www.sterlitetechnologies.com
ISSUE 2, VOLUME 2, JANUARY 2013
CONNECTING EVERY HOME ON THE PLANET
CASE STUDY Sterlite completes first-‐ever ACCC stringing in India
CLICK HERE TO VIEW
TECHNOLOGY OPGW Cables for high rate data and voice transmission
A showcase of Sterlite Technologies’ efforts towards its vision ‘ TO CONNECT EVERY HOME ON THE PLANET’.
VIEWPOINT Right of Way -‐ Issues faced by Telecom Operators
www.sterlitetechnologies.com
ISSUE 2, VOLUME 2, JANUARY 2013
CONNECTING EVERY HOME ON THE PLANET
CASE STUDY Sterlite completes first-‐ever ACCC stringing in India
TECHNOLOGY OPGW Cables for high rate data and voice transmission
A showcase of Sterlite Technologies’ efforts towards its vision ‘ TO CONNECT EVERY HOME ON THE PLANET’.
VIEWPOINT Right of Way -‐ Issues faced by Telecom Operators
In this issue
CLIENT FEATURE
CASE STUDY: STERLITE COMPLETES FIRST EVER ACCC STRINGING IN INDIA ........... 2
STERLITE NEWSROOM .................................................................................. 1 Anil Agarwal chosen Economic Times Business Leader of the Year 2012 Sterlite Technologies wins V&D 100 'Top Telecom Cables Company' award for the 9th year VIEWPOINT .................................................................................................... 4 Right of Way -‐ Issues faced by Telecom Operators TECHNOLOGY ................................................................................................. 6 OPGW Cables -‐ A technology for high rate data and voice transmission BUSINESS UPDATE ......................................................................................... 8 Sterlite’s business performance in Q3 FY13 BEYOND BUSINESS: SUSTAINABLE DEVELOPMENT INITIATIVES ................ 10 Case study: HIV & AIDS Awareness Programme
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About Sterlite Technologies Limited: Sterlite Technologies Limited (“Sterlite”) [BSE: 532374, NSE: STRTECH], is a leading global provider of connecJvity soluJons for the power and telecom industries. Equipped with a product porPolio that includes power conductors, opJcal fibers, telecommunicaJon cables and a comprehensive telecom systems / soluJons porPolio, Sterlite's vision is to 'Connect every home on the planet'. Sterlite is also execuJng mulJ-‐million dollar power transmission system projects, pan-‐India. www.sterlitetechnologies.com Worldwide LocaOons China India Netherlands Russia South Africa Taiwan Turkey United Arab Emirates United Kingdom United States of America Vietnam Forward-‐looking and cau@onary statements: Certain words and statements in this release concerning Sterlite Technologies Limited and its prospects, and other statements rela@ng to Sterlite Technologies’ expected financial posi@on, business strategy, the future development of Sterlite Technologies’ opera@ons and the general economy in India, are forward looking statements. Such statements involve known and unknown risks, uncertain@es and other factors, which may cause actual results, performance or achievements of Sterlite Technologies Limited, or industry results, to differ materially from those expressed or implied by such forward-‐looking statements. Such forward-‐looking statements are based on numerous assump@ons regarding Sterlite Technologies’ present and future business strategies and the environment in which Sterlite Technologies Limited will operate in the future. The important factors that could cause actual results, performance or achievements to differ materially from such forward-‐looking statements include, among others, changes in government policies or regula@ons of India and, in par@cular, changes rela@ng to the administra@on of Sterlite Technologies’ industry, and changes in general economic, business and credit condi@ons in India. Addi@onal factors that could cause actual results, performance or achievements to differ materially from such forward-‐looking statements, many of which are not in Sterlite Technologies’ control, include, but are not limited to, those risk factors discussed in Sterlite Technologies’ various filings with the Na@onal Stock Exchange, India and the Bombay Stock Exchange, India. These filings are available at www.nseindia.com and www.bseindia.com.
I AM STERLITE
STERLITE NEWS ROOM
delivered world class projects in infrastructure and resources. India has one of the largest deposits of natural resources in the world. Explora`on and development of these resources in a sustainable manner has the poten`al of crea`ng mass employment, eradica`ng poverty and making India a self sufficient economy.” The Economic Times feted Mr. Agarwal for having driven “growth in trying `mes”. They also acknowledged that his “growth story
Anil Agarwal chosen Economic
Excellence, given annually by
Times Business Leader of the Year
Economic Times, world’s second
2012
largest read financial daily. The
November 28, 2012: Anil Agarwal,
Business Leader of the year award
Chairman of Sterlite Technologies Limited, and Founder Chairman of
“seeks to honour a leader who has
Vedanta Group, one of the world’s
clearly demonstrated a strategic direc`on for success, and pursued a
largest diversified natural resources
vision”.
groups, has been honoured with the coveted Economic Times Business
On receiving the honour, Mr. Anil
Leader of the Year 2012 Award. The
Agarwal, said, “It is a great honour
award was presented by the Hon.
and I feel humbled for having been
Prime Minister of India, Dr.
chosen to receive this recogni`on. I
Manmohan Singh in Mumbai.
thank the jury and the Economic
The Economic Times Business Leader of the Year Award is a part of
Times for giving me this award. This
the ET Awards for Corporate
award is recogni`on of the Indian entrepreneurial spirit which has
is different from typical first-‐ genera`on entrepreneurs” because he was able to “expand in India and overseas with money raised in global markets”. That set him apart from other Indian entrepreneurs who have expanded in India with domes`c capital. The ET Business Leader of the Year Award is yet another recogni`on of Mr. Agarwal’s achievements. He has also been feted with the pres`gious E&Y Entrepreneur of the Year Award in 2008, and Mining Journal’s coveted Life`me Achievement Award for the year 2009.
Sterlite Technologies wins V&D
Indian telecom market – Sterlite
taking into account the current
100 'Top Telecom Cables
with revenues worth Rs 804 crore
network needs. The Indian telecom
Company' award for the 9th year
from global sales of telecom cables,
industry is expected to register
October 19, 2012: Sterlite
registered the highest market share
significant growth and the demand
Technologies received the
in India.
for fibre in the network will rise due to increasing thrust on providing
Voice&Data "Top Telecom Cable Company 2011-‐12" award for being
Says KS Rao, COO (Telecom & Power
high-‐bandwidth connec`vity
India's biggest player in FY 2011-‐12.
Conductors Business), Sterlite, “We
including Government spending on
As per Voice&Data 100 – India's
con`nue to consolidate our posi`on
crea`ng Na`onal Defence and
most comprehensive survey of
and provide a range of solu`ons
Broadband networks.”
JANUARY 2013
1
CLIENT FEATURE
Case study:
Sterlite completes first-‐ever ACCC stringing in India for Torrent Power Reconductoring done on 132 kV
opera`onal efficiencies and reliability
assessment of conductor’s peak load
transmission lines between Pirana
of power supply. Today, Torrent has a
handling and normal load losses and
and Vinzol, Gujarat, thereby doubling
genera`on capacity of 1647.5 MW
as a result ACCC was found as the
the capacity of the lines.
and distributes power to more than 3
most suitable solu`on for the
million customers annually in
applica`on as ACCC provides lowest
Ahmedabad, Gandhinagar, Surat, Bhiwandi and Agra.
of losses among all the HTLS conductors at the same `me
BACKGROUND Torrent Power Ltd, one of the leading electrical u`li`es in the Indian power
2
maintaining sag less than ACSR at
sector and part of the Torrent Group,
PROJECT AIMS
is one of the most experienced
Torrent Power aimed to increase
private sector players in Gujarat.
transmission capacity on its exis`ng
THE SOLUTION
Besides an all-‐round experience in
132 kV transmission lines between
Sterlite Technologies Limited offered
genera`on, transmission and
Pirana and Vinzol, Gujarat while
Aluminum Conductor Composite Core
distribu`on of power, the company
maintaining low losses. However, this
(ACCC) Lisbon conductor – the first of
has a proven track record of
was not possible using the exis`ng
its kind in India, as a solu`on to
implemen`ng large power projects. The high points of Torrent’s foray into
ACSR Panther conductor due to the thermal limit of the conductor and
relieve line conges`on. Sterlite executed this turnkey project for
power have been the acquisi`ons of
excessive sag of the conductor.
Torrent Power and the scope of work
two of India’s oldest u`li`es – The
Torrent Power made a thorough
involved supply as well as installa`on
Surat Electricity Company Ltd and The
assessment of various technologies
of the conductor on 132 kV
Ahmedabad Electricity Company Ltd.
available in the market such as GAP,
transmission line from Pirana to
Torrent turned them into first rate
ACSS and STACIR in addi`on to ACCC.
Vinzol in Gujarat.
power u`li`es, in terms of
This assessment included the
close to double the power transfer.
CONNECTING
The ACCC® conductor’s hybrid carbon
conductors with the use of ACCC
new rights-‐of-‐way. Moreover,
and glass fiber composite core offers
conductor because the hardware is
innova`ve HTLS products like ACCC
many advantages compared to an all-‐
designed in such a way that when you
conductors help minimise the
aluminum or steel-‐reinforced
dead-‐end or splice the wire, you only
environmental impact and remain
conven`onal conductor. These are
have to use one crimp to put ACCC
compliant with na`onal legisla`on
high ampacity, low loss hybrid conductors. The tensile strength of
conductor in place, versus what is typically two crimps with most other
and interna`onal design standards.”
carbon core is five `mes more than
Hardware systems for conductors
THE RESULTS
that of conven`onal steel used in
available. This means reducing the
ACCC technology affords u`li`es the
ACSR conductor. Besides, the sag of
cri`cal hardware installa`on `me to
ability to use exis`ng towers,
ACCC conductor is less than that of
close to half that of a conven`onal
therefore allowing them to avoid
ACSR conductor.
installa`on. The reason for the same
having to seek permits and invest in
is the core of ACCC is fastened using a
reinforcing tower structures, which
The composi`on comprises carbon,
patented innova`ve design of
can shorten the amount of `me it can
glass fiber and trapezoidal shaped
precision machined mechanical lock
take for the line to be reconductored,
aluminum, that are resistant to environmental degrada`on. These
mechanism which reduces `me considerably as compared to
and save losses due to inability to cater to the consumers. Torrent
conductors can reduce line losses up
compression joints.
Power is sa`sfied with the working of
to 30-‐40% compared to conven`onal
the ACCC Lisbon conductor, as it
conductors of the same diameter and
While the stringing of ACCC is similar
benefioed by saving construc`on
weight. These have 28% more
to that of ACSR, care should be taken
costs of new towers While providing
aluminium which greatly increases
that the bending angle is not be less
addi`onal power transferred capacity
capacity, reduces losses, & hence
than 30 degree, so as to protect the
to cater to peak load demand, while
cooler opera`ng temperatures.
core from damages. It can be stringed
reducing losses at normal loading
Further, these are 25% stronger &
with tension and pull method, and
scenarios.
60% lighter when compared to tradi`onal steel core conductors. The
the bending Radius should not be less than 0.76m. CONCLUSION
Conductor has lower coefficient of
The competence of Sterlite’s HTLS
thermal expansion which leads to less
"Comple`on of this installa`on is a
conductor installa`on was evident
sag at higher temperatures. The
vital step in moving forward with our
from this project. This project proves
technology is patented by CTC Cable
u`lity customer engagements. It is
the feasibility of a reconductoring
Corpora`on, USA and is licensed to
important to illustrate our
projects in the most congested lines
Sterlite Technologies.
conductor’s ease of installa`on to
where one line can be on live
customers as we prepare for
condi`on while replacing the other
INSTALLATION
commercial projects over the coming
circuit with the high performance
The highlight of the project was that this line was installed having one
months," says K S Rao, COO – Telecom & Power Conductors, Sterlite
conductor which will take over the maximum capability of both the
circuit in live condi`on without
Technologies Limited. "We are
circuits fioed with conven`onal
disrup`ng the power supply. In most
confident ACCC conductors will make
conductor over the single circuit.
cases when you are installing a new
a significant contribu`on to the
The stringing of the ACCC conductors
ACCC Conductor, it can be done as
capacity and reliability of the power
on the exis`ng 132 kV transmission
maintenance rather than having to
grid in India. Also, in India,
lines and working to a common set of
shut the en`re line especially in a
reconductoring is a technically and
goals has meant no delays in
double circuit line. Further, the actual
economically viable alterna`ve, as
deployment, no loss of performance
installa`on is shorter as compared to
transmission operators face
and simple on-‐site integra`on.
any other HTLS or conven`onal
increasing opposi`on while seeking
JANUARY 2013
3
VIEWPOINT
Right of Way Issues faced by Telecom Operators INTRODUCTION
powers of the Telegraph Authority
same, local civic authori`es/State
The telecom industry is one of the
under part III of the Act. The
Governments have come up with
prime contributors to India's GDP.
government issued a no`fica`on on
their own policies. Even though all
This coupled with its capabili`es to
24th May 1999 permisng the
telecom services are governed under
deliver a host of services like e-‐
licensees under Sec`on 4 of the Act
the same Indian Telegraph Act, 1985,
health, e-‐educa`on, commerce, entertainment and a number of other
to seek RoW from State Authori`es and any Public Authority. However,
these policy guidelines vary widely across the country from State to
applica`ons have made
IP-‐1 licensees not falling within the
State, city to city having different
telecommunica`on a basic need and
ambit of licensees under Sec`on 4 of
terms and condi`ons, taxes, levies,
has necessitated the growth of
the Indian Telegraph Act, 1985 are
safety aspects and involve lengthy
telecom infrastructure to cater to the
not allowed to seek such RoW.
procedure for grant of permission.
services in India and thus telecom
In the Recommenda`ons on
The process of obtaining RoW is
infrastructure should be treated at
“Spectrum Management and
complicated and `me consuming and
par with other essen`al
Licensing Framework” issued in May,
involve a number of issues including
infrastructures including roads and electricity.
2010, TRAI had recommended that Infrastructure Providers (IP-‐I) should
high charges for grant of permission, complicated approval procedure and
be brought under Unified License so
clearances required from mul`ple
For the provision and building of
that they are able to obtain RoW for
agencies resul`ng in delays. These
telecom infrastructure, infrastructure
building infrastructure.
procedural issues have resulted in
increasing demands of telecom
providers/service providers need to
4
increased costs, delayed investments,
obtain Right of Way (“RoW”) to use
POLICY GUIDELINES
higher roll out `me and poor quality
the property of another. The Indian
There does not exist a uniform
of service and are impeding the
Telegraph Act, 1985 authorizes the
na`onal policy for gran`ng
growth of telecom infrastructure in
Central Government to confer
permission to place a telecom
the country.
licensees, by way of a no`fica`on, the
infrastructure and in absence of the CONNECTING
Another problem faced by telecom
experience and stature for quick
the same across similar types of
operators is that there have been
resolu`on of the dispute.
ci`es, towns or villages. Further, there
several instances wherein an operator
should be a maximum prescribed
has sought RoW over a private
Local authori`es oten delay
period for processing RoW
property and the local authori`es
according permissions in terms of the
applica`ons by the local authori`es
have been reported to levy charges even on property not under their
power entrusted to them. In the absence of any fixed `me limit to
and gran`ng permissions.
ownership or control. Furthermore,
grant permission under the Indian
THE WAY FORWARD
there is no uniformity in such
Telegraph Act, 1885, the service
In light of the above, there is an
charges. The local authority’s powers
providers face a considerable delay in
urgent need to streamline the
in applying such charges should be
gesng the RoW permission. Also,
procedures within the legal
limited to only those proper`es which
Local authori`es are allowed to
framework and come up with a
are under the control or management
impose reasonable condi`ons
na`onal policy to achieve faster
of local authori`es and the state
regarding the payment of any
growth of telecommunica`on
governments should take appropriate
expenses to which the authority will
services in the country. A uniform
measures to ensure strict compliance in this regard.
necessarily be put in consequence of the laying/erec`on of the telecom
policy should have a single legal framework for the en`re country and
infrastructure. Since there are no
need to be applicable for
While an applica`on is made by a
guidelines available, these charges for
development of infrastructure
telecom operator to obtain RoW over
restora`on as a consequence of
elements. Procedures for RoW
a said property from a local authority,
infrastructure deployment differ
permissions should be made uniform
a possibility of the local authority
between different authori`es and
across the country for `mely and
refusing to grant such RoW cannot be
some`mes in two different areas
faster rollout of telecom
ruled out. In a scenario where a local
under the same authority. Non-‐
infrastructure and engagement
authority refuses the permission to
uniformity in charges and delay in
should be done with State
grant RoW or prescribes any condi`on which is not viable for the
gran`ng permissions oten leads to non agreement and delay in
Governments in this regard.
operator, the dispute with regard to
execu`on of infrastructure work. The
This arCcle was contributed by
the same may be referred to an
charges for similar type of work
Priyadarshi Sidhartha DGM-‐Legal,
officer whom the Central
should be uniform and more or less
Sterlite Technologies Limited
Government may appoint either generally or specifically in this regard. However, no such authority/person has been appointed by the Central government and generally in the absence of such authority, disputes are landing in courts. The Central Government should appoint an authority to resolve such disputes and provide such authority with uniform guidelines for resolu`ons. Such an authority should have a comprehensive view of the working of the local bodies and should also have sufficient administra`ve
JANUARY 2013
5
TECHNOLOGY
OPGW Cables A technology for high rate data and voice transmission While the uClizaCon of OPGW is
with earth wires cons`tu`ng specific
based SCADA networks, giving power
gaining momentum in India, these
circuits for transmisng
u`lity companies the unique
cables are widely used globally by
telecommunica`on signals. Such
capabili`es of a telecom carrier or
power transmission uCliCes, large
u`lisa`on has become widespread
service provider.
power plants, and telecom service
with the advent of . Op`cal Fiber
providers planning to merge exisCng power line infrastructure for their
Composite Ground Wire (OPGW) that provides a means of compact and
OPGW replaces a conven`onal ground wire (or earth wire) to protect
long haul/access communicaCon
interference-‐free -‐free signal
the transmission system from
networks. This is due to the simple
transmission for use on electric
lightning strikes and serves as
reason that OPGW technology makes
power lines. So, the earth wires
conduc`ve medium for carrying fault
it possible to have data transmission
assumed addi`onally an ac`ve
currents to ground. It also acts as a
through electrical transmission lines,
func`on in the overhead
medium for real-‐`me monitoring and
thereby eliminaCng concerns related
transmission.
security of the transmission system
to Right of Way.
6
over which it is installed – doubling Power networks connect popula`on
up for SCADA controls and networks.
Over the years, the earth wires of overhead transmission lines were
centres and, therefore, can provide alterna`ve telecommunica`on
OPGW provides telecommunica`on capability u`lizing the fibers.
aimed only at protec`ng the line
routes, not only for electric u`li`es
conductors against lightning strokes
but also for other companies and
The general construc`on of OPGW is
and, as a consequence, to reduce the
cable TV networks. Besides, with
with a metallic tube in which op`cal
number of line outages. In addi`on,
development of smart energy
fibers are protected, which is
they reduced the interference on
management systems being the need
surrounded by layers of steel and
neighbouring installa`ons.
of the hour, OPGW is a revolu`onary
aluminium wires. The number, size
solu`on that enables synergies
and material of strands depend on
Another important func`on began,
between efficient power distribu`on
the mechanical and electrical
when overhead lines were equipped
grids and high speed op`cal fiber
requirement. OPGW cable is normally CONNECTING
at the top of the overhead line support structure. BENEFITS These OPGW cables can be used for telecommunica`on purpose by telecom companies. For instance, it
Typical OPGW Cable
can be used for video conferencing , high data rate internet connec`on,
called earth wire or ground wire that
welded, herme`cally sealed
CCTV camera surveillance and SCADA
is used to protect the transmission
construc`on.
controls, among others.
lines from lightning surges. It also serves to protect people or animals
The cable is of compact structure
The benefits of OPGW cable are that
from shock in case any insulator has
reducing both the ice load and wind
there is no need of Right of Way.
failed and tower short circuited.
load and ensures quick dissipa`on of heat generated by short circuit. The
because these are over live electrical wires. It is also secure from accidental
STERLITE’S VALUE PROPOSITION
cable is designed to match the
Sterlite OPGW cables are made up of
exis`ng ground wires in more or less
cusng due to some construc`on
op`cal fibers contained in one or
equal outer diameter and pulling
work.
more protec`ve fiber op`c units
force-‐to-‐weight ra`o. Hence, the
combined with concentric lay
cable can replace the exis`ng ground
Further, there is neither any need for
stranded metallic wires in single or
wire with no need to change the
digging and refiling, nor any outer
mul`ple layers.
route or towers.
required.
Advanced technology is applied to produce stainless steel tubes which
Further, Sterlite’s OPGW cable is produced strictly according to
Every transmission lines have two types of conductors: one that serves
are then filled with a special hydrogen
IEEE1138 and relevant interna`onal
absorbent, thixotropic filling
standards pertaining to its
to transmit the electrical power viz.
compound and made resistant to H2
cons`tuents.
phase conductors, and another one
permeability due to the seam laser
Addi`onally, one need not fear thet
housing pipe (cement or iron etc.)
CONCLUSION The move towards electricity market restructuring and reforms is gaining momentum. Today, overhead fiber op`c cable systems play a key role in telecommunica`ons networks. Due to the fact that no civil works are required and the rights of way have already been established, it is possible to minimize costs and, most importantly, the `me required to begin network opera`on. This arCcle was contributed by Ravindra Utgikar, GM -‐ Business Development, Power Business
JANUARY 2013
7
BUSINESS UPDATE
Sterlite Technologies posts nine months sales of Rs. Sterlite has robust 2,537Crores revenue growth of 30% Y-‐O-‐Y...
... Robust revenue growth of 30% Y-O-Y Results for the quarter ended December 31, 2012.
NEWS RELEASE FOR IMMEDIATE PUBLICATION Pune, India – January 28, 2013:
Financial highlights: Limited (“Sterlite”) Sterlite Technologies Sterlite closed Q3 FSTRTECH], Y13 with a 532374, NSE: •[BSE: leading global connectivity revenues of provider Rs 829 Cof rore, which is a and infrastructure solutions for the growth of 25% over the Q3 FY12 power and telecom industries today revenue oits f Rresults s 664 cfor rore. announced the quarter EBITDA a nd n et p rofit f or the •ended December 31, 2012.
•
EBITDA and net profit for the quarter were Rs 60 crore and Rs 10 crore respectively.
• PowerHighlights: business revenue of Rs. Business
574 Crores and telecom business posi`ve trends were • Notable revenue of Rs. 242 Crores.
La`n positive America & Europe • East, Notable trends wereand
quarter were Rs 60 crore and Rs 10 crore respec`vely. Volume growth
Products ivision for the third Europe dand sustainability of
Middle East, Latin America &
• year on year in aQ3 ll core businesses. Sterlite closed FY13 with
operationalqEBITDA consecu`ve uarter. margins in the
revenues of Rsrevenue 829 Crore, business of Rwhich s. 574 is • Power a growth of 25% over the Q3 FY12 Crores and oftelecom usiness revenue Rs 664 bcrore.
received the EMC2 AWARD • Sterlite third consecutive quarter • 2012 Sterlite received the EMC2 AWARD (Transform IT +Business).The
revenue of Rs. 242 Crores.
Standalone financials
•
strengthening of South East Asian
Business market, sHighlights: table order flow Middle strengthening ofof South East Asian the sustainability opera`onal market, stable order flow from EBITDA margins in the Power
Financial highlights:
award recognizes innovative solutions in IT, product integrations and applications, which create business value and agility.
Power Products division for the
2012 (Transform IT +Business).The
Quarter ended
•
award recognizes innova`ve
Launch of a new product – 96F/ 288F dry core Ribbon cables in the and applica`ons, which create telecom segment.
solu`ons in IT, product integra`ons business value and agility
During the quarter, Sterlite’s Grid
of acommenced new product – 96F/ of • Launch business stringing 765dKV circuit clines inin the 288F ry csingle ore Ribbon ables BDTCL & JTCL. Also, the first line telecom segment. amongst the two for the first
the quarter, Sterlite’s rid • During project, ENCIL is on track toGbe commissioned in Q1 sFY14 andowill business commenced tringing f start generating revenues.
765 KV single circuit lines in BDTCL Commissioning of the second line thisAproject is the & for JTCL. lso, the which first line amongst
Nine Months Dec 31
Year ended March
Dec 12
Sep 12
Dec 11
2012
2011
2012
Net Revenues (Rs Crore)
829
842
664
2537
1918
2727
Net Revenues (US$ Mn)
151
153
121
461
349
496
EBITDA (Rs Crore)
60
54
56
188
153
223
EBITDA (US$ Mn)
11
10
10
34
28
41
PAT (Rs Crore)
10
4
9
33
27
44
PAT (US$ Mn)
2
1
2
6
5
8
0.25
0.11
0.24
0.82
0.70
1.11
Diluted EPS (Rs.)
Assumption US$ = Rs 55
8
sterlitetechnologies.com
CONNECTING
the two for the first project, ENCIL
electricity consump`on, which is a
emerging markets, and the growing
is on track to be commissioned in
key driver of demand for the
demand for more efficient and
Q1 FY14 and will start genera`ng
company’s power transmission
reliable,telecommunica`ons and
revenues. Commissioning of the
businesses. Sterlite is also taking key
power transmission solu`ons
second line or this project which is
ini`a`ves in facilita`ng the transi`on
the Bongaigaon -‐ Siliguri line will follow subsequently.
of the power transmission industry towards high-‐end new age
Commen`ng on future outlook and company’s strategy Pravin Agarwal,
conductors that offer beoer
Whole-‐`me Director, Sterlite
Outlook
opera`onal efficiencies by enhancing
Technologies Limited, said, "We
At the start of Q4 FY13, Sterlite has a
ampacity (power carrying capability)
remain focused on advancing our
strong order book of about Rs. 2000
& reducing transmission losses. The
posi`on in the higher value, higher
Crores (-‐US$ 360 Million) and a bulk
order wins in this quarter with some
growth segments of the business
of this would be executed during FY
of the export customers in this
market. We are confident of our
13-‐14.
segment is an important milestone in
compe``ve strategy and will
the company’s journey.
con`nue to closely monitor the
Developments to watch in coming `mes include na`onwide broadband
The longer-‐term outlook in Sterlite’s
challenging demand environment and adapt towards it as we move through
projects and Fiber-‐to-‐the-‐home
major end markets remains favorable,
the year."
(FTTH) as a concept being established
driven by megatrends such as the
across many na`ons of the world.
need for greater resource efficiency,
This is besides the growth in
increasing urbaniza`on in the
JANUARY 2013
9
SUSTAINABLE DEVELOPMENT
Case study: HIV & AIDS Awareness Programme Photo: Street play on AIDS awareness In its efforts to curb the HIV and AIDS epidemic, Sterlite has iniCated an awareness drive that is aimed at truckers, contract & migrant workers and members of the local community. While educaCon camps iniCally encountered resistance because of the social sCgma associated with HIV and AIDS, repeated awareness acCviCes have helped gain acceptance. The government of India has taken significant measures to curb the spread of HIV, at both na`onal and state levels. But much remains to be done. Businesses can play an important part, par`cularly in HIV preven`on but also in the care and treatment of AIDS pa`ents. Besides, more ac`ve engagement of the private sector is cri`cal to achieve the scale of interven`on needed to curb the HIV and AIDS menace. 10
Partnerships with local NGOs and other agencies have proved cri`cal to the success of ensuring that migrant workers are exposed to HIV and AIDS awareness programmes. Sterlite consciously works with communi`es in and around its facili`es and geographic radius of influence, with a clear goal -‐ to give back to society in such a way that needs of the weaker sec`ons are responded to and improvements made in the quality of their lives, especially primary healthcare. RealiOes on the ground The Union Territory of Dadra and Nagar Haveli is composed of about 72 villages. The popula`on in this area is almost 62% from the tribal communi`es. More than half the popula`on did not have accessible primary health care services within 10
km of their residences. Beginning 2006, as part of its Sustainable Development Program, Sterlite has partnered with The Indian Red Cross Society to provide primary healthcare services via a mobile dispensary. The dispensary has had a significant impact on the lives of more than a lakh beneficiaries by providing reliable, easily accessible and free of cost primary medical care at the doorstep. HIV and AIDS Awareness Camps Sterlite ini`ated the HIV and AIDS Awareness programme in August 2012, with the objec`ve of protec`ng the health of the local communi`es in which it operates. In fact, the programme extends beyond the awareness camps being organized for the local community, and includes spreading awareness among drivers CONNECTING
of commercial vehicles about HIV and AIDS. Further, Sterlite has planned a set of ac`vi`es that include the following: • Genera`ng awareness about HIV and AIDS. • Reducing s`gma (for example, des`gma`zing HIV tes`ng by promo`ng an HIV tes`ng day). • Providing referrals for counseling and tes`ng As a first step in this direc`on, Sterlite recently launched its HIV and AIDS monthly ini`a`ve at its units in the Union Territory of Dadra & Nagar Haveli. The basic approach in all three Sterlite units at Silvassa includes focussed awareness programmes among high-‐risk groups in the community through HIV and AIDS awareness programmes. But to ensure commitment from those implemen`ng the programme, the company allows each unit to improve or modify the programme according to local needs. In associa`on with Dinbandhu Youth Welfare Trust, an NGO, Sterlite kicked off its new monthly ini`a`ve -‐ an AIDS Awareness Camp by organizing a “Street Play". The first Street Play `tled “Vasu Bhai Ki Chal” was held in Rakholi (Silvassa) and included distribu`on of IEC (Informa`on, Educa`on & Communica`on) leaflets by the NGO, which was sponsored by Sterlite. The units also conduct awareness programmes for truckers and contract workers through posters, audiovisual sessions, mass educa`on ac`vi`es, informa`on booklets in regional languages, and interac`ons with the neighbouring locali`es. In line with this, a Truckers Camp was also organized in associa`on with Dinbandhu Youth
JANUARY 2013
Welfare Trust. The focus of this camp includes the drivers of commercial vehicles coming to STL plants at Rakholi. The camp is being organised as a monthly ac`vity. Effec`vely, the programme draws on the local culture, adap`ng informa`on, educa`on, and communica`on material to local sensibili`es and using cultural performances to convey HIV and AIDS messages. This strategy has helped broaden the appeal of its messages and gain acceptance for the programme among the local popula`on. Measuring the effecOveness The HIV and AIDS programme is spearheaded by Sterlite’s CSR team and implemented through the NGO officers. All Sterlite units have occupa`onal health centers with basic health facili`es to treat pa`ents with support from government-‐ designated medical ins`tu`ons. To ensure the success of the programme at the unit level, each Sterlite unit integrates shop floor employees and managers into the core team, made up of the unit head, human resource personnel, shop floor manager, and a workforce representa`ve. This core team is sensi`zed to HIV and AIDS issues at the beginning of the unit’s programme. The team par`cipates in the quarterly review of the programme undertaken in each unit and mee`ng with other partners if needed.
educa`on, access to counseling and tes`ng, and care, support, and treatment to the popula`on. As a step in this direc`on, we will be organizing camps for appropriate preven`on and control of HIV and AIDS, and we will share this exper`se across the supply chain and communi`es among which we operate,” says Major Rahul Goyal, Head – CSR at Silvassa. Lessons learned The programme has several observa`ons about the key factors in its success and challenges. Some of the key success factors include: • Management-‐led ini`a`ve: Sterlite’s management-‐led ini`a`ve has been a cri`cal factor in ensuring sustainability of the HIV and AIDS programme to date. • Commitment at all levels: Allowing each unit to develop ini`a`ves and providing budgetary support as needed ensure commitment to the programme at all levels. Future plans Sterlite wishes to further extend its HIV and AIDS programme through its distribu`on network. The company has formed teams at every manufacturing loca`on to assess poten`al projects and ensure their implementa`on, monitoring and sustenance. The management and the teams remain commioed to the projects and will strive towards posi`ve community impact.
“As part of our corporate ini`a`ves, Sterlite is strongly commioed to ensure comprehensive healthcare programmes that cover nondiscrimina`on, preven`on 11
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