Despite regulatory, discom challenges, Sterlite Power bets on demand growth

IPO-bound Sterlite looks at growth in power transmission infra and power equipment industry

Sterlite Power, the power transmission company of the Vedanta group, which has filed a draft offer with the Securities Exchange of Board of India for an initial public offer, is betting on the energy demand growth in the country, despite the setback from Covid-19 and several regulatory challenges.

Sterlite is banking on the large kitty of transmission projects to be offered by the Centre to augment the transmission and distribution (T&D) network across the country and in the states.

The company, which has 26 per cent market share in power transmission projects awarded to private players, filed its draft red herring prospectus