Sterlite Power Transmission may consider listing post demerger: MD

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₹350-400 crore." The manufacturing business is projected to grow 20-30% in FY25, buoyed by the around ₹2 trillion worth of central sector transmission projects in India. The company is also in talks with private equity investors for raising funds for its transmission business, he said. “That is the business where we operate like a highway operator, where we build, own and operate transmission lines, providing transmission services to end users, generators, and consumers.

That business is growing very, very fast. And then we're looking at closing a large transaction with a very large investor, which we hope to finalize soon." The company's transmission division also operates in Brazil. It boasts a portfolio of 30 completed and ongoing projects, totaling around 14,602 circuit kilometers (ckm) of transmission lines across India and Brazil.

It is focussing on consolidating its presence further in India's transmission sector. Agarwal, who is also the chairman of another Vedanta group entity, Serentica Renewables, said the company is furthering its ambitions in round-the-clock renewable energy solutions. “At Serentica, we aim to provide round-the-clock renewable energy solutions to large factories by selling renewable power.

These large-scale, energy-intensive factories currently rely on thermal power consumption. Our goal is to replace 15-50% of their thermal power with renewable power." "Currently, one of the most interesting opportunities in the whole decarbonization space is how to replace carbon consumption of these large factories, which are responsible for consuming 80% of greenhouse gases worldwide, with renewables," he said. "We will certainly deploy batteries across our fleet in different shapes, forms, and sizes.