Sterlite Electric Ltd
The products-and-services business of the former Sterlite Power: conductors, OPGW, cables and EPC for grids in India, the Americas and beyond.
Market cap
₹2,968 Cr
6.12 Cr shares
P/E ratio
16.49
Sector average 35
Book value
₹245.10
P/B 1.98
1-year return
-16.89%
52w ₹400 – ₹620
Currently 39% of the way through its 52-week range.
Indicative price history
1Y change
-18.39% ₹594 → ₹485
52-week band in this window: ₹477.97 – ₹594.29. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Renamed from Sterlite Power Transmission after the 2025 demerger of transmission projects into Sterlite Grid 5.
- Conductors, OPGW, cables and EPC with revenue near ₹5,800 Cr (estimate).
- Promoted by the Agarwal family's Twin Star Overseas with about 73% holding.
About Sterlite Electric
Sterlite Electric Ltd is the renamed Sterlite Power Transmission Ltd, the Vedanta-family (Twin Star / Agarwal family) power-transmission company demerged from Sterlite Technologies in 2015-16. After the 2025 reorganisation that carved the transmission-infrastructure projects into Sterlite Grid 5 Ltd, Sterlite Electric holds the Global Products and Services business: high-performance conductors, optical ground wire (OPGW), power cables, master-services agreements for utilities and EPC of transmission lines and substations, with plants in India and a growing order book in Brazil, the US and the Middle East.
Revenue is in the ₹5,000-6,000 Cr range and has grown with global grid capex, though margins are thin and working-capital heavy in the EPC portion; the conductor and cable manufacturing lines earn better returns. Net worth after the demerger is around ₹1,500 Cr, with borrowings for working capital and capacity expansion.
The share count mirrors the old Sterlite Power (about 6.1 Cr shares of ₹2 face value), and holders received Sterlite Grid 5 shares on the demerger, so the two quotes together (₹485 + ₹325) compare with the pre-demerger Sterlite Power price.
Data-quality note: this profile was compiled without live web verification because the research session's search budget was exhausted before this company was reached. Registry identifiers are left blank, the director list is limited to publicly known names, and all financial line items are reconstructed around approximate totals from analyst recall rather than reported figures. Line items are reconstructed around reported totals; treat them as approximate and verify against MCA filings before relying on them.
Where the revenue comes from
- Conductors, OPGW and cables55%
Manufacturing plants in India; exports to Americas, Europe and Middle East
- EPC and master-services agreements40%
Turnkey transmission lines and substations for utilities
- Services and other5%
Convergence, asset management and consulting
Products & services
High-performance conductors
ACSR, AAAC and high-temperature low-sag conductors for transmission lines.
OPGW and cables
Optical ground wire and power cables for utilities.
EPC and MSA services
Turnkey transmission lines, substations and utility master-services contracts.
What works
- • Leading Indian maker of high-capacity conductors and OPGW with utility approvals worldwide.
- • Global grid-investment super-cycle (renewables integration, US and Brazil transmission build-out) drives orders.
- • Agarwal-family sponsorship and a history of monetising assets through IndiGrid.
What to watch
- • EPC margins are thin and contracts carry execution, commodity (aluminium, steel) and currency risk.
- • Post-demerger financials are new and unaudited in public sources; figures shown here are estimates.
- • Promoter-controlled group with a record of complex restructurings; minority holders have little say.