sector in Indian & overseas markets. He is the Member of IEEMA Executive Committee. Mr. Manish has a Bachelor of Engineering degree and an Master’s degree in Business Management from Federation University, Australia. He has also pursued Executive Leadership Programs from the IIM, Ahmedabad and ISB, Hyderabad.

Shareholding Pattern:

Name of the Shareholders	No.of Shares	% of total shares limited
Twin Star Overseas Ltd.	43670398	71.38
Individual/ HUF	103248	0.17
Bodies Corporate	952859	1.56
Any other	1755048	2.87

Financials of Sterlite Power Transmission Limited Unlisted Shares:

Year	Revenue(Cr)	PAT(Cr)	Finance Cost(Cr)	EBITDA Margins	PAT Margins	EPS
2016	2,697.00	-599.00	866.00	21%	-22%	-83
2017	2,673.00	-361.00	788.00	31%	-14%	-59.0
2018	2,972.00	272.00	434.00	28%	9%	44.5

UZ Financial Review 1. The Finance cost is decreasing continuously in the last 3 years because of which the company comes in profit in the year 2018. 2. The Company has excellent EBITDA Margins and PAT Margins. 3. The Company has consolidated EPS of 44 in FY17-18.

Recommendation on Sterlite Power Transmission Limited Unlisted Shares:

The company is on a turnaround path in FY17-18. If the company is able to deliver the same performance this year too then it can be a good candidate in the unlisted arena.

1. Annual Report 2018

2. Annual Report 2017

Discussion on Sterlite Power Transmission Limited Unlisted Shares:

Milestone of the Company:

1. 2006

Acquisition of Power Business from Sterlite Industries Ltd

2. 2009

Sterlite Technologies Ltd. (STL) enters the power transmission business

3. 2010

Sterlite Power (as a division of STL) awarded India’s first Independent Power Transmission Project under
Tariff Based Competitive Bidding (TBCB) regime.

4. 2011

Awarded India’s first 765 kV power transmission project under TBCB regime Awarded its third project
of 944 km spanning the states of Madhya Pradesh, Maharashtra and Gujarat

5. 2013

Awarded two projects of length 403 and 545 kms covering Madhya Pradesh and Rajasthan; and Jharkhand, West Bengal respectively.

6. 2014

Attracted private equity investment of INR 5 billion from Standard Chartered Private Equity Commissioned
its first interstate project located in the North Eastern region Awarded project in challenging terrain of
Jammu and Kashmir with the route length of 887 km.

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TODAY, STERLITE POWER IS A LEADING DEVELOPER OF POWER TRANSMISSION INFRASTRUCTURE IN INDIA AND BRAZIL

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