Sterlite Power raises Rs 725 cr from GEF Capital, ENAM Holdings

Sterlite Power, a market leader in the power transmission conductors and cables space, has successfully raised INR 725 crore in a primary fundraise round from GEF Capital Partners and ENAM Holdings.

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As part of Sterlite Power’s demerger exercise, the Global Products and Solutions (GPS) business was hived out and is now an independent company since October 2024. This is the first fundraise for the products and solutions business since its inception. The funds will be used for the ongoing capex expansion and drive strategic growth initiatives by enhancing production capabilities, accelerating new product development, and expanding presence across key international markets. The GPS business has sustained its growth trajectory, securing orders worth INR 2,715 crores in H1 FY25. As of November end, the open Orderbook of the GPS business stood at Rs 6700 Crs. This underscores Sterlite Power’s robust market position in both domestic and international market segments.