Since you became CEO, how do you plan to drive growth and innovation within your power transmission and solution offerings? Kindly share your vision for the next few years.
In the next few years, we plan to take Sterlite Power’s GPS business to the forefront of the industry, with a goal of increasing our market capitalisation by five times and becoming one of the global top ten wire and cable companies.
To achieve this, we aim to expand our market share by significantly increasing our export efforts, targeting more than 50 per cent of our turnover from exports and premium markets. We also want to capitalise on our expertise in niche areas such as high-performance conductors and end-to-end HV & EHV solutions.
Additionally, we are committed to driving innovation by developing two new products each year that address client needs and overcome significant demand-supply gaps in global markets. By continuously enhancing our product portfolio and focusing on highgrowth markets, we aim to foster sustained growth and establish Sterlite Power as a leader in the power transmission sector.
How is the business shaping for Sterlite Power’s Global Products and Solutions Business? Which key markets or regions you are eyeing for expansion?
Sterlite Power’s Global Products & Solutions (GPS) business is experiencing robust growth, driven by significant tailwinds across the global market. Our products and services are in high demand, driven by evolving client needs in areas such as renewable energy integration, urbanisation, last-mile connectivity, and grid strengthening in key regions.
This story is from the August 2024 edition of The Machinist.
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This story is from the August 2024 edition of The Machinist.
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