connecting - newsletter

CONNECTINGISSUE 2, VOLUME 2, JANUARY 2013

EVERY HOME ON THE PLANET

www.sterlitetechnologies.com

A showcase of Sterlite

Technologies’ efforts towards its vision ‘TO CONNECT EVERY

HOME ON THE PLANET’.

CASE STUDYSterlite completes

first-‐ever ACCC stringing in India

TECHNOLOGYOPGW Cables for high rate

data and voice transmission

VIEWPOINTRight of Way -‐ Issues faced

by Telecom Operators

CLICK HERE TO VIEW

CONNECTINGISSUE 2, VOLUME 2, JANUARY 2013



A showcase of Sterlite

Technologies’ efforts towards its vision ‘TO CONNECT EVERY

HOME ON THE PLANET’.

CASE STUDYSterlite completes

first-‐ever ACCC stringing in India

TECHNOLOGYOPGW Cables for high rate

data and voice transmission

VIEWPOINTRight of Way -‐ Issues faced

by Telecom Operators

In this issue

I AM STERLITE

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

ChinaIndiaNetherlands

RussiaSouth AfricaTaiwan

TurkeyUnited Arab EmiratesUnited KingdomUnited 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.

Please print this news magazine only if you have to. Help us protect our environment.

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

http://www.sterlitetechnologies.com


http://www.nseindia.com

http://www.nseindia.com

http://www.bseindia.com

http://www.bseindia.com

STERLITE NEWS ROOM

JANUARY 2013 1

Anil Agarwal chosen Economic

Times Business Leader of the Year

2012

November 28, 2012: Anil Agarwal,

Chairman of Sterlite Technologies

Limited, and Founder Chairman of

Vedanta Group, one of the world’s

largest diversified natural resources

groups, has been honoured with the

coveted Economic Times Business

Leader of the Year 2012 Award. The

award was presented by the Hon.

Prime Minister of India, Dr.

Manmohan Singh in Mumbai.

The Economic Times Business

Leader of the Year Award is a part of

the ET Awards for Corporate

Excellence, given annually by

Economic Times, world’s second

largest read financial daily. The

Business Leader of the year award

“seeks to honour a leader who has

clearly demonstrated a strategic

direcòn for success, and pursued a

vision”.

On receiving the honour, Mr. Anil

Agarwal, said, “It is a great honour

and I feel humbled for having been

chosen to receive this recogniòn. I

thank the jury and the Economic

Times for giving me this award. This

award is recogniòn of the Indian

entrepreneurial spirit which has

delivered world class projects in

infrastructure and resources. India

has one of the largest deposits of

natural resources in the world.

Exploraòn and development of

these resources in a sustainable

manner has the potenàl 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

is different from typical first-‐

generaòn 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 recogniòn 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

100 'Top Telecom Cables

Company' award for the 9th year

October 19, 2012: Sterlite

Technologies received the

Voice&Data "Top Telecom Cable

Company 2011-‐12" award for being

India's biggest player in FY 2011-‐12.

As per Voice&Data 100 – India's

most comprehensive survey of

Indian telecom market – Sterlite

with revenues worth Rs 804 crore

from global sales of telecom cables,

registered the highest market share

in India.

Says KS Rao, COO (Telecom & Power

Conductors Business), Sterlite, “We

con`nue to consolidate our posiòn

and provide a range of soluòns

taking into account the current

network needs. The Indian telecom

industry is expected to register

significant growth and the demand

for fibre in the network will rise due

to increasing thrust on providing

high-‐bandwidth connec`vity

including Government spending on

crea`ng Naònal Defence and

Broadband networks.”

Reconductoring done on 132 kV

transmission lines between Pirana

and Vinzol, Gujarat, thereby doubling

the capacity of the lines.

BACKGROUND

Torrent Power Ltd, one of the leading

electrical u`liès in the Indian power

sector and part of the Torrent Group,

is one of the most experienced

private sector players in Gujarat.

Besides an all-‐round experience in

generaòn, transmission and

distribuòn of power, the company

has a proven track record of

implemen`ng large power projects.

The high points of Torrent’s foray into

power have been the acquisiòns of

two of India’s oldest u`liès – The

Surat Electricity Company Ltd and The

Ahmedabad Electricity Company Ltd.

Torrent turned them into first rate

power u`liès, in terms of

CLIENT FEATURE

operaònal efficiencies and reliability

of power supply. Today, Torrent has a

generaòn capacity of 1647.5 MW

and distributes power to more than 3

million customers annually in

Ahmedabad, Gandhinagar, Surat,

Bhiwandi and Agra.

PROJECT AIMS

Torrent Power aimed to increase

transmission capacity on its exis`ng

132 kV transmission lines between

Pirana and Vinzol, Gujarat while

maintaining low losses. However, this

was not possible using the exis`ng

ACSR Panther conductor due to the

thermal limit of the conductor and

excessive sag of the conductor.

Torrent Power made a thorough

assessment of various technologies

available in the market such as GAP,

ACSS and STACIR in addiòn to ACCC.

This assessment included the

assessment of conductor’s peak load

handling and normal load losses and

as a result ACCC was found as the

most suitable soluòn for the

applicaòn as ACCC provides lowest

of losses among all the HTLS

conductors at the same `me

maintaining sag less than ACSR at

close to double the power transfer.

THE SOLUTION

Sterlite Technologies Limited offered

Aluminum Conductor Composite Core

(ACCC) Lisbon conductor – the first of

its kind in India, as a soluòn to

relieve line congesòn. Sterlite

executed this turnkey project for

Torrent Power and the scope of work

involved supply as well as installaòn

of the conductor on 132 kV

transmission line from Pirana to

Vinzol in Gujarat.

Case study: Sterlite completes first-‐ever ACCC stringing in India for Torrent Power

2 CONNECTING

new rights-‐of-‐way. Moreover,

innova`ve HTLS products like ACCC

conductors help minimise the

environmental impact and remain

compliant with naònal legislaòn

and internaònal design standards.”

THE RESULTS

ACCC technology affords u`liès the

ability to use exis`ng towers,

therefore allowing them to avoid

having to seek permits and invest in

reinforcing tower structures, which

can shorten the amount of `me it can

take for the line to be reconductored,

and save losses due to inability to

cater to the consumers. Torrent

Power is sa`sfied with the working of

the ACCC Lisbon conductor, as it

benefioed by saving construcòn

costs of new towers While providing

addiònal power transferred capacity

to cater to peak load demand, while

reducing losses at normal loading

scenarios.

CONCLUSION

The competence of Sterlite’s HTLS

conductor installaòn was evident

from this project. This project proves

the feasibility of a reconductoring

projects in the most congested lines

where one line can be on live

condiòn while replacing the other

circuit with the high performance

conductor which will take over the

maximum capability of both the

circuits fioed with convenònal

conductor over the single circuit.

The stringing of the ACCC conductors

on the exis`ng 132 kV transmission

lines and working to a common set of

goals has meant no delays in

deployment, no loss of performance

and simple on-‐site integraòn.

conductors with the use of ACCC

conductor because the hardware is

designed in such a way that when you

dead-‐end or splice the wire, you only

have to use one crimp to put ACCC

conductor in place, versus what is

typically two crimps with most other

Hardware systems for conductors

available. This means reducing the

cri`cal hardware installaòn `me to

close to half that of a convenònal

installaòn. The reason for the same

is the core of ACCC is fastened using a

patented innova`ve design of

precision machined mechanical lock

mechanism which reduces `me

considerably as compared to

compression joints.

While the stringing of ACCC is similar

to that of ACSR, care should be taken

that the bending angle is not be less

than 30 degree, so as to protect the

core from damages. It can be stringed

with tension and pull method, and

the bending Radius should not be less

than 0.76m.

"Compleòn of this installaòn is a

vital step in moving forward with our

u`lity customer engagements. It is

important to illustrate our

conductor’s ease of installaòn to

customers as we prepare for

commercial projects over the coming

months," says K S Rao, COO –

Telecom & Power Conductors, Sterlite

Technologies Limited. "We are

confident ACCC conductors will make

a significant contribuòn to the

capacity and reliability of the power

grid in India. Also, in India,

reconductoring is a technically and

economically viable alterna`ve, as

transmission operators face

increasing opposiòn while seeking

The ACCC® conductor’s hybrid carbon

and glass fiber composite core offers

many advantages compared to an all-‐

aluminum or steel-‐reinforced

convenònal conductor. These are

high ampacity, low loss hybrid

conductors. The tensile strength of

carbon core is five `mes more than

that of convenònal steel used in

ACSR conductor. Besides, the sag of

ACCC conductor is less than that of

ACSR conductor.

The composiòn comprises carbon,

glass fiber and trapezoidal shaped

aluminum, that are resistant to

environmental degradaòn. These

conductors can reduce line losses up

to 30-‐40% compared to convenònal

conductors of the same diameter and

weight. These have 28% more

aluminium which greatly increases

capacity, reduces losses, & hence

cooler opera`ng temperatures.

Further, these are 25% stronger &

60% lighter when compared to

tradiònal steel core conductors. The

Conductor has lower coefficient of

thermal expansion which leads to less

sag at higher temperatures. The

technology is patented by CTC Cable

Corporaòn, USA and is licensed to

Sterlite Technologies.

INSTALLATION

The highlight of the project was that

this line was installed having one

circuit in live condiòn without

disrup`ng the power supply. In most

cases when you are installing a new

ACCC Conductor, it can be done as

maintenance rather than having to

shut the en`re line especially in a

double circuit line. Further, the actual

installaòn is shorter as compared to

any other HTLS or convenònal

3JANUARY 2013

Right of WayIssues faced by Telecom Operators

4

VIEWPOINT

INTRODUCTION

The telecom industry is one of the

prime contributors to India's GDP.

This coupled with its capabiliès to

deliver a host of services like e-‐

health, e-‐educaòn, commerce,

entertainment and a number of other

applicaòns have made

telecommunicaòn a basic need and

has necessitated the growth of

telecom infrastructure to cater to the

increasing demands of telecom

services in India and thus telecom

infrastructure should be treated at

par with other essenàl

infrastructures including roads and

electricity.

For the provision and building of

telecom infrastructure, infrastructure

providers/service providers need to

obtain Right of Way (“RoW”) to use

the property of another. The Indian

Telegraph Act, 1985 authorizes the

Central Government to confer

licensees, by way of a no`ficaòn, the

powers of the Telegraph Authority

under part III of the Act. The

government issued a no`ficaòn on

24th May 1999 permisng the

licensees under Secòn 4 of the Act

to seek RoW from State Authoriès

and any Public Authority. However,

IP-‐1 licensees not falling within the

ambit of licensees under Secòn 4 of

the Indian Telegraph Act, 1985 are

not allowed to seek such RoW.

In the Recommendaòns on

“Spectrum Management and

Licensing Framework” issued in May,

2010, TRAI had recommended that

Infrastructure Providers (IP-‐I) should

be brought under Unified License so

that they are able to obtain RoW for

building infrastructure.

POLICY GUIDELINES

There does not exist a uniform

naònal policy for gran`ng

permission to place a telecom

infrastructure and in absence of the

same, local civic authoriès/State

Governments have come up with

their own policies. Even though all

telecom services are governed under

the same Indian Telegraph Act, 1985,

these policy guidelines vary widely

across the country from State to

State, city to city having different

terms and condiòns, taxes, levies,

safety aspects and involve lengthy

procedure for grant of permission.

The process of obtaining RoW is

complicated and `me consuming and

involve a number of issues including

high charges for grant of permission,

complicated approval procedure and

clearances required from mul`ple

agencies resul`ng in delays. These

procedural issues have resulted in

increased costs, delayed investments,

higher roll out `me and poor quality

of service and are impeding the

growth of telecom infrastructure in

the country.

CONNECTING

Another problem faced by telecom

operators is that there have been

several instances wherein an operator

has sought RoW over a private

property and the local authoriès

have been reported to levy charges

even on property not under their

ownership or control. Furthermore,

there is no uniformity in such

charges. The local authority’s powers

in applying such charges should be

limited to only those properès which

are under the control or management

of local authoriès and the state

governments should take appropriate

measures to ensure strict compliance

in this regard.

While an applicaòn is made by a

telecom operator to obtain RoW over

a said property from a local authority,

a possibility of the local authority

refusing to grant such RoW cannot be

ruled out. In a scenario where a local

authority refuses the permission to

grant RoW or prescribes any

condiòn which is not viable for the

operator, the dispute with regard to

the same may be referred to an

officer whom the Central

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 resoluòns.

Such an authority should have a

comprehensive view of the working

of the local bodies and should also

have sufficient administra`ve

experience and stature for quick

resoluòn of the dispute.

Local authoriès oten delay

according permissions in terms of the

power entrusted to them. In the

absence of any fixed `me limit to

grant permission under the Indian

Telegraph Act, 1885, the service

providers face a considerable delay in

gesng the RoW permission. Also,

Local authoriès are allowed to

impose reasonable condiòns

regarding the payment of any

expenses to which the authority will

necessarily be put in consequence of

the laying/erecòn of the telecom

infrastructure. Since there are no

guidelines available, these charges for

restoraòn as a consequence of

infrastructure deployment differ

between different authoriès and

some`mes in two different areas

under the same authority. Non-‐

uniformity in charges and delay in

gran`ng permissions oten leads to

non agreement and delay in

execuòn of infrastructure work. The

charges for similar type of work

should be uniform and more or less

5

the same across similar types of

ciès, towns or villages. Further, there

should be a maximum prescribed

period for processing RoW

applicaòns by the local authoriès

and gran`ng permissions.

THE WAY FORWARD

In light of the above, there is an

urgent need to streamline the

procedures within the legal

framework and come up with a

naònal policy to achieve faster

growth of telecommunicaòn

services in the country. A uniform

policy should have a single legal

framework for the en`re country and

need to be applicable for

development of infrastructure

elements. Procedures for RoW

permissions should be made uniform

across the country for `mely and

faster rollout of telecom

infrastructure and engagement

should be done with State

Governments in this regard.

This arCcle was contributed by

Priyadarshi Sidhartha DGM-‐Legal,

Sterlite Technologies Limited

JANUARY 2013

6

TECHNOLOGY

While the uClizaCon of OPGW is

gaining momentum in India, these

cables are widely used globally by

power transmission uCliCes, large

power plants, and telecom service

providers planning to merge exisCng

power line infrastructure for their

long haul/access communicaCon

networks. This is due to the simple

reason that OPGW technology makes

it possible to have data transmission

through electrical transmission lines,

thereby eliminaCng concerns related

to Right of Way.

Over the years, the earth wires of

overhead transmission lines were

aimed only at protec`ng the line

conductors against lightning strokes

and, as a consequence, to reduce the

number of line outages. In addiòn,

they reduced the interference on

neighbouring installaòns.

Another important funcòn began,

when overhead lines were equipped

with earth wires cons`tu`ng specific

circuits for transmisng

telecommunicaòn signals. Such

u`lisaòn has become widespread

with the advent of . Op`cal Fiber

Composite Ground Wire (OPGW) that

provides a means of compact and

interference-‐free -‐free signal

transmission for use on electric

power lines. So, the earth wires

assumed addiònally an ac`ve

funcòn in the overhead

transmission.

Power networks connect populaòn

centres and, therefore, can provide

alterna`ve telecommunicaòn

routes, not only for electric u`liès

but also for other companies and

cable TV networks. Besides, with

development of smart energy

management systems being the need

of the hour, OPGW is a revoluònary

soluòn that enables synergies

between efficient power distribuòn

grids and high speed op`cal fiber

based SCADA networks, giving power

u`lity companies the unique

capabiliès of a telecom carrier or

service provider.

OPGW replaces a convenònal

ground wire (or earth wire) to protect

the transmission system from

lightning strikes and serves as

conduc`ve medium for carrying fault

currents to ground. It also acts as a

medium for real-‐`me monitoring and

security of the transmission system

over which it is installed – doubling

up for SCADA controls and networks.

OPGW provides telecommunicaòn

capability u`lizing the fibers.

The general construcòn of OPGW is

with a metallic tube in which op`cal

fibers are protected, which is

surrounded by layers of steel and

aluminium wires. The number, size

and material of strands depend on

the mechanical and electrical

requirement. OPGW cable is normally

CONNECTING

OPGW CablesA technology for high rate data and voice transmission

7

at the top of the overhead line

support structure.

BENEFITS

These OPGW cables can be used for

telecommunicaòn purpose by

telecom companies. For instance, it

can be used for video conferencing ,

high data rate internet connecòn,

CCTV camera surveillance and SCADA

controls, among others.

The benefits of OPGW cable are that

there is no need of Right of Way.

Addiònally, one need not fear thet

because these are over live electrical

wires. It is also secure from accidental

cusng due to some construcòn

work.

Further, there is neither any need for

digging and refiling, nor any outer

housing pipe (cement or iron etc.)

required.

Every transmission lines have two

types of conductors: one that serves

to transmit the electrical power viz.

phase conductors, and another one

called earth wire or ground wire that

is used to protect the transmission

lines from lightning surges. It also

serves to protect people or animals

from shock in case any insulator has

failed and tower short circuited.

STERLITE’S VALUE PROPOSITION

Sterlite OPGW cables are made up of

op`cal fibers contained in one or

more protec`ve fiber op`c units

combined with concentric lay

stranded metallic wires in single or

mul`ple layers.

Advanced technology is applied to

produce stainless steel tubes which

are then filled with a special hydrogen

absorbent, thixotropic filling

compound and made resistant to H2

permeability due to the seam laser

welded, herme`cally sealed

construcòn.

The cable is of compact structure

reducing both the ice load and wind

load and ensures quick dissipaòn of

heat generated by short circuit. The

cable is designed to match the

exis`ng ground wires in more or less

equal outer diameter and pulling

force-‐to-‐weight raò. Hence, the

cable can replace the exis`ng ground

wire with no need to change the

route or towers.

Further, Sterlite’s OPGW cable is

produced strictly according to

IEEE1138 and relevant internaònal

standards pertaining to its

cons`tuents.

CONCLUSION

The move towards electricity market

restructuring and reforms is gaining

momentum. Today, overhead fiber

op`c cable systems play a key role in

telecommunicaòns 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 operaòn.

This arCcle was contributed by

Ravindra Utgikar, GM -‐ Business

Development, Power Business

Typical OPGW Cable

JANUARY 2013

Financial highlights:

• Sterlite closed Q3 FY13 with

revenues of Rs 829 Crore, which is a

growth of 25% over the Q3 FY12

revenue of Rs 664 crore.

• EBITDA and net profit for the

quarter were Rs 60 crore and Rs 10

crore respec`vely. Volume growth

year on year in all core businesses.

• Power business revenue of Rs. 574

Crores and telecom business

revenue of Rs. 242 Crores.

Business Highlights:

• Notable posi`ve trends were

strengthening of South East Asian

market, stable order flow Middle

East, La`n America & Europe and

the sustainability of operaònal

EBITDA margins in the Power

Products division for the third

consecu`ve quarter.

• Sterlite received the EMC2 AWARD

2012 (Transform IT +Business).The

award recognizes innova`ve

soluòns in IT, product integraòns

and applicaòns, which create

business value and agility

• Launch of a new product – 96F/

288F dry core Ribbon cables in the

telecom segment.

• During the quarter, Sterlite’s Grid

business commenced stringing of

765 KV single circuit lines in BDTCL

& JTCL. Also, the first line amongst

BUSINESS UPDATE

Sterlite has robust revenue growth of 30% Y-‐O-‐Y... Results for the quarter ended December 31, 2012.

8 CONNECTING

Sterlite Technologies posts nine months sales of Rs.2,537Crores

sterlitetechnologies.com

NEWS RELEASEFOR IMMEDIATE PUBLICATION

Pune, India – January 28, 2013: Sterlite Technologies Limited (“Sterlite”) [BSE: 532374, NSE: STRTECH], a leading global provider of connectivity and infrastructure solutions for the power and telecom industries today announced its results for the quarter ended December 31, 2012.

Financial highlights:

• Sterlite closed Q3 FY13 with revenues of Rs 829 Crore, which is a growth of 25% over the Q3 FY12 revenue of Rs 664 crore.

• EBITDA and net profit for the quarter were Rs 60 crore and Rs 10 crore respectively.

• Power business revenue of Rs. 574 Crores and telecom business revenue of Rs. 242 Crores.

Business Highlights:

• Notable positive trends were strengthening of South East Asian market, stable order flow from Middle East, Latin America & Europe and sustainability of operational EBITDA margins in the Power Products division for the third consecutive quarter

• Sterlite received the EMC2 AWARD 2012 (Transform IT +Business).The

award recognizes innovative solutions in IT, product integrations and applications, which create business value and agility.

• Launch of a new product – 96F/288F dry core Ribbon cables in the telecom segment.

• During the quarter, Sterlite’s Grid business commenced stringing of 765 KV single circuit lines in BDTCL & JTCL. Also, the first line amongst the two for the first project, ENCIL is on track to be commissioned in Q1 FY14 and will start generating revenues. Commissioning of the second line for this project which is the

Standalone financialsQuarter endedQuarter endedQuarter ended Nine Months Dec 31Nine Months Dec 31 Year ended March

Standalone financialsDec 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

Diluted EPS (Rs.) 0.25 0.11 0.24 0.82 0.70 1.11

... Robust revenue growth of 30% Y-O-Y

Assumption US$ = Rs 55

the two for the first project, ENCIL

is on track to be commissioned in

Q1 FY14 and will start genera`ng

revenues. Commissioning of the

second line or this project which is

the Bongaigaon -‐ Siliguri line will

follow subsequently.

Outlook

At the start of Q4 FY13, Sterlite has a

strong order book of about Rs. 2000

Crores (-‐US$ 360 Million) and a bulk

of this would be executed during FY

13-‐14.

Developments to watch in coming

`mes include naònwide broadband

projects and Fiber-‐to-‐the-‐home

(FTTH) as a concept being established

across many naòns of the world.

This is besides the growth in

electricity consumpòn, which is a

key driver of demand for the

company’s power transmission

businesses. Sterlite is also taking key

inià`ves in facilita`ng the transiòn

of the power transmission industry

towards high-‐end new age

conductors that offer beoer

operaònal efficiencies by enhancing

ampacity (power carrying capability)

& reducing transmission losses. The

order wins in this quarter with some

of the export customers in this

segment is an important milestone in

the company’s journey.

The longer-‐term outlook in Sterlite’s

major end markets remains favorable,

driven by megatrends such as the

need for greater resource efficiency,

increasing urbanizaòn in the

emerging markets, and the growing

demand for more efficient and

reliable,telecommunicaòns and

power transmission soluòns

Commen`ng on future outlook and

company’s strategy Pravin Agarwal,

Whole-‐`me Director, Sterlite

Technologies Limited, said, "We

remain focused on advancing our

posiòn in the higher value, higher

growth segments of the business

market. We are confident of our

compe``ve strategy and will

con`nue to closely monitor the

challenging demand environment and

adapt towards it as we move through

the year."

9JANUARY 2013

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 naònal and state levels. But much remains to be

done. Businesses can play an

important part, par`cularly in HIV prevenòn but also in the care and

treatment of AIDS paènts. Besides, more ac`ve engagement of the

private sector is cri`cal to achieve the

scale of intervenòn needed to curb the HIV and AIDS menace.

SUSTAINABLE DEVELOPMENT

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 communiès in and around its

faciliès and geographic radius of influence, with a clear goal -‐ to give

back to society in such a way that

needs of the weaker secòns 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 populaòn in this area is almost 62% from the tribal

communiès. More than half the

populaòn 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 CampsSterlite iniàted the HIV and AIDS

Awareness programme in August

2012, with the objec`ve of protec`ng the health of the local communiès 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

Case study: HIV & AIDS Awareness Programme

10 CONNECTING

Photo: Street play on AIDS awareness

of commercial vehicles about HIV and

AIDS.

Further, Sterlite has planned a set of ac`viès 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 direcòn, Sterlite recently launched its HIV and AIDS

monthly inià`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 associaòn with Dinbandhu Youth

Welfare Trust, an NGO, Sterlite kicked

off its new monthly inià`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

distribuòn of IEC (Informaòn, Educaòn & Communicaòn) 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

educaòn ac`viès, informaòn booklets in regional languages, and

interacòns with the neighbouring

localiès. In line with this, a Truckers Camp was also organized in

associaòn with Dinbandhu Youth

11

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

informaòn, educaòn, and communicaòn material to local

sensibiliès 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

populaòn.

Measuring the effecOvenessThe HIV and AIDS programme is

spearheaded by Sterlite’s CSR team

and implemented through the NGO officers. All Sterlite units have

occupaònal health centers with basic health faciliès to treat paènts

with support from government-‐

designated medical ins`tuòns.

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.

“As part of our corporate inià`ves,

Sterlite is strongly commioed to

ensure comprehensive healthcare programmes that cover

nondiscriminaòn, prevenòn

educaòn, access to counseling and

tes`ng, and care, support, and treatment to the populaòn. As a

step in this direcòn, we will be organizing camps for appropriate

prevenòn and control of HIV and

AIDS, and we will share this exper`se across the supply chain and

communiès among which we operate,” says Major Rahul Goyal,

Head – CSR at Silvassa.

Lessons learned

The programme has several observaòns about the key factors in

its success and challenges. Some of

the key success factors include:

• Management-‐led inià`ve:

Sterlite’s management-‐led inià`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 inià`ves and providing budgetary support as

needed ensure commitment to the

programme at all levels.

Future plansSterlite wishes to further extend its

HIV and AIDS programme through its

distribuòn network. The company has formed teams at every

manufacturing locaòn to assess potenàl projects and ensure their

implementaòn, monitoring and

sustenance. The management and the teams remain commioed to the

projects and will strive towards posi`ve community impact.

JANUARY 2013

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STERLITE TECHNOLOGIES LIMITED ANNUAL REPORT 2011-12

sterlitetechnologies.com Volume - 12

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LEADER SPEAK:FROM THE CHAIRMAN’S DESK

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