Resilience.
Sustainability.
Diversity.
Sterlite Power has demonstrated expertise in tackling specific challenges of space, time and capital in the power transmission sector. We have been delivering on innovative solutions for people at large. Through our work to provide reliable power, large swathes of people have seen their lives upgrade. Infrastructure is a critical need for a world that wants to be always on and always connected, regardless of the needs imposed on us by the pandemic.
DEAR STAKEHOLDERS,
Writing this letter to you all, continues to be a great honour to me. The last year has been a challenging one for everyone. However, it gives me immense pleasure to share with you all that FY 20 has been another successful year. The profitable growth, despite the challenges brought in by the COVID-19 pandemic, is a testament to the organisation’s resilience. It also reflects the company’s collective strength, our execution prowess and diligence in delivering on our promises. Our world-class project management process, innovations and sustainable approach has received global recognitions. The Kashmir project (NRSS-29) was recognised with prestigious global awards such as IPMA Project Excellence Awards in Mega Project category, and S&P Global Energy Project of the Year Awards. This year we also received the ‘Best Practices Award for Safety and Environment’ at the CII Southern Region EHS Excellence Awards.
Sterlite Power has demonstrated expertise in tackling specific challenges of space, time and capital in the power transmission sector. We have been delivering on innovative solutions for people at large. Through our work to provide reliable power, large swathes of people have seen their lives upgrade. Infrastructure is a critical need for a world that wants to be always on and always connected, regardless of the needs imposed on us by the pandemic.
MAINTAINING GRID RELIABILITY DURING THE PANDEMIC
Electricity has become a critical underpinning need of the modern lifestyle. The onset of global pandemic has reiterated this fact more than ever. These critical times have underscored the urgency of grid resilience.
The initial few months of the pandemic have been critical, as maintaining the grid reliability has not been an easy task. Nationwide lockdown, limited support services and reduced workforce, have added to these difficulties. However, Sterlite Power has presented a stronger front and ensured reliability of the national grid. We implemented COVID-response strategies across our sites, within few days of lockdown.
When the nation decided to stand in solidarity against the COVID-19 virus with the “9PM:9Minute Collective Resolve”, it was vital for the national grid to be prepared for the forecasted drop. Moreover, it was also critical to maintain seamless operation during the ramp up back to the normal state. It gives me immense pride that our Bongaigaon-Silliguri line, of ENICL, played a major role in providing reliability to the grid by acting as a crucial link in transferring hydropower generated in the North-Eastern region to the rest of the country.
Times of adversities like these bring out the true measure of an organisation at fore. The organisation’s strong connection to our core purpose inspires us to make a difference in the lives of millions of people every day. I would like to take a moment and extend my deepest gratitude to our partners for standing with us during the toughest times of the pandemic. Their constant support has enabled us in ensuring grid reliability, so that people could stay safely in their homes and continue to be productive.
A WORLD OF SUSTAINABILITY
Sterlite Power has been relentlessly working to integrate renewables to the grid at an accelerated pace to limit the global temperature rise well below 2°C. The organisation has time and again showed that any development can only benefit the society, if it fosters sustainability. From tree translocation to leveraging aerial technologies such as helicranes, drones and unmanned aerial vehicles (UAVs), implementing monopoles for addressing space challenges, ensuring safe OPGW stringing with SkyrobTM, etc., Sterlite Power has been the harbinger of innovation and technology in the Indian transmission sector. This has enabled us in ensuring minimal impact on the environment, while transporting reliable power to the remotest parts.
The company’s project management processes and inclusive mindset has enabled it to address complex challenges in the sector by tackling the key constraints of space, time and capital. Projects like NRSS-29, Gurgaon Palwal Transmission Project with India’s first Vertical GIS Substation, HPC Reconductoring Project in Tamil Nadu, 1.1 km Ganga River Crossing for Purnia-Bihar Shariff transmission line restoration and implementation of Building Information Modelling (BIM) in substation design, planning & construction in Tripura, have reinforced the company’s dedication towards building a sustainable tomorrow.
Sterlite Power, as an organisation, has never deterred from going the extra miles to ensure sustainability. Whether it is addressing human-elephant conflict in the North-Eastern region of India or preserving the natural flora & fauna in the southern region of Nilgiris, the organisation has taken every possible step in ensuring various aspects of sustainability across its projects.
POWER TRANSMISSION – A RENEWABLE LINKED STORY
Emerging as home to one of the world’s largest clean-energy expansion programmes, India is the latest hotspot for renewable energy investors. With the Government of India’s focus on exporting sustainable energy to rest of the world, the narrative of Indian transmission industry has taken a new turn. Although India has plenty of renewable sources, the same can’t be said about the transmission lines. There is a lack of reliable transmission infrastructure to evacuate the power from the renewable power plants and connect to the main grid. This has brought transmission at the centre stage. The Government of India has aggressive target of achieving 450 GW of green energy capacity by 2030. This is an unprecedented opportunity for us to make a significant contribution to the sector with our expertise and our experience.
However, the timeline for construction of renewable power plants is extremely short, as compared to that of conventional power plants. The industry must embrace this challenge and transform itself for evacuation of renewable energy. Sterlite Power is focussed on playing its part for greening of the grid – a dedicated effort towards a Green Future.
OUR STRENGTH LIES IN DIVERSITY
At Sterlite Power, we have always believed that “our strength lies in diversity.”
With people coming from various industries and backgrounds at every level, diversity at workplace has enriched our culture and contributed to our innovative mindset. The fresh assemblage of perspectives has allowed us to perform in our individual space and cumulatively contribute to the organisation’s growth. Diversity has accelerated the organisation’s maturity in a very short span.
As an organisation we have witnessed a significant increase in the number of women employees across all levels – be it at our Board, Executive Teams or even frontline teams at our manufacturing plants. This is a welcome change that I have experienced in a sector which is dominated by male workforce. We strive to continue working towards maintaining the same.
Diversity gives our people a strong entrepreneurial edge and drives innovation which is crucial for an organisation such as ours. In a homogenous workforce, chances are high that the thinking as well as problem-solving approach will be similar. A diverse group of employees, on the other hand, brings a set of unique perspectives to the table, which leads to breakthrough ideas.
IN CONCLUSION
I still remember the initial days of our inception, when we dreamt of building an organisation which will strive towards making powerful impact. I am proud of the Sterlite Power family which has enabled us to create an organisation around the core purpose of “empowering humanity by addressing the toughest challenges of energy delivery.”
We have experienced that access to electricity transforms the society and acts as a platform for prosperity. Through our reliable power transmission network, we ensure that generation centres are connected to the demand centres, in a sustainable manner.
Every asset that we build on-ground, creates employment opportunities and trains the workforce for their lifetime. We continue to innovate and manufacture high-performance conductors, that allow the industry to address the various transmission challenges. We not only cater to India’s needs, but also export to 60+ countries. This is truly in line with the Government of India’s Aatma-Nirbhar Bharat initiative.
On that note, we are determined to commit to the opportunity with the best of our innovative might and agility. I would like to thank everyone at Sterlite Power, especially our investors and partners for their trust and confidence.
Pravin Agarwal,
Chairman,
Sterlite Power