Sterlite Power Transmission may consider listing post demerger: MD
Sterlite Power Transmission Ltd (SPTL), which will retain only its manufacturing vertical following the proposed demerger of the transmission business, may explore a public listing as part of its fundraising plans, said managing director Pratik Agarwal.
In November, the company had announced the demerger of its transmission business into a separate entity. In an interview, Agarwal said the company is awaiting the approval for the demerger from the National Company Law Tribunal (NCLT) and expects the process to be completed by the second quarter of FY25.
“We have no urgency, but we will certainly evaluate all options. If the markets are favourable and, depending on investor interest, we will surely consider a listing of the manufacturing business” said the MD.
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.
