I Am Sterlite May 2015 by Sterlite Communications

ISSUE 1 | VOL.5 | MAY 2015

I AM STERLITE CONNECTING EVERY HOME ON THE PLANET

We make it easier, faster and more cost effective for service providers to build telecom & power infrastructures.

Connecting every member of the Sterlite family.

I AM STERLITE

INDEX

INDEX Page No

Sr. No

Topic

The CSR Edge....................................................................................13 - 14 Aurangabad Diaries

7 8

INDEX

Being Sterlitian................................................................................15 - 24

Aurangabad ,Pune, Mumbai, Rakholi & Silvassa, Haridwar, Delhi

Roll of Honour.........................................................................................25

Star Awards, Spot Awards

Wedding Bells .........................................................................................26

Sterlite Babies..........................................................................................27

First Look .................................................................................................28

Gurgaon Office

Clicking Passion...............................................................................29 - 31

Yellow Fever......................................................................................32 - 33

What's Trending!..............................................................................34 - 35

Decoding the 'Net Neutrality' Effect!

15 Page No

Sr. No

Topic

News Room.............................................................................................2- 3 Sterlite Technologies sharpens broadband research focus. Sterlite Grid announced successful refinancing of India’s first Ultra Mega Transmission Project, ENICL.

Business Update....................................................................................4 - 5

Technology (4G)....................................................................................6 - 7 To 4G or not to 4G -Tushar Belwal

In Focus..................................................................................................8 - 9 Innovating Excellence

Tête-à-Tête.........................................................................................10 - 12 In Conversation - Manish Agarwal, VP & Business Head- Power Products & Solutions

Beyond Reading...............................................................................36 - 37 Book Review: Crucial Conversations Book Review: Death by Meeting

I AM STERLITE

NEWS ROOM

I AM STERLITE

NEWS ROOM SOME OF THE KEY PARTNERSHIPS ANNOUNCED on 29th January, 2015 INCLUDE: 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.

STERLITE TECHNOLOGIES SHARPENS

"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.

BROADBAND RESEARCH FOCUS 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 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, 2

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.

STERLITE GRID ANNOUNCED SUCCESSFUL REFINANCING OF

INDIA'S FIRST ULTRA MEGA TRANSMISSION PROJECT, ENICL

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. 3

I AM STERLITE

BUSINESS UPDATE

STERLITE TECHNOLOGIES ANNOUNCES

AND FULL YEAR 15 RESULTS

Board approves corporate restructuring as part of value unlocking for shareholders 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 4

I AM STERLITE

FINANCIAL HIGHLIGHTS

BUSINESS 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.

• Commenced capacity increase in Optical Fiber cable business to 15 million kms (from 8 million kms) at an estimated capex of Rs. 150 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.

• Successfully developed innovative new optical fiber cable products portfolio (micro-module up to 144f) for use in Fiber to the Home applications.

• Strong volume growth across Optical Fiber and Optical Fiber Cable of 28% and 48%respectively, while power conductors had volume de-growth of 18%.

• 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.

• Strong performance in the telecom segment reflected in ROCE improvement from 10% in FY14 to 23% in Fy15

• Power conductor business continues to expand its client base and has added in marquee clients in Africa as well as Latin America.

• 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.

• 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.

Standalone Financials

Net Revenues (INR Cr) Net Revenues ($ Mn) EBITDA (INR Cr) EBITDA ($ Mn) Net Income (INR Cr) Net Income ($ Mn) Conversion of USD to INR at Rs 64

Quarter Ended, March 31 Q4 FY 15 979 153 131 20 39 6

Quarter Ended, Dec 31 Q3 FY15 895 140 102 16 23 4

Quarter Ended, March 31 Q4FY14 646 101 73 11 10 2

Quarter Ended, March 31 FY15 3,030 473 386 60 84 13

Year Ended March 31 Fy14 2,726 423 271 42 50 8

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.

I AM STERLITE

TECHNOLOGY (4G)

I AM STERLITE

TECHNOLOGY (4G) 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.

TO OR NOT

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.4GLTE 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.

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 400500mn 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 itâ&#x20AC;&#x2122;s high time it gets the due respect and treatment it deserves.

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.

-TUSHAR BELWAL 6

I AM STERLITE

IN FOCUS

I AM STERLITE

IN FOCUS

INNOVATING EXCELLENCE 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 Telecom Center of Excellence (CoE) was inaugurated on 29th 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".

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.

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 startups, working on innovative broadband deployment technologies. Agreements on collaborative research in ultrahigh 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 9

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Tête-à-Tête

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Tête-à-Tête

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, ONGOING POWER PROJECTS, ECONOMICS OF THE TRADE AND TECHNOLOGICAL ADVANCEMENT IN THE INDUSTRY. MANISH AGARWAL, VP & BUSINESS HEAD- POWER PRODUCTS & SOLUTIONS TALKS TO POWER TODAY ON WHAT MAKES STERLITE TICK AS A POWER TRANSMISSION COMPANY. 10

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 highcapacity 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

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

STERLITE IS PIONEER OF DEVELOPING AND DELIVERING SOLUTIONS FOR EFFICIENT POWER TRANSMISSION WITH FOOTPRINTS IN OVER 65 COUNTRIES 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. 11

I AM STERLITE

Tête-à-Tête

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THE CSR EDGE

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.

AURANGABAD

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 is a patented product of Sterlite, is ECOTM. 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. 12

“WE MAKE A LIVING BY WHAT WE GET, BUT WE MAKE A LIFE BY WHAT WE GIVE” -WINSTON CHURCHILL

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.

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 SamrudhiPophala. 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.

s e i r ia

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.

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, 13

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THE CSR EDGE

I AM STERLITE

BEING STERLITIAN

AURANGABAD 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.

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

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.

I AM STERLITE

BEING STERLITIAN

PUNE

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BEING STERLITIAN

NEW OFFICE

INAUGURATION

FEMINA

MARATHON

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BEING STERLITIAN

I AM STERLITE

BEING STERLITIAN

MUMBAI RAKHOLIBIRTHDAY & SILVASSA CELEBRATIONS

WORLD CUP FEVER

SWACH BHARAT ABHIYAN

BLOOD DONATION

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BEING STERLITIAN

I AM STERLITE

BEING STERLITIAN

HARIDWAR

HOLI CELEBRATIONS

WOMEN'SDAY WOMEN'SDAY

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BEING STERLITIAN

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BEING STERLITIAN

DELHI

HOLI CELEBRATIONS

COMMUNICATION MEET

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BEING STERLITIAN

I AM STERLITE

ROLL OF HONOUR

ROLL OF ROLL OF

HONOUR HONOUR

Art OF LIVING

STAR

AWARDS Prashant Vasant Karpe Gaurav Mahajan Praveen Kumar Anuj Kumar Gupta Dinkar Umesh Singh Senthilnathan Anil Yadav Tarun Maskhare Kumar Gaurav Singh Nishant Gupta Poonam Mehta Anil Chauhan, Anju Tomar Ankur Ruhela Paridhi Negi Chirag Singhal Ashish Tiwari Ashwani Yadav Keshav Patel Udham Singh Narender Singh Hitesh Kumar Pijus Mandal

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,

Jaswant Singh Kailash Paliwal Saurabh Pratap Singh Ranadip Bhaumik Suman Singh Rubina War Shamshad Ahmad Khan Sanjay Zutshi Alok Singh Satyavir Singh Keshav Patel Udham Singh Ranadip Bhaumik Ravi Sharma Robin Joseph Srikant Magappu Pavan V Akashdeep Bhardwaj Ankur Gupta Ajay Parmar Prashant Saha Atul Agarwal Suresh Vilas Kharade

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

SPOT

Tushar Dagaji Borase Durgesh Kumar Shukla Shiv Kumar Baghele Sagar Prakash Patil Ashutosh Trivedi Mansoor Mohammad Rafik Shaikh Vikram Sharma Vinay Shingvi Chandan Ashok Nehete BHushan Shivaji Bhingurde Vinod Thakre Meraj Khalid Malik Saurabh Kumar Sambhaji Dashrathrao More Rakesh Pande Kundan Ramdas Shirsath Rhushikesh Diliprao Moharil Dileep Baraskar Rahul Prabhakar Nachan Manoj Dharmadhikari Debasis Mohanta P.T. Lambole Ganesh Kshirsagar Yuvraj Parsekar Sagar Vitthal Gurav Pradip Kundalik Sawant Raghvendra Balajirao Bachewar Jommy Alumkal Manoj Garg Akash Palodkar Amirtharaj Thiagarajan Uttam Ananda Zimur Gunjan Pradip Kulkarni Deepak Kumar Pravin Rambhau Chavan Mahesh Gaikwad

I AM STERLITE

WEDDING BELLS

Wedding BELLS

I AM STERLITE

STERLITE BABIES

Gaushik

Sterlite Babies Sr. No 1) 2) 3) 4)

Sr.No

Wedding Date

Employee Name

Weds

Baby's Name Tanish Gole Miraya Mukherjee Dakshita Duggar Gaushik Janjua

Date of Birth Feb 11th, 2015 Feb 12th, 2015 March 03rd, 2015 March 19th, 2015

Parents Name Mithun and Sanyukta Gole Sumantra & Priyanka Mukherjee Heena jain & Arpit Duggar Prem Sagar Janjua & Alicia Braganza

Location Delhi Mumbai Delhi Mumbai

Location

04-Jan-15

Sayyed Kadir

Mehraj

OF, Waluj

25-Jan-15

Sandeep Gaikwad

Charushila

OF, Shendra

29-Jan-15

Suman Singh

Soni

PCB Haridwar

06-Feb-15

Killari Shyamu

Varalakshmi

OF, Waluj

08-Feb-15

Prakash Kulkarni

Rashmi

OF, Waluj

10-Feb-15

Ankit Jain

Garima

Delhi

10-Feb-15

Mohit Dixit

Swati

Jammu

22-Feb-15

Ashwani Yadav

Neha

PCB Haridwar

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

ita h s k a D

Tanish

Miraya

I AM STERLITE

FIRST LOOK

I AM STERLITE

CLICKING PASSION

CLICKING

PASSI

GURGAON OFFICE

The 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. 28

RAKESH SHANKAR 29

I AM STERLITE

CLICKING PASSION

I AM STERLITE

CLICKING PASSION

ANUP JOSHI

SANJITSINGH BHATIA

SHILPI GUPTA

JEETENDRA SEHGAL

CHIRAG SINGHAL 31

I AM STERLITE

YELLOW FEVER

I AM STERLITE

YELLOW FEVER

W O L L YE

R E V E F

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.

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.

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.

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.

UNDISPUTED CHAMPIONS…

HAVE THE SAME ‘DNA’

AND OF COURSE

THE SAME COLOR! 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. 32

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

Australia too had a tough tournament this time. Being the cohosts, 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. 33

I AM STERLITE

WHAT'S TRENDING!

I AM STERLITE

WHAT'S TRENDING! - 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 counterarguments 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

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 tollfree basis to customers who are on the Airtel network.

'NET NEUTRALITY'

DECODING THE

EFFECT!

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. 34

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

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 trendsetting 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

I AM STERLITE

BEYOND READING

BOOK Review CRUCIAL CONVERSATIONS

Those skills we must learn. The tough part is that we need to

I AM STERLITE

BEYOND READING

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 toolbelts – it takes practice and reflection. And this is where this book scores above the others! It communicates effectively and lucidly.

Two of the most valuable concepts in ‘Death by Meeting’ are the ideas of content and drama. Throughout the book,

are we to do? Meetings: can't live with them; can't live without them!

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.

Into this dilemma comes Pat Lencioni's ‘Death By Meeting: A

For example: imagine watching an epic movie saga

Leadership Fable…About Solving the Most Painful Problem in

simultaneously with a 60 second sound-bite cable news

Business’. Death by Meeting joins the Five Dysfunctions of a

show. The dissonance this produces also occurs in poorly

Team in Lencioni's management and leadership library and

planned meetings.

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.

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

First, let's dispense with meeting-hatred. In reality, we don't

discussion of ideas. Outside of quick briefings, if there isn't

hate all meetings – we hate bad meetings, those poorly run,

any healthy conflict around ideas, the meeting probably

soul-sucking, endless, vampiric drags on motivation and

wasn't necessary!

productivity.

Any new leader or manager, as well as veterans struggling

The good news is that meetings don't have to be that way. By

through meeting misery, should read ‘Death by Meeting’ and

following a few key principles, meetings can be energizing,

immediately implement one or two of its concepts. You'll be

mission-focused, and intensely valuable for everyone in

glad you did!

attendance.

DEATH BY MEETING

ACKNOWLEDGEMENTS Being Sterlitian: Poorti Mishra - Pune, Barkha JagottaPune, Jacintha Demello - Mumbai, Deepti Das Guha - Delhi, Surbhi Verma - Rakholi, Rubina War - Haridwar

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

Aurangabad Diaries: Maitreyee Chitale

among the most critically important skills any leader or manager can learn.

Tete-A-Tete: Mahima Kakkar

The book is ‘Crucial Conversations’: Tools for Talking When Technology: Tushar Belwal

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.

First Look: Tarun Kuril

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. 36

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

Clicking Passion: Rakesh Shankar, Anup Joshi, Shilpi Gupta, Jitendra Sehgal, Sanjitsingh Bhatia, Chirag Singhal Theme Conceptualization: Swapnil Khapekar Editor: Auyon Acharya

WE THANK EACH AND EVERY ONE OF YOU. 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 Swapnil.khapekar@sterlite.com, auyon.acharya@sterlite.com

information, solve problem , and build ideas together. What 37