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I AM STERLITE
ISSUE 1 | | MAY 2015VOL.5
CONNECTING EVERY HOME ON THE PLANET
Connecting every memberof the Sterlite family.
INDEX
I AM STERLITE
INDEX
I AM STERLITE
Sr. No Topic
Aurangabad ,Pune, Mumbai,
Gurgaon Office
Decoding the 'Net Neutrality' Effect!
Book Review: Crucial ConversationsBook Review: Death by Meeting
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6 The CSR Edge.................................................................Aurangabad Diaries
7 Being Sterlitian..............................................................Rakholi & Silvassa, Haridwar, Delhi
8 Roll of Honour...............................................................Star Awards, Spot Awards
9 Wedding Bells ..............................................................
10 Sterlite Babies................................................................
11 First Look ......................................................................
12 Clicking Passion.............................................................
13 Yellow Fever...................................................................
14 What's Trending!...........................................................
15 Beyond Reading............................................................
INDEXINDEXSr. No Topic
1Sterlite Technologies sharpens broadband research focus.
Sterlite Grid announced successful refinancing of India’s first
Ultra Mega Transmission Project, ENICL.
Page No
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News Room.....................................................................
2 Business Update.............................................................
3 Technology (4G).............................................................To 4G or not to 4G
4 In Focus............................................................................Innovating Excellence
5 Tête-à-Tête.......................................................................In Conversation - Manish Agarwal, VP & Business Head- Power Products & Solutions
-Tushar Belwal
3
I AM STERLITE
2
Sterlite announced a USD 100,000 annual seed fund for the
best ideas in innovative broadband deployment technologies.
The company will set-up a 5 member panel comprising
eminent members of the broadband ecosystem
Sterlite together with IIT Madras and IIT Kanpur, announced
multi-year fellowship programs, and grants to encourage
collaborative research in ultra-high speed broadband
"Through this collaborative partnership, we will explore new
ideas and create unique solutions for broadband deployment
in India," said Prof. Krishnan Balasubramanian, Dean, Industrial
Consultancy and Sponsored Research, IIT-Madras.
"We are excited to partner with Sterlite Technologies. This
research and development effort in advanced optical
transmission technologies is a natural fit to IIT-Kanpur," added
Prof. Siddhartha Panda, Associate Dean, Industrial
Collaboration, IIT-Kanpur.
SOME OF THE KEY PARTNERSHIPS ANNOUNCED on 29th January, 2015 INCLUDE:
NEWS ROOM
I AM STERLITE
Successfully introducing the strategy of recycling capital for refinancing, thereby increasing returns on investment and minimizing the cost of finance, Sterlite Grid continues to progress in the power transmission sector.
Sterlite Grid Limited successfully refinanced East North
Interconnection Company Limited [ENICL] project loan within
three months of the project becoming fully operational in
November 2014. The new financing arranged by Axis Bank,
consists of a long term loan of Rs. 925 Crores, with
significantly favourable terms as compared to the earlier
debt. This refinancing is in line with Sterlite's stated
objectives of recycling capital for increasing returns on
investment. With this transaction, Sterlite has not only
achieved reduction of 175 basis points in the interest cost on
per annum basis, but also released more than Rs. 150 Crores
after repaying its outstanding debt obligations to the
existing financial institutions. It is the first inter-state private
power transmission asset to get refinanced with such
favourable terms, reflecting keen interest of financial
institutions in funding power transmission projects with
stable long-term cash flows. The East-North Interconnection
will generate predictable and stable cash flows for more than
two decades.
Mr. Pravin Agarwal, Chairman, Sterlite Grid Limited, says "The
refinancing arrangement has not only brought down our
cost of finance substantially but it has also validated our
strategy of capital churning towards growth as a power
transmission infrastructure developer. The low risk profile as
compared to other segments within the broader
infrastructure sector coupled with credibility of our group
makes ENICL attractive for the financiers."
Sterlite has six transmission projects in its portfolio, out of
which, ENICL, India's first Ultra Mega Transmission Project
was recently commissioned enabling the northern region to
import surplus power from North-Eastern & Eastern Regions.
Power System Operation Corporation Limited (POSOCO)
identified ENICL project as one of the highest priority
projects as it provides critical connectivity for transfer of
power from the power plants in the North Eastern region. It
involves establishment of two 400 kV Double Circuit
transmission lines. All the other transmission projects are in
various stages of development and will be completed soon
as per schedule.
STERLITE GRID ANNOUNCED SUCCESSFUL REFINANCING OF
INDIA'S FIRST ULTRA MEGA TRANSMISSION
PROJECT, ENICL
NEWS ROOM
Dr. APJ Abdul Kalam applauded the remarkable efforts of Sterlite Technologies in the field of ultra-high speed broadband technology research through the use of fiber optics at the conclave held at COE, Aurangabad. Sterlite announced partnerships with IIT Kanpur and IIT Madras to further its research.
STERLITE TECHNOLOGIES SHARPENS BROADBAND RESEARCH FOCUS
Sterlite Technologies announced a slew of initiatives to sharpen
its research focus on ultra-high speed broadband technologies
at a one-of-its-kind conclave held in Aurangabad on 29th
January, 2015. The conclave aligned collaborative efforts
between the government, broadband industry, and academia
towards delivering on the Digital India vision. It featured a
plenary address by Former President of India,
Dr. APJ Abdul Kalam, where he inaugurated the company's
Centre of Excellence (CoE). To strengthen India's investments
in broadband technology research, Sterlite also announced
an annual seed fund of USD 100,000. This will be awarded to
promising new Indian start-ups, working on innovative
broadband deployment technologies. Agreements on
collaborative research in ultra-high speed broadband were
also signed with IIT Madras and IIT Kanpur on 29th January,
2015. Commenting on the development, Dr. Anand Agarwal,
CEO, Sterlite Technologies, said, "Sterlite is uniquely
positioned at the confluence of Government's vision of
Digital India, Make in India, and 100 Smart Cities, and the
initiatives announced on 29th January 2015 are aimed at
furthering India's broadband research muscle. Having
delivered over 40% of India's fiber network, Sterlite is playing
an integral role in National Broadband projects, as well as the
backhauling of all data on 3G/4G/ fixed networks".
Impressed with the technological and scientific capabilities of
the CoE, Dr. Kalam said, "My greetings to all of you for your
research, development and production of optical fiber glass
technology. I would urge all of you Government, public and
private institutions to evolve a road map to bring a high
speed wifi access to villages in the combination of Fibre
cable, Wi-Max, Wi-Fi and 3G/4G connectivity. My best wishes
to all the members of Sterlite Technologies Limited in the
mission of making the nation strong."
The CoE is the only such facility in India dedicated to
research and development of fiber-optic broadband
technologies. Spanning 35,000 sq. ft., it adjoins Sterlite's
integrated 20-million kms optical fiber factory in Aurangabad.
Board approves corporate restructuring as part of value unlocking for shareholders
be attractively positioned to play an integral role in
development of the country through several initiatives like
Digital India and Power 24x7”.
The corporate restructuring is viewed by the company as a
potential value creator for all shareholders combined with an
objective of bringing a sharper and independent focus on
both the segments, which have reached a certain scale and
addressing two distinct opportunities of sustainably large
magnitudes. It will essentially provide two separate and
distinct platforms, one for telecom business, which is in a
high growth stage on the backdrop of huge data
consumption opportunity and the other for Power business,
which will be a strategic vehicle for creation of infrastructure
assets in the growing transmission sector.
The Company also announced financial results for the Q4 and
full year FY15.
STERLITE TECHNOLOGIES ANNOUNCES
AND FULL YEAR 15 RESULTS
At a recent board meeting, the Board of Sterlite Technologies
Ltd. (“STL”) approved a Corporate Restructuring plan. As a
result of this restructuring, Sterlite Technologies Limited will
become a pure-play Telecom Products & Solutions
company providing Broadband Solutions for Fully Converged
Networks. The Board approved to demerge the Power
Products Business and the Power Transmission Grid Business
into a separate entity named ‘Sterlite Power Transmission
Ltd.’ (“SPTL”). The Board also approved the financial results
for the quarter and financial year ended March 31, 2015.
Sharing his vision for the Company, Mr. Anil Agarwal,
Chairman of Sterlite Technologies, said “ We are very excited
by the opportunities that are surfacing on both our Telecom
and Power businesses. This proposed restructuring is an
important step in the direction of our vision to create two
unique pure-play business entities, one focussed on
Broadband Solutions for Converged Networks and other
focussed on providing Solutions and Creating World class
Power Transmission Infrastructure. Both these businesses will
BUSINESS UPDATE BUSINESS UPDATE
I AM STERLITEI AM STERLITE
FINANCIAL HIGHLIGHTS
• Revenues for the Q4, FY15 stood at Rs. 979 crores, an
increase of 52% with respect to same period last year. Full
year revenues stood at Rs. 3030 crores.
• Q4 2015 EBITDA at Rs.131 crores continues to show
sequential growth on a Quarter on Quarter basis. On full
year basis, the standalone EBITDA for FY15 stood at Rs. 386
crores against Rs. 271 crores - EBITDA margin improved
from 10% last year to 13% this year.
• Strong volume growth across Optical Fiber and Optical
Fiber Cable of 28% and 48%respectively, while power
conductors had volume de-growth of 18%.
• Strong performance in the telecom segment reflected in
ROCE improvement from 10% in FY14 to 23% in Fy15
• Strong order book of Rs. 4,711 crores as at end of FY 15,
against Rs. 2,521 crores the previous year. Current order
book represents nearly 1.5 times of FY15 revenues.
BUSINESS HIGHLIGHTS
• Commenced capacity increase in Optical Fiber cable
business to 15 million kms (from 8 million kms) at an
estimated capex of Rs. 150 crores.
• Successfully developed innovative new optical fiber cable
products portfolio (micro-module up to 144f) for use in
Fiber to the Home applications.
• State-of-the art Centre of Excellence inaugurated in
Aurangabad by Honourable Dr. APJ Abdul Kalam with a
view to sharpen our research focus on ultra-high speed
broadband technologies.
• Power conductor business continues to expand its client
base and has added in marquee clients in Africa as well as
Latin America.
• Power transmission business successfully refinanced the
first project ENICL resulting in a release of Rs. 150 crores of
equity capital as well as reduction in interest rate by 175bps.
Q4 FY 15 Q3 FY15 Q4FY14 FY15 Fy14
Net Revenues (INR Cr) 979 895 646 3,030 2,726
Net Revenues ($ Mn) 153 140 101 473 423
EBITDA (INR Cr) 131 102 73 386 271
EBITDA ($ Mn) 20 16 11 60 42
Net Income (INR Cr) 39 23 10 84 50
Net Income ($ Mn) 6 4 2 13 8
Conversion of USD to INR at Rs 64
Standalone Financials Quarter Ended, March 31
Quarter Ended, Dec 31
Quarter Ended, March 31
Year Ended March 31
Quarter Ended, March 31
4 5
TECHNOLOGY (4G)
I AM STERLITE
6
4G or LTE (Long Term Evolution) is the fourth generation of
mobile wireless technology, which is capable of providing
higher speed up to 100Mbps under high mobility and 1Gbps
under low mobility conditions. LTE is developed by 3GPP
body and is well documented in Release 8 and 9.By end of
Jan 2015, 360 LTE networks were deployed globally. On a
global level,2 LTE networks are getting added every week.
Around 500 million LTE subscribers were present as on Dec
2014 which is around 7% of total global subscriber base.LTE
adoption is the fastest amongst all previous mobile
technologies, LTE adoption was 3 times faster than 3G.
LTE is designed to support voice as well as data in the packet
domain. It is an all IP network where Total Cost of Ownership
(TCO) of service providers is around 20-25% less than 3G.4G-
LTE technology is much more faster (50% reduction in
latency leading to faster set-up times), spectrum efficient
than earlier 3G,2G technologies. LTE supports flexible carrier
bandwidths, from 1.4MHz up to 20MHz as well as both FDD
(Frequency Division Duplexing) and TDD (Time Division
Duplex) features. In India, LTE can be deployed using
1800Mhz (Band 3), 2300Mhz (Band 40) and recently
auctioned 800Mhz(Band19)spectrum bands.
TECHNOLOGY (4G)
I AM STERLITE
-TUSHAR BELWAL
TO
OR NOT
TO
In the Indian context, Airtel and Aircel have already launched
LTE in few cities while Reliance Jio Infocomm and Tikona Digital
will be launching 4G services shortly. Most of the other Indian
operators are already trailing or will undertake limited trials and
pilots in 2015-16. It is expected that in a few years' times the
average download speed of 40 to 45Mbps will become a norm.
LTE Device ecosystem is also developing at a fast rate. Even in
the initial stage, India has around 5.5 to 6 million LTE capable
devices and 85000 active LTE users.
Presently for India, video contributes to around 40% of 10PB
Petabytes (PB) of monthly data traffic against the global
average of 55%.Video consumption is estimated to be 65% of
600 PB of monthly data traffic by year 2020. It is believed that 1
smartphone user has potential to put around 45 plus feature
phone equivalent load on existing network infrastructure. Are
our Indian operators backhaul networks or 4G network
infrastructures ready to support such non-linear data growth
rates in coming years? This is the big question, which needs to
be answered honestly.
Typically all existing operators have moved their core networks
to high capacity 100Gbps rates.100Gbps, 40Gbps and
aggregation of optical 10Gbps capacities at metro layer is also
increasing however the backhaul mobile capacity to support
such high data rates is still in nascent stages with respect to
fiber connectivity. Operators are still running majority of their
backhaul links on microwave where overloading will become a
reality very soon leading to more customer churn and coming
under competitor's pressure. Ideally very high percentage of
enodeB's or 4G base stations need to be fiberised to get an
ubiquitous 4G experience. As compared to other developed
nations like US and Canada, which have over 90% of their
telecom towers connected with high speed fibre optic cables,
India has only around 20% of towers that are fiberised and that
too in urban areas. Telecom operators and tower infrastructure
companies are adopting a cherry picking approach when it
comes to tower fiberisation. The access and backhaul networks
need a very serious re-look. Backhaul capacity is expected to
move to 200Mbps in next 2-3 years time. Furthermore, high
capacity and flexibility will be needed in next 5 or more years
time once LTE uptake starts increasing.
Data usage is addictive, video consumption is not going to
decrease, smarthpone users and mobile shipments are only
going to increase. 258 million smartphones were shipped in
2014,out of which 73% were 3G capable devices. More and
more LTE multiband devices at lower cost are better available
now, than a year back. The data demand at every enodeB's will
surpass the supplied or configured capacities using microwave
technologies.
For India to be 4G ready in the true sense, not only is there an
urgent need to upgrade the existing telecom infrastructure, but
also to overcome this mindset on extensively relying on
microwave backhaul instead of fiber connectivity as first option.
Fiber connectivity, future-proofs the infrastructure costs not
only for 4G but upcoming and beyond 5G type of
technological advancements. Incidentally, the cumulative
amount of fibre deployed in India today is about 70-80
million kms; meanwhile, China has over 1 billion kms of fibre,
as does US. Conservative estimates indicate at least 400-
500mn kms of fibre to be deployed over the next few years.
Increasing fiber penetration will not only comprise laying of
the cables during the construction of roads, but also, the
right kind of policy framework and right-of-way to make high
speed broadband a feasible option to every individual.
4G broadband wireless technologies like LTE have huge
potential to address India's broadband gap increase our GDP
output and in turn contribute to realize India's Digital vision.
Fiber infrastructures are national assets and it’s high time it
gets the due respect and treatment it deserves.
7
IN FOCUS
I AM STERLITE
IN FOCUS
I AM STERLITE
9
FIBER ROOTS THAT GIVE BROADBAND WINGS
ROOTS TO WINGS
Innovation is a part of Sterlite's DNA and is one of the key
enablers of our vision of connecting every home on the
planet. On the road towards realizing the vision, we have
crossed a major milestone, reaffirming our position as a
thought leader in the Telecommunication Industry. The thTelecom Center of Excellence (CoE) was inaugurated on 29
January, 2015 by India's former President Dr. APJ Abdul
Kalam, in a fitting event called the "Roots to Wings – Fiber
roots that give broadband wings".
The CoE is the only such facility in India dedicated to
research and development of fiber-optic broadband
technologies. Spanning 35,000 sq. ft., it adjoins Sterlite's
integrated 20-million kms optical fiber factory in
Aurangabad.
The event saw dignitaries from Telecom Industry and
Academia come together on a platform to discuss trends in
Broadband in India, Global technology directions for high
speed broadband and explore collaboration opportunities
for research in broadband.
INNOVATING EXCELLENCE
At the one-of-its-kind conclave, Sterlite announced a slew of
initiatives to sharpen research focus on ultra-high speed
broadband technologies. The conclave aligned collaborative
efforts between the government, broadband industry and
academia towards delivering on the Digital India vision. It
featured a plenary address by Dr. APJ Abdul Kalam, where he
inaugurated the CoE.
To strengthen India's investments in broadband technology
research, Sterlite also announced an annual seed fund of USD
100,000. This will be awarded to promising new Indian start-
ups, working on innovative broadband deployment
technologies. Agreements on collaborative research in ultra-
high speed broadband were also signed with IIT Madras and IIT
Kanpur, premier technical Institutes in India. "Through this
collaborative partnership, we will explore new ideas and create
unique solutions for broadband deployment in India," said Prof.
Krishnan Balasubramanian, Dean, Industrial Consultancy and
Sponsored Research, IIT-Madras. "We are excited to partner
with Sterlite Technologies. This research and development
effort in advanced optical transmission technologies is a natural
fit to IIT-Kanpur," added Prof. Siddhartha Panda, Associate
Dean, Industrial Collaboration, IIT-Kanpur.
Impressed with the technological and scientific capabilities of
the CoE, Dr. Kalam said, "My greetings to all of you for your
research, development and production of optical fiber glass
technology. I would urge all of you Government, public and
private institutions to evolve a road map to bring a high speed
Wi-Fi access to villages in the combination of Fibre cable,
Wi-Max, Wi-Fi and 3G/4G connectivity. My best wishes to all
the members of Sterlite Limited in the mission of making the
nation strong."
“MY GREETINGS TO ALL OF YOU
FOR YOUR RESEARCH,
DEVELOPMENT AND PRODUCTION
OF OPTICAL FIBER GLASS
TECHNOLOGY. I WOULD URGE ALL
OF YOU GOVERNMENT, PUBLIC
AND PRIVATE INSTITUTIONS TO
EVOLVE A ROAD MAP TO BRING A
HIGH SPEED WIFI ACCESS TO
VILLAGES IN THE COMBINATION OF
FIBRE CABLE, WI-MAX, WI-FI AND
3G/4G CONNECTIVITY. MY BEST
WISHES TO ALL THE MEMBERS OF
STERLITE LIMITED IN THE MISSION
OF MAKING THE NATION STRONG.”- Dr. APJ Abdul Kalam
8
Tête-à-Tête
I AM STERLITE
Tête-à-Tête
I AM STERLITE
1110
In CONVERSATION WITH MR. MANISH AGARWAL
A THOROUGH DISCUSSION ON THE PAST, PRESENT AND FUTURE OF THE POWER GENERATION AND TRANSMISSION SCENARIO, THE INTERVIEWEE
ADEQUATELY ANSWERS CRUCIAL QUESTIONS TOUCHING VARIOUS EMINENT ISSUES LIKE AREAS OF GROWTH IN THE POWER INDUSTRY, ON-GOING POWER PROJECTS, ECONOMICS OF THE TRADE AND TECHNOLOGICAL ADVANCEMENT IN THE INDUSTRY.
TALKS TO ON WHAT MAKES STERLITE TICK AS A POWER TRANSMISSION COMPANY.
MANISH AGARWAL, VP & BUSINESS HEAD- POWER PRODUCTS & SOLUTIONS
POWER TODAY
and re-conductoring projects that will augment and enhance
the capacity of the transmission capability to deliver the
powergenerated to the end user.
Within the overall Indian market, a surge in overhead T&D
conductor demand is expected next year. The annual demand for
conductors is now expected to be approximately. 4 Lacs MT in the
coming year provided investments and projects happen timely.
3.How about the demand-supply scenario, as power
generation companies always blame power equipment
players for untimely delivery? How equipped are you,
considering future flow of orders?
Presently in the context of power transmissions, the conductor
industry is on an idle capacity mode. The conductor capacity in
India is at least 2-3 times the foreseen annual demand.
Sterlite is the pioneer of developing and delivering solutions
for efficient power transmission with footprints in over 65
countries for our power transmission portfolio. We have the
manufacturing capacity as well as the technology to cater to
the growing electricity demand in the country and in-turn,
partner India's progress through power.
4. What is the manufacturing capacity and what kind of
investment plans have you made for expansion purposes?
Is it due to new power projects in offering?
Sterlite has conductor manufacturing capacity of over 1,65,000
1. Transmission and distribution are an integral
component of an electrical system. Can you tell us what
are the opportunities you see for this industry? And how
the market is shaping up?
The power transmission sector can no longer be viewed from
the prism of generation but as an independent sector with a
two-fold objective—setting up bulk transmission lines and
improving the national grid. Currently, the thrust is the high-
capacity corridors comprising of 400 kV & 765kV lines,
HVDC power transmission system, increasing transformer
capacity, integration of renewable energy, up-gradation of
aged infrastructure and fiber connectivity. This augurs well
for integrated transmission companies offering equipment
such as High Performance Conductors, Optical Ground Wire,
etc. and end-to-end services of transmission system
integration.
2. When do you expect new orders coming your way as
around 24,000 MW projects will go on the floor,
hopefully by FY15 end? And what will be the total
requirement for such massive power addition projects?
As a thumb rule across the globe, every penny invested in
generation has to be invested in transmission. Considering
24 GW of power addition, we will have an investment of at
least INR 1,20,000 Cr. (INR 5Cr. Per MW) invested in
transmission. This investment will come in both-newlines
MT annually. Our technical expertise and culture of
innovation creates strategic value for our customers. We plan
to invest in research and development of high performance
conductors and other new technologies to be prepared for
the technological strides that India envisages to take in the
near future.
5. How was the growth of the industry in the last couple
of years, and going forward, what will be the growth in
next two years?
The industry has experienced slow growth, largely on
account of prolonged bulge in PGCIL conductor inventory,
stalled transmission projects due to land issues, slow
clearances, and inability to raise capital. Conductor contracts
awards stalled in last two years.
With improved rate of commissioning at PGCIL, inventory
draw-down has increased significantly. Upswing is also
witnessed in other segments of markets for e.g.: several
announced projects under TBCB scheme, fast growing
renewable energy market with policies and incentives
attracting investment, etc. With the new contracts being
rolled out, market is expected to pick up in the next two years.
STERLITE IS PIONEER OF DEVELOPING AND DELIVERING SOLUTIONS FOR EFFICIENT POWER TRANSMISSION WITH FOOTPRINTS IN OVER 65 COUNTRIES
THE CSR EDGE
I AM STERLITE
Tête-à-Tête
I AM STERLITE
1312
6. In terms of market share in India, of entire power
equipment market, what will be the share of transmission
and distribution market?
As mentioned earlier, in the power sector, 50% of the
investment is in generation and 50% in transmission and
distribution. A typical new transmission line has 40% cost
allocated to conductor and hardware, 30% to towers,
foundation and labour costs and 30% to substation
equipments. The re-conductoring segment will see an increase
driven mostly by old lines coming for retrofit. The share of
transmission and distribution is expected to be higher with the
share for conductor and substation to be further enhanced in
the years to come.
7. What are the technologically advanced products
available in the Indian market?
Tell us about the manufacturing range
The segment of technologically advanced conductors is called
High Performance Conductors (HPC) which include HTLS and
low loss solutions.
The existing systems are ageing and many sections are getting
overloaded and complicated by Right of Way(ROW) issues.
Because of this the market need is slowly but surely shifting to
solutions that can utilize the existing towers or ROW
enhancing the power capability of the line. This has led to the
growth of HTLS (High Temperature Low Sag) conductor
segment. The latest technology in the HTLS is the use of ACCC
(Aluminum Conductor Composite Core) which was introduced
by Sterlite in 2010 and has grown ever since in the segment.
The use of high technology materials such as carbon core
allows the conductor to carry more than twice the power of an
existing ACSR conductor using the existing towers. Apart from
ACCC, Sterlite has also demonstrated excellence as an end to
end solution provider in other HPC solutions like ACSS and
Invar Conductors which have been deployed in India
In addition to this, we envisage that the T&D sector will work
towards reducing losses in transmission which till date has
been focused towards commercial loss reduction leading to
development of smart metering and other allied systems. It is
now time to concentrate on the technical losses as well. This
change will lead to use of conductors which specialize in
reduction of losses by around 30%. One such conductor, which TMis a patented product of Sterlite, is ECO .
Power transmission and distribution losses (Million kWh) in
India were last measured at 222,412 Million Units in 2011,
according to the World Bank. To put in perspective, T&D
Losses in 2011 costed Indian Economy approximately 1% of
GDP. Thus India at policy level and by new initiatives must plan
for new lines and re-conductoring by utilizing new
technologies like HPC that would help reduce T&D losses and
in turn contribute to the GDP of the country at large, in times
ahead.
8. What are the current trends in terms of offerings and
utilization?
The current trends are development and deployment of new
and existing technologies ranging from high performance
conductors to power monitoring devices and automatic
control systems that are gaining traction.
9. Tell us about your current order book position? By
what percent you feel your current order book in this
space will go up by FY15 end?
At the end of Quarter 2, FY 2015, Sterlite has a very healthy
order book of Rs 4900 crores split fairly evenly between
power and telecom businesses. We are upbeat about the
Indian market demand for power conductors especially High
Performance Conductors for new lines and re-conductoring
needs in the coming times.
AURANGABAD Diaries
“WE MAKE A LIVING BY WHAT WE GET, BUT WE MAKE A LIFE BY WHAT WE GIVE”
-WINSTON CHURCHILL
Sterlite Technologies Limited (STL) has undertaken varied
charitable projects to empower lives in and around
Aurangabad and set an exemplary model of social welfare by
undertaking various initiatives through the 11 eco-friendly
campaigns covered under the project Gram Samrudhi-
Pophala. The campaigns have brought a total makeover to the
village by perfecting sanitary systems, empowering cultivators
with a source of income, implementing a "go green" strategy,
helping the poorer section, donating books and leveraging
agricultural reforms. Alongside, they have also handed over
316 dragon plants, suitable for hilly and draught areas, to reap
the profits through the sale of fruits in the forthcoming season.
STL partnering with Zilla Parishad is the first Public-Private
partnership in Aurangabad District, Maharashtra that extends
financial support to augment the inadequate conditions of
toilet and drainage in Pophala village. Apart from this, the
organization has commenced a drive to educate local
population regarding the importance of clean surroundings,
which has been taken under the productive Swacch Bharat
Abhiyaan’. These efforts have spurred hygiene awareness
among the village folk and the activity of cleaning the
village together every Tuesday morning has become a regular
practice among the residents.
Pioneering the Natural Resource Management campaign,
STL has undertaken the necessary, excavation and cementing
work of Amindara dam, Dakindari dam and the Amrai dam in
Khamkheda village to preserve water thereby mitigating the
drinking water shortage and strengthening the adjoining
crop production during summer.
’
BEING STERLITIAN
I AM STERLITE
1514
THE CSR EDGE
I AM STERLITE
Not just Pophala village, even the nearby Khamkheda village
was part of the Swachh Village Drive. Among the other
initiatives the Patient Assistant Course was the standout
initiative. In association with SPMESM, (Savitribai Phule Mahila
Ekatma Samaj Mandal) STL conducted the course for those
who were willing to learn and earn. The operation got thumbs
up and was a huge success, as 80% of students were placed in
various hospitals and started earning 5000 Rs/ per month. This
encouraged STL to plan a Spoken English training course for
future.
To make Aurangabad a cataract free city, the company has
partnered with Global Eye Foundation and Dr. Nayana
Research Centre which constituted free eye check up camps,
handled 100 cataract operations free of cost, and benefited
more than 12,000 patients at varied interiors of Aurangabad.
Last but not the least, the organization supplied tankers of
drinking water to Aasaram Bapu Nagar free of cost to relieve
the populace of water scarcity caused during the summer
season.
Through all these social welfare deeds Sterlite Technologies
Limited earned a reputation as a dignified organization. The
voluntary operations foster a kind of confidence and
motivation for the company to work with double vigor in
future and consistently strive to bring many more
advancements to the society, as passion never fails.
KITE FLYING
AURANGABAD
BEING STERLITIAN
I AM STERLITE
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BEING STERLITIAN
I AM STERLITE
PUNEPUNEPUNEFEMINA
MARATHON
17
NEW OFFICE INAUGURATIONNEW OFFICE INAUGURATION
BEING STERLITIAN
I AM STERLITE
MUMBAI
WORLD CUP FEVER
SWACH BHARAT ABHIYAN
BEING STERLITIAN
I AM STERLITE
RAKHOLI & SILVASSABIRTHDAY CELEBRATIONS
19
BLOOD DONATION
18
BEING STERLITIAN
I AM STERLITE
20
BEING STERLITIAN
I AM STERLITE
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WOMEN'S DAY
HOLI CELEBRATIONSHARIDWAR
WOMEN'S DAY
23
BEING STERLITIAN
I AM STERLITE
22
BEING STERLITIAN
I AM STERLITE
COMMUNICATION MEET
HOLI CELEBRATIONSDELHI
BEING STERLITIAN
I AM STERLITE
24
ROLL OF HONOUR
I AM STERLITE
Art OF LIVING
STAR AWARDS
Krishnaji Venkata Polasanipalli
Hemsingh Hansawat
Nishi Bhusal,
Ranadip Bhaumik,
Suman Singh,
Nityanand Sharma,
Ravi Sharma,
Satyavir Singh
Kapil Tuiteja,
Vinayak Deore
Ashwani Yadav,
Atul Bhatt,
Bharat Bhushan Gairola
Manomaya Pant,
Narendra Singh
Ankit Kumar,
Atul Bhatt,
Bharat Bhushan Gairola,
Hitesh Kumar,
Jaswant Singh
Rajiv Ranjan Mishra
Ravishankar Tiwari
Imran Shaikh
Nirajnath Tripathi
Madhusudan NJ
Jawed Equbal
Khushbu Sanklecha
Ankur Gupta
K.V. Arjunan
T.V.Sudhakara Rao
Devendra Singh Chundawat
Yogesh Kumar
Navneet Kumar
Ravi Mundra
Pradeep MS
Sivaji Burada
Kailash Ekhande
Mukesh Ramkrishna Pawar
Chetan Parasane
PVN Suryanarayana
Santosh Salunkhe
Shyam Chaugule
P Mari Muthu
Mahendra Tavhare
Mastan Vali Shaik
Janardhan Bhaskar Salunkhe
Indrajit Debgupta
S. Saneeth Kumar
ROLL OF
HONOURROLL OF HONOUR
25
SPOT Prashant Vasant KarpeGaurav MahajanPraveen KumarAnuj Kumar GuptaDinkar Umesh SinghSenthilnathanAnil YadavTarun MaskhareKumar Gaurav SinghNishant GuptaPoonam MehtaAnil Chauhan,Anju TomarAnkur RuhelaParidhi NegiChirag SinghalAshish TiwariAshwani YadavKeshav PatelUdham SinghNarender SinghHitesh KumarPijus Mandal
Jaswant SinghKailash PaliwalSaurabh Pratap SinghRanadip BhaumikSuman SinghRubina WarShamshad Ahmad KhanSanjay ZutshiAlok SinghSatyavir SinghKeshav PatelUdham SinghRanadip BhaumikRavi SharmaRobin JosephSrikant MagappuPavan VAkashdeep BhardwajAnkur GuptaAjay ParmarPrashant SahaAtul AgarwalSuresh Vilas Kharade
Tushar Dagaji BoraseDurgesh Kumar ShuklaShiv Kumar BagheleSagar Prakash PatilAshutosh TrivediMansoor Mohammad Rafik ShaikhVikram SharmaVinay ShingviChandan Ashok NeheteBHushan Shivaji BhingurdeVinod ThakreSaurabh KumarRakesh PandeRhushikesh Diliprao MoharilRahul Prabhakar NachanDebasis MohantaGanesh KshirsagarSagar Vitthal GuravRaghvendra Balajirao BachewarManoj GargAmirtharaj ThiagarajanGunjan Pradip KulkarniMahesh Gaikwad
Meraj Khalid MalikSambhaji Dashrathrao MoreKundan Ramdas ShirsathDileep BaraskarManoj DharmadhikariP.T. LamboleYuvraj ParsekarPradip Kundalik SawantJommy AlumkalAkash PalodkarUttam Ananda ZimurDeepak KumarPravin Rambhau Chavan
WEDDING BELLS
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STERLITE BABIES
I AM STERLITE
27
Wedding BELLS
Wedding BELLS
Sr.No Wedding Date Employee Name Weds Location
1) 04-Jan-15 Sayyed Kadir Mehraj OF, Waluj
2) 25-Jan-15 Sandeep Gaikwad Charushila OF, Shendra
3) 29-Jan-15 Suman Singh Soni PCB Haridwar
4) 06-Feb-15 Killari Shyamu Varalakshmi OF, Waluj
5) 08-Feb-15 Prakash Kulkarni Rashmi OF, Waluj
6) 10-Feb-15 Ankit Jain Garima Delhi
7) 10-Feb-15 Mohit Dixit Swati Jammu
8) 22-Feb-15 Ashwani Yadav Neha PCB Haridwar
9) 25-Feb-15 Ankit Sharma Nikku PTB Piparia
10) 08-Mar-15 Jagveer Singh Urvashi Jalandhar
11) 14-Mar-15 Pramod Bhise Prity OF, Waluj
12) 17-Mar-15 Uttareshwar Adsule Vaishnavi OF, Shendra
Sterlite Babies
Sr. No Baby's Name Date of Birth Parents Name Location 1) Tanish Gole Feb 11th, 2015 Mithun and Sanyukta Gole Delhi 2) Miraya Mukherjee Feb 12th, 2015 Sumantra & Priyanka Mukherjee Mumbai 3) Dakshita Duggar March 03rd, 2015 Heena jain & Arpit Duggar Delhi 4) Gaushik Janjua March 19th, 2015 Prem Sagar Janjua & Alicia Braganza Mumbai
Dakshita
Tanish
Miraya
Gaushik
28
CLICKING PASSION
I AM STERLITE
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CLICKING PASSI NPASSI NPASSI N
RAKESH SHANKARThe new Sterlite Technologies office at Gurgaon is a shining example of how Sterlite as a brand
invokes deep rooted values and in its vision of connecting cultures, nations and continents binds people globally.
FIRST LOOK
I AM STERLITE
GURGAON OFFICE
CLICKING PASSION
I AM STERLITE
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CLICKING PASSION
I AM STERLITE
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ANUP JOSHI
SHILPI GUPTA
JEETENDRA SEHGAL
SANJITSINGH BHATIA
CHIRAG SINGHAL
YELLOW FEVER
I AM STERLITE
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YELLOW FEVER
I AM STERLITE
33
March 29, 2015 saw history being re-written in the field of
sports once again, as Australia became the crowned world
champions in cricket by winning the ICC Cricket World Cup
2015 for a record fifth time. They not just reclaimed the top
honor, but also earned the right to be called the 'undisputed
champions' after leveling terms with Brazil, who have the same
amount of World Cup wins in Football.
As the cricketing extravaganza of the year, the eleventh edition
of the ICC Cricket World Cup 2015 in Australia and New
Zealand came to an enthralling end, as the co-hosts, Australia
won their fifth world title by beating New Zealand by seven
wickets at the Melbourne Cricket Ground (MCG). The fifth title
for Australia is highest in cricket. . The win took Australia at par
with Brazil, who too have the same number of FIFA World Cup
titles.
First World Cup wins: Brazil 1958, Australia 1987
Latin American football powerhouse, Brazil won their maiden
FIFA World Cup title during the fifth edition, hosted by
Sweden.
Australia, on the other hand, won their maiden championship
in 1987 during the fourth edition of World Cup, held in India.
YELLOW
FEVER
UNDISPUTED CHAMPIONS…
HAVE THE SAME ‘DNA’
AND OF COURSE THE SAME COLOR!
Australia beat the arch-rivals, England by just seven runs in a
nail-biting, thrilling encounter to lift their maiden World Cup
trophy. David Boon's impressive knock of 75 and being the
leading run-scorer for Australia in the tournament did the
trick. Craig McDermott was also the leading wicket-taker.
Second World Cup wins: Brazil 1962, Australia 1999
Brazil continued their magical run and world domination in
the next edition as well, as they made it two in a row in Chile.
Australia, on the other hand, unlike Brazil, had to wait 12
years to grab their second title in the sport, and it came
during the 1999 ICC Cricket World Cup in England, which
also marked the beginning of the golden era of Australia.
Shane Warne's three-wicket haul for 44 was enough as he
was adjudged Man of the Match and was also the leading
wicket-taker of the tournament, followed by Steve Waugh as
the leading run-scorer.
Third World Cup wins: Brazil 1970, Australia 2003 Brazil, after
having made a 'two in a row' missed out on the 1966 edition.
However, it made them come back stronger in 1970 in
Mexico. In the memorable final, they faced Italy and made
them suffer their worst defeat in a final by a margin of
The first decade of this millennium saw Australia having a
dream run, as they maintained the same attitude, confidence
and composure to win ICC Cricket World Cup 2007 in the
Caribbean. Adam Gilchrist's thunderous knock of 149 was the
highlight of the final, while his fellow opening batsman,
Matthew Hayden was the leading run-scorer, followed by
Glenn McGrath as the leading wicket-taker and the Player of
the Tournament with 26 scalps.
Fifth World Cup wins: Brazil 2002, Australia 2015 This was
another heck of a tournament for Brazil and the most
memorable of all, as it was this team, that re-wrote history in
Brazilian football and took their game to the next level.
Australia too had a tough tournament this time. Being the co-
hosts, they were under a huge amount of pressure to win. But
like the earlier 4 times, they reigned supreme.
All-rounder, James Faulkner was adjudged the Man of the
Match for his brilliant bowling spell of three for 36. Mitchell
Starc was adjudged the Player of the Tournament of his
brilliant bowling as he claimed 22 wickets.
Thus, going by the records and timeline, both Brazil and
Australia have proven their worth and dominance in their
respective sport. Their performances have drawn millions of
fans from across the world and a lot is expected from these
champion teams and there will be more expectations in
future. The Yellow fever is truly here to stay.
4-1, followed by the opening goal from legendary-Pele and the
winning goal by Carlos Alberto to lift their third title, thus
beating Italy's record of two World Cup wins.
Australia continued their dream run from 1999 to 2003 in South
Africa, winning their third title and second on trot. Ricky
Ponting's brilliant 140 adjudged him the Man of the Match in
the final. Ponting was also the leading run-scorer. Brett Lee was
the leading wicket-taker with 23 scalps.
Fourth World Cup wins: Brazil 1994, Australia 2007 Brazil were
magical in FIFA World Cup 1994, as they had waited for 24 long
years to stamp authority once again. Legendary, Romario was
the best player in the tournament.
The first decade of this millennium saw Australia having a
dream run, as they maintained the same attitude, confidence
and composure to win ICC Cricket World Cup 2007 in the
Caribbean. Adam Gilchrist's thunderous knock of 149 was the
highlight of the final, while his fellow opening batsman,
Matthew Hayden was the leading run-scorer, followed by Glenn
McGrath as the leading wicket-taker and the Player of the
Tournament with 26 scalps.
WHAT'S TRENDING!
I AM STERLITE
34
WHAT'S TRENDING!
I AM STERLITE
DECODING THE 'NET NEUTRALITY' EFFECT!
35
NET NEUTRALITY IS…
Net neutrality means that governments and internet service
providers should treat all data on the internet equally -
therefore, not charging users, content, platform, site,
application or mode of communication differentially.
WHO BENEFITS?
We, the end customers do.
WHAT IGNITED THE FIRE?
Telecom service provider Bharti Airtel, towards the end of
2014, decided to charge subscribers extra for use of mobile
applications like Skype and Viber (these are also known as
over-the-top services), which created a lot of uproar and the
telco finally stayed its decision. This mind you was over and
above the internet subscription rates already paid by you.
people to give feedback to TRAI. Thousands of mails were
sent to TRAI, to protect net neutrality.
- E-commerce giant Flipkart on April 14, 2015, walked
away from Airtel Zero as it is committed to "the larger cause
of net neutrality".
- Bharti Airtel clarified its position saying there is a
misconception about its Airtel Zero service. It is not a tariff
proposition but an open-marketing platform that allows any
application or content provider to offer its service on a toll-
free basis to customers who are on the Airtel network.
- In March 2015, telecom regulator Telecom Regulatory
Authority of India (TRAI) released a paper inviting
comments from users and companies on how over-the-top
services should be regulated in the country, seeking
stakeholders' suggestions by April 24, 2015, and counter-
arguments by May 8, 2015.
- In April 2015, Bharti Airtel launched Airtel Zero, an open
marketing platform that will allow customers to access
mobile applications at zero data charges.
- Activists campaigning for net neutrality have started a
website called 'Save the Internet', to make it easier for
process. Somewhere in their minds, however, they do feel
and recognize that they are being unfairly forced to accept
discrimination. Yet, they chug along accepting discrimination
as a necessary concomitant of life!
Perfect competition, as articulated in the classical economic
sense, is a non-existent theoretical possibility. Is it really
possible to do business in a non-discriminatory way? Reality
is replete with innumerable instances where favored
treatment, nay discrimination, is a norm than an exception.
The Internet Age has thrown a new class system comprising
Netizens and Citizens. Thanks to the social media, the
Netizens have become a powerful force. And, their collective
bargaining capacity is proving to be an effective trend-
setting tool. The conventional citizens, on the other hand, are
a fragmented voice. The moot point is: Is the Net Neutrality
debate a wholesome articulation of an entire class? Or, is it
just a ventilation of anger by a new rising class?
Reference- The Hindu
DIGGING DEEPER…
Net Neutrality means giving equal treatment to all traffic on
the Net by Internet service providers. Undeniably,
discrimination is an accepted way of our life. There exists a
much larger constituency of incapacitated consumers, who
silently suffer the deliberate denial of neutrality everyday at
common places. Savvy Netizens have a way of articulating
their points of view. And, they use the social media with
sophisticated fineness.
The unsung citizens, however, have remained in the realm of
obscurity, and their voices are often drowned in the
authoritarian assertion — rather imposition — of supremacy
by self-styled rule-setters at assorted places in our own
neighborhood. These poor citizens have neither the tool
(which the Netizens have in the powerful social media) nor
the wherewithal to fight the blatant ‘non-neutrality’ that is
unleashed on them every time they make a buy.
Comprehending the loaded meaning of a sophisticated term
such as ‘neutrality’ may be beyond their simple thought
I AM STERLITE
BEYOND READING
CRUCIAL CONVERSATIONS
37
Meetings are maligned almost as frequently as doctors and
lawyers. Just about all of us have suffered through horrible
meetings that can range from a pure waste of time all the
way to destructive and relationship ending.
And yet, we are social beings. We need to exchange
information, solve problem , and build ideas together. What
DEATH BY MEETING
36
BEYOND READING
I AM STERLITE
BOOK Review
This book review does not feature leadership or
management in the title or table of contents. But
nevertheless the contents of this book can be described
among the most critically important skills any leader or
manager can learn.
The book is ‘Crucial Conversations’: Tools for Talking When
Stakes Are High by Patterson, Grenny, McMillan, and Switzler.
This is one of the few books that can be recommended to
anyone regardless of career, role, interests, or background.
Lets understand why this is such an important topic. None of
us are born with the knowledge and skill to have meaningful
and productive conversations – especially when the subject
matter is difficult and emotions run high. The dialog skills we
are born with might keep us alive, but they do not help us
thrive, grow close with others, and work together to
accomplish dreams.
Those skills we must learn. The tough part is that we need to
learn them from people who know them and are able to
transfer that knowledge to others. The even tougher part is
that there just aren't that many of those people around. So
many people live in fear that silences, their voice or causes
them to silence others.
That's where ‘Crucial Conversations’ comes into play. The
book itself defines a crucial conversation as one where
opinions vary, the stakes are high, and emotions run strong.
If we consider any of the meaningful areas in our life –
whether personal or professional, it's easy to see that the
most important parts frequently entail these types of
conversations. If we are interacting with people and we care,
we need these skills.
This book is essentially a how-to manual that helps the
reader diagnose conversations that aren't going well, learn
the reasons why this happens, and, most importantly, learn
the tools of effective dialog. The tools are easily understood
and explained with multiple sample conversations. This is
material that you can't read just once and master. Each tool
takes time to incorporate into our own conversation tool-
belts – it takes practice and reflection.
And this is where this book scores above the others! It
communicates effectively and lucidly.
are we to do? Meetings: can't live with them; can't live
without them!
Into this dilemma comes Pat Lencioni's ‘Death By Meeting: A
Leadership Fable…About Solving the Most Painful Problem in
Business’. Death by Meeting joins the Five Dysfunctions of a
Team in Lencioni's management and leadership library and
follows a similar format. A brief fable is told about a manager
struggling with meetings and discovering the principles of
making them effective.
As with all of Lencioni's work, the content is very accessible,
easy to grasp, and can be implemented quickly. ‘Death by
Meeting’ can easily be read in one or two sittings.
First, let's dispense with meeting-hatred. In reality, we don't
hate all meetings – we hate bad meetings, those poorly run,
soul-sucking, endless, vampiric drags on motivation and
productivity.
The good news is that meetings don't have to be that way. By
following a few key principles, meetings can be energizing,
mission-focused, and intensely valuable for everyone in
attendance.
Two of the most valuable concepts in ‘Death by Meeting’ are
the ideas of content and drama. Throughout the book,
Lencioni uses the metaphor of TV to describe meetings.
When it comes to content, most of us make mistake of trying
to combine dissimilar types of content in the same meeting.
For example: imagine watching an epic movie saga
simultaneously with a 60 second sound-bite cable news
show. The dissonance this produces also occurs in poorly
planned meetings.
Lencioni advocates clearly separating different meeting types
by content and purpose. I have personally found this to be a
vital principle in holding effective meetings.
A second important idea in ‘Death by Meeting’ is the need
for drama. Drama doesn't mean needless hand wringing or
conflict. What it does refer to is the need for vigorous
discussion of ideas. Outside of quick briefings, if there isn't
any healthy conflict around ideas, the meeting probably
wasn't necessary!
Any new leader or manager, as well as veterans struggling
through meeting misery, should read ‘Death by Meeting’ and
immediately implement one or two of its concepts. You'll be
glad you did!
This is a magazine full of your initiatives. To make this
magazine more reader friendly, we need your contributions,
suggestions, articles, pictures… the list in endless. The point
being, your contribution in any and every form will be a
welcome addition.
After all YOU are Sterlite.
If you have any feedback on this issue or would like to
contribute to the next edition of I am Sterlite,
write to [email protected],
WE THANK EACH AND EVERY ONE OF YOU.
Being Sterlitian: Poorti Mishra - Pune, Barkha Jagotta- Pune, Jacintha Demello - Mumbai, Deepti Das Guha - Delhi, Surbhi Verma - Rakholi, Rubina War - Haridwar
Aurangabad Diaries: Maitreyee Chitale
Tete-A-Tete: Mahima Kakkar
Technology: Tushar Belwal
First Look: Tarun Kuril
Clicking Passion: Rakesh Shankar, Anup Joshi, Shilpi Gupta, Jitendra Sehgal, Sanjitsingh Bhatia, Chirag Singhal
Theme Conceptualization: Swapnil Khapekar
Editor: Auyon Acharya
ACKNOWLEDGEMENTS