We make it easier, faster and

more cost effective for

service providers to build telecom &

power infrastructures.

I AM STERLITE

ISSUE 1 | | MAY 2015VOL.5

CONNECTING EVERY HOME ON THE PLANET

Connecting every memberof the Sterlite family.

INDEX

I AM STERLITE

INDEX

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Sr. No Topic

Aurangabad ,Pune, Mumbai,

Gurgaon Office

Decoding the 'Net Neutrality' Effect!

Book Review: Crucial ConversationsBook Review: Death by Meeting

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6 The CSR Edge.................................................................Aurangabad Diaries

7 Being Sterlitian..............................................................Rakholi & Silvassa, Haridwar, Delhi

8 Roll of Honour...............................................................Star Awards, Spot Awards

9 Wedding Bells ..............................................................

10 Sterlite Babies................................................................

11 First Look ......................................................................

12 Clicking Passion.............................................................

13 Yellow Fever...................................................................

14 What's Trending!...........................................................

15 Beyond Reading............................................................

INDEXINDEXSr. No Topic

1Sterlite Technologies sharpens broadband research focus.

Sterlite Grid announced successful refinancing of India’s first

Ultra Mega Transmission Project, ENICL.

Page No

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News Room.....................................................................

2 Business Update.............................................................

3 Technology (4G).............................................................To 4G or not to 4G

4 In Focus............................................................................Innovating Excellence

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

-Tushar Belwal

3

I AM STERLITE

2

Sterlite announced a USD 100,000 annual seed fund for the

best ideas in innovative broadband deployment technologies.

The company will set-up a 5 member panel comprising

eminent members of the broadband ecosystem

Sterlite together with IIT Madras and IIT Kanpur, announced

multi-year fellowship programs, and grants to encourage

collaborative research in ultra-high speed broadband

"Through this collaborative partnership, we will explore new

ideas and create unique solutions for broadband deployment

in India," said Prof. Krishnan Balasubramanian, Dean, Industrial

Consultancy and Sponsored Research, IIT-Madras.

"We are excited to partner with Sterlite Technologies. This

research and development effort in advanced optical

transmission technologies is a natural fit to IIT-Kanpur," added

Prof. Siddhartha Panda, Associate Dean, Industrial

Collaboration, IIT-Kanpur.

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

NEWS ROOM

I AM STERLITE

Successfully introducing the strategy of recycling capital for refinancing, thereby increasing returns on investment and minimizing the cost of finance, Sterlite Grid continues to progress in the power transmission sector.

Sterlite Grid Limited successfully refinanced East North

Interconnection Company Limited [ENICL] project loan within

three months of the project becoming fully operational in

November 2014. The new financing arranged by Axis Bank,

consists of a long term loan of Rs. 925 Crores, with

significantly favourable terms as compared to the earlier

debt. This refinancing is in line with Sterlite's stated

objectives of recycling capital for increasing returns on

investment. With this transaction, Sterlite has not only

achieved reduction of 175 basis points in the interest cost on

per annum basis, but also released more than Rs. 150 Crores

after repaying its outstanding debt obligations to the

existing financial institutions. It is the first inter-state private

power transmission asset to get refinanced with such

favourable terms, reflecting keen interest of financial

institutions in funding power transmission projects with

stable long-term cash flows. The East-North Interconnection

will generate predictable and stable cash flows for more than

two decades.

Mr. Pravin Agarwal, Chairman, Sterlite Grid Limited, says "The

refinancing arrangement has not only brought down our

cost of finance substantially but it has also validated our

strategy of capital churning towards growth as a power

transmission infrastructure developer. The low risk profile as

compared to other segments within the broader

infrastructure sector coupled with credibility of our group

makes ENICL attractive for the financiers."

Sterlite has six transmission projects in its portfolio, out of

which, ENICL, India's first Ultra Mega Transmission Project

was recently commissioned enabling the northern region to

import surplus power from North-Eastern & Eastern Regions.

Power System Operation Corporation Limited (POSOCO)

identified ENICL project as one of the highest priority

projects as it provides critical connectivity for transfer of

power from the power plants in the North Eastern region. It

involves establishment of two 400 kV Double Circuit

transmission lines. All the other transmission projects are in

various stages of development and will be completed soon

as per schedule.

STERLITE GRID ANNOUNCED SUCCESSFUL REFINANCING OF

INDIA'S FIRST ULTRA MEGA TRANSMISSION

PROJECT, ENICL

NEWS ROOM

Dr. APJ Abdul Kalam applauded the remarkable efforts of Sterlite Technologies in the field of ultra-high speed broadband technology research through the use of fiber optics at the conclave held at COE, Aurangabad. Sterlite announced partnerships with IIT Kanpur and IIT Madras to further its research.

STERLITE TECHNOLOGIES SHARPENS BROADBAND RESEARCH FOCUS

Sterlite Technologies announced a slew of initiatives to sharpen

its research focus on ultra-high speed broadband technologies

at a one-of-its-kind conclave held in Aurangabad on 29th

January, 2015. The conclave aligned collaborative efforts

between the government, broadband industry, and academia

towards delivering on the Digital India vision. It featured a

plenary address by Former President of India,

Dr. APJ Abdul Kalam, where he inaugurated the company's

Centre of Excellence (CoE). To strengthen India's investments

in broadband technology research, Sterlite also announced

an annual seed fund of USD 100,000. This will be awarded to

promising new Indian start-ups, working on innovative

broadband deployment technologies. Agreements on

collaborative research in ultra-high speed broadband were

also signed with IIT Madras and IIT Kanpur on 29th January,

2015. Commenting on the development, Dr. Anand Agarwal,

CEO, Sterlite Technologies, said, "Sterlite is uniquely

positioned at the confluence of Government's vision of

Digital India, Make in India, and 100 Smart Cities, and the

initiatives announced on 29th January 2015 are aimed at

furthering India's broadband research muscle. Having

delivered over 40% of India's fiber network, Sterlite is playing

an integral role in National Broadband projects, as well as the

backhauling of all data on 3G/4G/ fixed networks".

Impressed with the technological and scientific capabilities of

the CoE, Dr. Kalam said, "My greetings to all of you for your

research, development and production of optical fiber glass

technology. I would urge all of you Government, public and

private institutions to evolve a road map to bring a high

speed wifi access to villages in the combination of Fibre

cable, Wi-Max, Wi-Fi and 3G/4G connectivity. My best wishes

to all the members of Sterlite Technologies Limited in the

mission of making the nation strong."

The CoE is the only such facility in India dedicated to

research and development of fiber-optic broadband

technologies. Spanning 35,000 sq. ft., it adjoins Sterlite's

integrated 20-million kms optical fiber factory in Aurangabad.

Board approves corporate restructuring as part of value unlocking for shareholders

be attractively positioned to play an integral role in

development of the country through several initiatives like

Digital India and Power 24x7”.

The corporate restructuring is viewed by the company as a

potential value creator for all shareholders combined with an

objective of bringing a sharper and independent focus on

both the segments, which have reached a certain scale and

addressing two distinct opportunities of sustainably large

magnitudes. It will essentially provide two separate and

distinct platforms, one for telecom business, which is in a

high growth stage on the backdrop of huge data

consumption opportunity and the other for Power business,

which will be a strategic vehicle for creation of infrastructure

assets in the growing transmission sector.

The Company also announced financial results for the Q4 and

full year FY15.

STERLITE TECHNOLOGIES ANNOUNCES

AND FULL YEAR 15 RESULTS

At a recent board meeting, the Board of Sterlite Technologies

Ltd. (“STL”) approved a Corporate Restructuring plan. As a

result of this restructuring, Sterlite Technologies Limited will

become a pure-play Telecom Products & Solutions

company providing Broadband Solutions for Fully Converged

Networks. The Board approved to demerge the Power

Products Business and the Power Transmission Grid Business

into a separate entity named ‘Sterlite Power Transmission

Ltd.’ (“SPTL”). The Board also approved the financial results

for the quarter and financial year ended March 31, 2015.

Sharing his vision for the Company, Mr. Anil Agarwal,

Chairman of Sterlite Technologies, said “ We are very excited

by the opportunities that are surfacing on both our Telecom

and Power businesses. This proposed restructuring is an

important step in the direction of our vision to create two

unique pure-play business entities, one focussed on

Broadband Solutions for Converged Networks and other

focussed on providing Solutions and Creating World class

Power Transmission Infrastructure. Both these businesses will

BUSINESS UPDATE BUSINESS UPDATE

I AM STERLITEI AM STERLITE

FINANCIAL HIGHLIGHTS

• Revenues for the Q4, FY15 stood at Rs. 979 crores, an

increase of 52% with respect to same period last year. Full

year revenues stood at Rs. 3030 crores.

• Q4 2015 EBITDA at Rs.131 crores continues to show

sequential growth on a Quarter on Quarter basis. On full

year basis, the standalone EBITDA for FY15 stood at Rs. 386

crores against Rs. 271 crores - EBITDA margin improved

from 10% last year to 13% this year.

• Strong volume growth across Optical Fiber and Optical

Fiber Cable of 28% and 48%respectively, while power

conductors had volume de-growth of 18%.

• Strong performance in the telecom segment reflected in

ROCE improvement from 10% in FY14 to 23% in Fy15

• Strong order book of Rs. 4,711 crores as at end of FY 15,

against Rs. 2,521 crores the previous year. Current order

book represents nearly 1.5 times of FY15 revenues.

BUSINESS HIGHLIGHTS

• Commenced capacity increase in Optical Fiber cable

business to 15 million kms (from 8 million kms) at an

estimated capex of Rs. 150 crores.

• Successfully developed innovative new optical fiber cable

products portfolio (micro-module up to 144f) for use in

Fiber to the Home applications.

• State-of-the art Centre of Excellence inaugurated in

Aurangabad by Honourable Dr. APJ Abdul Kalam with a

view to sharpen our research focus on ultra-high speed

broadband technologies.

• Power conductor business continues to expand its client

base and has added in marquee clients in Africa as well as

Latin America.

• Power transmission business successfully refinanced the

first project ENICL resulting in a release of Rs. 150 crores of

equity capital as well as reduction in interest rate by 175bps.

Q4 FY 15 Q3 FY15 Q4FY14 FY15 Fy14

Net Revenues (INR Cr) 979 895 646 3,030 2,726

Net Revenues ($ Mn) 153 140 101 473 423

EBITDA (INR Cr) 131 102 73 386 271

EBITDA ($ Mn) 20 16 11 60 42

Net Income (INR Cr) 39 23 10 84 50

Net Income ($ Mn) 6 4 2 13 8

Conversion of USD to INR at Rs 64

Standalone Financials Quarter Ended, March 31

Quarter Ended, Dec 31

Quarter Ended, March 31

Year Ended March 31

Quarter Ended, March 31

4 5

TECHNOLOGY (4G)

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4G or LTE (Long Term Evolution) is the fourth generation of

mobile wireless technology, which is capable of providing

higher speed up to 100Mbps under high mobility and 1Gbps

under low mobility conditions. LTE is developed by 3GPP

body and is well documented in Release 8 and 9.By end of

Jan 2015, 360 LTE networks were deployed globally. On a

global level,2 LTE networks are getting added every week.

Around 500 million LTE subscribers were present as on Dec

2014 which is around 7% of total global subscriber base.LTE

adoption is the fastest amongst all previous mobile

technologies, LTE adoption was 3 times faster than 3G.

LTE is designed to support voice as well as data in the packet

domain. It is an all IP network where Total Cost of Ownership

(TCO) of service providers is around 20-25% less than 3G.4G-

LTE technology is much more faster (50% reduction in

latency leading to faster set-up times), spectrum efficient

than earlier 3G,2G technologies. LTE supports flexible carrier

bandwidths, from 1.4MHz up to 20MHz as well as both FDD

(Frequency Division Duplexing) and TDD (Time Division

Duplex) features. In India, LTE can be deployed using

1800Mhz (Band 3), 2300Mhz (Band 40) and recently

auctioned 800Mhz(Band19)spectrum bands.

TECHNOLOGY (4G)

I AM STERLITE

-TUSHAR BELWAL

TO

OR NOT

TO

In the Indian context, Airtel and Aircel have already launched

LTE in few cities while Reliance Jio Infocomm and Tikona Digital

will be launching 4G services shortly. Most of the other Indian

operators are already trailing or will undertake limited trials and

pilots in 2015-16. It is expected that in a few years' times the

average download speed of 40 to 45Mbps will become a norm.

LTE Device ecosystem is also developing at a fast rate. Even in

the initial stage, India has around 5.5 to 6 million LTE capable

devices and 85000 active LTE users.

Presently for India, video contributes to around 40% of 10PB

Petabytes (PB) of monthly data traffic against the global

average of 55%.Video consumption is estimated to be 65% of

600 PB of monthly data traffic by year 2020. It is believed that 1

smartphone user has potential to put around 45 plus feature

phone equivalent load on existing network infrastructure. Are

our Indian operators backhaul networks or 4G network

infrastructures ready to support such non-linear data growth

rates in coming years? This is the big question, which needs to

be answered honestly.

Typically all existing operators have moved their core networks

to high capacity 100Gbps rates.100Gbps, 40Gbps and

aggregation of optical 10Gbps capacities at metro layer is also

increasing however the backhaul mobile capacity to support

such high data rates is still in nascent stages with respect to

fiber connectivity. Operators are still running majority of their

backhaul links on microwave where overloading will become a

reality very soon leading to more customer churn and coming

under competitor's pressure. Ideally very high percentage of

enodeB's or 4G base stations need to be fiberised to get an

ubiquitous 4G experience. As compared to other developed

nations like US and Canada, which have over 90% of their

telecom towers connected with high speed fibre optic cables,

India has only around 20% of towers that are fiberised and that

too in urban areas. Telecom operators and tower infrastructure

companies are adopting a cherry picking approach when it

comes to tower fiberisation. The access and backhaul networks

need a very serious re-look. Backhaul capacity is expected to

move to 200Mbps in next 2-3 years time. Furthermore, high

capacity and flexibility will be needed in next 5 or more years

time once LTE uptake starts increasing.

Data usage is addictive, video consumption is not going to

decrease, smarthpone users and mobile shipments are only

going to increase. 258 million smartphones were shipped in

2014,out of which 73% were 3G capable devices. More and

more LTE multiband devices at lower cost are better available

now, than a year back. The data demand at every enodeB's will

surpass the supplied or configured capacities using microwave

technologies.

For India to be 4G ready in the true sense, not only is there an

urgent need to upgrade the existing telecom infrastructure, but

also to overcome this mindset on extensively relying on

microwave backhaul instead of fiber connectivity as first option.

Fiber connectivity, future-proofs the infrastructure costs not

only for 4G but upcoming and beyond 5G type of

technological advancements. Incidentally, the cumulative

amount of fibre deployed in India today is about 70-80

million kms; meanwhile, China has over 1 billion kms of fibre,

as does US. Conservative estimates indicate at least 400-

500mn kms of fibre to be deployed over the next few years.

Increasing fiber penetration will not only comprise laying of

the cables during the construction of roads, but also, the

right kind of policy framework and right-of-way to make high

speed broadband a feasible option to every individual.

4G broadband wireless technologies like LTE have huge

potential to address India's broadband gap increase our GDP

output and in turn contribute to realize India's Digital vision.

Fiber infrastructures are national assets and it’s high time it

gets the due respect and treatment it deserves.

7

IN FOCUS

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IN FOCUS

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9

FIBER ROOTS THAT GIVE BROADBAND WINGS

ROOTS TO WINGS

Innovation is a part of Sterlite's DNA and is one of the key

enablers of our vision of connecting every home on the

planet. On the road towards realizing the vision, we have

crossed a major milestone, reaffirming our position as a

thought leader in the Telecommunication Industry. The thTelecom Center of Excellence (CoE) was inaugurated on 29

January, 2015 by India's former President Dr. APJ Abdul

Kalam, in a fitting event called the "Roots to Wings – Fiber

roots that give broadband wings".

The CoE is the only such facility in India dedicated to

research and development of fiber-optic broadband

technologies. Spanning 35,000 sq. ft., it adjoins Sterlite's

integrated 20-million kms optical fiber factory in

Aurangabad.

The event saw dignitaries from Telecom Industry and

Academia come together on a platform to discuss trends in

Broadband in India, Global technology directions for high

speed broadband and explore collaboration opportunities

for research in broadband.

INNOVATING EXCELLENCE

At the one-of-its-kind conclave, Sterlite announced a slew of

initiatives to sharpen research focus on ultra-high speed

broadband technologies. The conclave aligned collaborative

efforts between the government, broadband industry and

academia towards delivering on the Digital India vision. It

featured a plenary address by Dr. APJ Abdul Kalam, where he

inaugurated the CoE.

To strengthen India's investments in broadband technology

research, Sterlite also announced an annual seed fund of USD

100,000. This will be awarded to promising new Indian start-

ups, working on innovative broadband deployment

technologies. Agreements on collaborative research in ultra-

high speed broadband were also signed with IIT Madras and IIT

Kanpur, premier technical Institutes in India. "Through this

collaborative partnership, we will explore new ideas and create

unique solutions for broadband deployment in India," said Prof.

Krishnan Balasubramanian, Dean, Industrial Consultancy and

Sponsored Research, IIT-Madras. "We are excited to partner

with Sterlite Technologies. This research and development

effort in advanced optical transmission technologies is a natural

fit to IIT-Kanpur," added Prof. Siddhartha Panda, Associate

Dean, Industrial Collaboration, IIT-Kanpur.

Impressed with the technological and scientific capabilities of

the CoE, Dr. Kalam said, "My greetings to all of you for your

research, development and production of optical fiber glass

technology. I would urge all of you Government, public and

private institutions to evolve a road map to bring a high speed

Wi-Fi access to villages in the combination of Fibre cable,

Wi-Max, Wi-Fi and 3G/4G connectivity. My best wishes to all

the members of Sterlite Limited in the mission of making the

nation strong."

“MY GREETINGS TO ALL OF YOU

FOR YOUR RESEARCH,

DEVELOPMENT AND PRODUCTION

OF OPTICAL FIBER GLASS

TECHNOLOGY. I WOULD URGE ALL

OF YOU GOVERNMENT, PUBLIC

AND PRIVATE INSTITUTIONS TO

EVOLVE A ROAD MAP TO BRING A

HIGH SPEED WIFI ACCESS TO

VILLAGES IN THE COMBINATION OF

FIBRE CABLE, WI-MAX, WI-FI AND

3G/4G CONNECTIVITY. MY BEST

WISHES TO ALL THE MEMBERS OF

STERLITE LIMITED IN THE MISSION

OF MAKING THE NATION STRONG.”- Dr. APJ Abdul Kalam

8

Tête-à-Tête

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Tête-à-Tête

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1110

In CONVERSATION WITH MR. MANISH AGARWAL

A THOROUGH DISCUSSION ON THE PAST, PRESENT AND FUTURE OF THE POWER GENERATION AND TRANSMISSION SCENARIO, THE INTERVIEWEE

ADEQUATELY ANSWERS CRUCIAL QUESTIONS TOUCHING VARIOUS EMINENT ISSUES LIKE AREAS OF GROWTH IN THE POWER INDUSTRY, ON-GOING POWER PROJECTS, ECONOMICS OF THE TRADE AND TECHNOLOGICAL ADVANCEMENT IN THE INDUSTRY.

TALKS TO ON WHAT MAKES STERLITE TICK AS A POWER TRANSMISSION COMPANY.

MANISH AGARWAL, VP & BUSINESS HEAD- POWER PRODUCTS & SOLUTIONS

POWER TODAY

and re-conductoring projects that will augment and enhance

the capacity of the transmission capability to deliver the

powergenerated to the end user.

Within the overall Indian market, a surge in overhead T&D

conductor demand is expected next year. The annual demand for

conductors is now expected to be approximately. 4 Lacs MT in the

coming year provided investments and projects happen timely.

3.How about the demand-supply scenario, as power

generation companies always blame power equipment

players for untimely delivery? How equipped are you,

considering future flow of orders?

Presently in the context of power transmissions, the conductor

industry is on an idle capacity mode. The conductor capacity in

India is at least 2-3 times the foreseen annual demand.

Sterlite is the pioneer of developing and delivering solutions

for efficient power transmission with footprints in over 65

countries for our power transmission portfolio. We have the

manufacturing capacity as well as the technology to cater to

the growing electricity demand in the country and in-turn,

partner India's progress through power.

4. What is the manufacturing capacity and what kind of

investment plans have you made for expansion purposes?

Is it due to new power projects in offering?

Sterlite has conductor manufacturing capacity of over 1,65,000

1. Transmission and distribution are an integral

component of an electrical system. Can you tell us what

are the opportunities you see for this industry? And how

the market is shaping up?

The power transmission sector can no longer be viewed from

the prism of generation but as an independent sector with a

two-fold objective—setting up bulk transmission lines and

improving the national grid. Currently, the thrust is the high-

capacity corridors comprising of 400 kV & 765kV lines,

HVDC power transmission system, increasing transformer

capacity, integration of renewable energy, up-gradation of

aged infrastructure and fiber connectivity. This augurs well

for integrated transmission companies offering equipment

such as High Performance Conductors, Optical Ground Wire,

etc. and end-to-end services of transmission system

integration.

2. When do you expect new orders coming your way as

around 24,000 MW projects will go on the floor,

hopefully by FY15 end? And what will be the total

requirement for such massive power addition projects?

As a thumb rule across the globe, every penny invested in

generation has to be invested in transmission. Considering

24 GW of power addition, we will have an investment of at

least INR 1,20,000 Cr. (INR 5Cr. Per MW) invested in

transmission. This investment will come in both-newlines

MT annually. Our technical expertise and culture of

innovation creates strategic value for our customers. We plan

to invest in research and development of high performance

conductors and other new technologies to be prepared for

the technological strides that India envisages to take in the

near future.

5. How was the growth of the industry in the last couple

of years, and going forward, what will be the growth in

next two years?

The industry has experienced slow growth, largely on

account of prolonged bulge in PGCIL conductor inventory,

stalled transmission projects due to land issues, slow

clearances, and inability to raise capital. Conductor contracts

awards stalled in last two years.

With improved rate of commissioning at PGCIL, inventory

draw-down has increased significantly. Upswing is also

witnessed in other segments of markets for e.g.: several

announced projects under TBCB scheme, fast growing

renewable energy market with policies and incentives

attracting investment, etc. With the new contracts being

rolled out, market is expected to pick up in the next two years.

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

THE CSR EDGE

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Tête-à-Tête

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1312

6. In terms of market share in India, of entire power

equipment market, what will be the share of transmission

and distribution market?

As mentioned earlier, in the power sector, 50% of the

investment is in generation and 50% in transmission and

distribution. A typical new transmission line has 40% cost

allocated to conductor and hardware, 30% to towers,

foundation and labour costs and 30% to substation

equipments. The re-conductoring segment will see an increase

driven mostly by old lines coming for retrofit. The share of

transmission and distribution is expected to be higher with the

share for conductor and substation to be further enhanced in

the years to come.

7. What are the technologically advanced products

available in the Indian market?

Tell us about the manufacturing range

The segment of technologically advanced conductors is called

High Performance Conductors (HPC) which include HTLS and

low loss solutions.

The existing systems are ageing and many sections are getting

overloaded and complicated by Right of Way(ROW) issues.

Because of this the market need is slowly but surely shifting to

solutions that can utilize the existing towers or ROW

enhancing the power capability of the line. This has led to the

growth of HTLS (High Temperature Low Sag) conductor

segment. The latest technology in the HTLS is the use of ACCC

(Aluminum Conductor Composite Core) which was introduced

by Sterlite in 2010 and has grown ever since in the segment.

The use of high technology materials such as carbon core

allows the conductor to carry more than twice the power of an

existing ACSR conductor using the existing towers. Apart from

ACCC, Sterlite has also demonstrated excellence as an end to

end solution provider in other HPC solutions like ACSS and

Invar Conductors which have been deployed in India

In addition to this, we envisage that the T&D sector will work

towards reducing losses in transmission which till date has

been focused towards commercial loss reduction leading to

development of smart metering and other allied systems. It is

now time to concentrate on the technical losses as well. This

change will lead to use of conductors which specialize in

reduction of losses by around 30%. One such conductor, which TMis a patented product of Sterlite, is ECO .

Power transmission and distribution losses (Million kWh) in

India were last measured at 222,412 Million Units in 2011,

according to the World Bank. To put in perspective, T&D

Losses in 2011 costed Indian Economy approximately 1% of

GDP. Thus India at policy level and by new initiatives must plan

for new lines and re-conductoring by utilizing new

technologies like HPC that would help reduce T&D losses and

in turn contribute to the GDP of the country at large, in times

ahead.

8. What are the current trends in terms of offerings and

utilization?

The current trends are development and deployment of new

and existing technologies ranging from high performance

conductors to power monitoring devices and automatic

control systems that are gaining traction.

9. Tell us about your current order book position? By

what percent you feel your current order book in this

space will go up by FY15 end?

At the end of Quarter 2, FY 2015, Sterlite has a very healthy

order book of Rs 4900 crores split fairly evenly between

power and telecom businesses. We are upbeat about the

Indian market demand for power conductors especially High

Performance Conductors for new lines and re-conductoring

needs in the coming times.

AURANGABAD Diaries

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

-WINSTON CHURCHILL

Sterlite Technologies Limited (STL) has undertaken varied

charitable projects to empower lives in and around

Aurangabad and set an exemplary model of social welfare by

undertaking various initiatives through the 11 eco-friendly

campaigns covered under the project Gram Samrudhi-

Pophala. The campaigns have brought a total makeover to the

village by perfecting sanitary systems, empowering cultivators

with a source of income, implementing a "go green" strategy,

helping the poorer section, donating books and leveraging

agricultural reforms. Alongside, they have also handed over

316 dragon plants, suitable for hilly and draught areas, to reap

the profits through the sale of fruits in the forthcoming season.

STL partnering with Zilla Parishad is the first Public-Private

partnership in Aurangabad District, Maharashtra that extends

financial support to augment the inadequate conditions of

toilet and drainage in Pophala village. Apart from this, the

organization has commenced a drive to educate local

population regarding the importance of clean surroundings,

which has been taken under the productive Swacch Bharat

Abhiyaan’. These efforts have spurred hygiene awareness

among the village folk and the activity of cleaning the

village together every Tuesday morning has become a regular

practice among the residents.

Pioneering the Natural Resource Management campaign,

STL has undertaken the necessary, excavation and cementing

work of Amindara dam, Dakindari dam and the Amrai dam in

Khamkheda village to preserve water thereby mitigating the

drinking water shortage and strengthening the adjoining

crop production during summer.

’

BEING STERLITIAN

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1514

THE CSR EDGE

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Not just Pophala village, even the nearby Khamkheda village

was part of the Swachh Village Drive. Among the other

initiatives the Patient Assistant Course was the standout

initiative. In association with SPMESM, (Savitribai Phule Mahila

Ekatma Samaj Mandal) STL conducted the course for those

who were willing to learn and earn. The operation got thumbs

up and was a huge success, as 80% of students were placed in

various hospitals and started earning 5000 Rs/ per month. This

encouraged STL to plan a Spoken English training course for

future.

To make Aurangabad a cataract free city, the company has

partnered with Global Eye Foundation and Dr. Nayana

Research Centre which constituted free eye check up camps,

handled 100 cataract operations free of cost, and benefited

more than 12,000 patients at varied interiors of Aurangabad.

Last but not the least, the organization supplied tankers of

drinking water to Aasaram Bapu Nagar free of cost to relieve

the populace of water scarcity caused during the summer

season.

Through all these social welfare deeds Sterlite Technologies

Limited earned a reputation as a dignified organization. The

voluntary operations foster a kind of confidence and

motivation for the company to work with double vigor in

future and consistently strive to bring many more

advancements to the society, as passion never fails.

KITE FLYING

AURANGABAD

BEING STERLITIAN

I AM STERLITE

16

BEING STERLITIAN

I AM STERLITE

PUNEPUNEPUNEFEMINA

MARATHON

17

NEW OFFICE INAUGURATIONNEW OFFICE INAUGURATION

BEING STERLITIAN

I AM STERLITE

MUMBAI

WORLD CUP FEVER

SWACH BHARAT ABHIYAN

BEING STERLITIAN

I AM STERLITE

RAKHOLI & SILVASSABIRTHDAY CELEBRATIONS

19

BLOOD DONATION

18

BEING STERLITIAN

I AM STERLITE

20

BEING STERLITIAN

I AM STERLITE

21

WOMEN'S DAY

HOLI CELEBRATIONSHARIDWAR

WOMEN'S DAY

23

BEING STERLITIAN

I AM STERLITE

22

BEING STERLITIAN

I AM STERLITE

COMMUNICATION MEET

HOLI CELEBRATIONSDELHI

BEING STERLITIAN

I AM STERLITE

24

ROLL OF HONOUR

I AM STERLITE

Art OF LIVING

STAR AWARDS

Krishnaji Venkata Polasanipalli

Hemsingh Hansawat

Nishi Bhusal,

Ranadip Bhaumik,

Suman Singh,

Nityanand Sharma,

Ravi Sharma,

Satyavir Singh

Kapil Tuiteja,

Vinayak Deore

Ashwani Yadav,

Atul Bhatt,

Bharat Bhushan Gairola

Manomaya Pant,

Narendra Singh

Ankit Kumar,

Atul Bhatt,

Bharat Bhushan Gairola,

Hitesh Kumar,

Jaswant Singh

Rajiv Ranjan Mishra

Ravishankar Tiwari

Imran Shaikh

Nirajnath Tripathi

Madhusudan NJ

Jawed Equbal

Khushbu Sanklecha

Ankur Gupta

K.V. Arjunan

T.V.Sudhakara Rao

Devendra Singh Chundawat

Yogesh Kumar

Navneet Kumar

Ravi Mundra

Pradeep MS

Sivaji Burada

Kailash Ekhande

Mukesh Ramkrishna Pawar

Chetan Parasane

PVN Suryanarayana

Santosh Salunkhe

Shyam Chaugule

P Mari Muthu

Mahendra Tavhare

Mastan Vali Shaik

Janardhan Bhaskar Salunkhe

Indrajit Debgupta

S. Saneeth Kumar

ROLL OF

HONOURROLL OF HONOUR

25

SPOT Prashant Vasant KarpeGaurav MahajanPraveen KumarAnuj Kumar GuptaDinkar Umesh SinghSenthilnathanAnil YadavTarun MaskhareKumar Gaurav SinghNishant GuptaPoonam MehtaAnil Chauhan,Anju TomarAnkur RuhelaParidhi NegiChirag SinghalAshish TiwariAshwani YadavKeshav PatelUdham SinghNarender SinghHitesh KumarPijus Mandal

Jaswant SinghKailash PaliwalSaurabh Pratap SinghRanadip BhaumikSuman SinghRubina WarShamshad Ahmad KhanSanjay ZutshiAlok SinghSatyavir SinghKeshav PatelUdham SinghRanadip BhaumikRavi SharmaRobin JosephSrikant MagappuPavan VAkashdeep BhardwajAnkur GuptaAjay ParmarPrashant SahaAtul AgarwalSuresh Vilas Kharade

Tushar Dagaji BoraseDurgesh Kumar ShuklaShiv Kumar BagheleSagar Prakash PatilAshutosh TrivediMansoor Mohammad Rafik ShaikhVikram SharmaVinay ShingviChandan Ashok NeheteBHushan Shivaji BhingurdeVinod ThakreSaurabh KumarRakesh PandeRhushikesh Diliprao MoharilRahul Prabhakar NachanDebasis MohantaGanesh KshirsagarSagar Vitthal GuravRaghvendra Balajirao BachewarManoj GargAmirtharaj ThiagarajanGunjan Pradip KulkarniMahesh Gaikwad

Meraj Khalid MalikSambhaji Dashrathrao MoreKundan Ramdas ShirsathDileep BaraskarManoj DharmadhikariP.T. LamboleYuvraj ParsekarPradip Kundalik SawantJommy AlumkalAkash PalodkarUttam Ananda ZimurDeepak KumarPravin Rambhau Chavan

WEDDING BELLS

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STERLITE BABIES

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Wedding BELLS

Wedding BELLS

Sr.No Wedding Date Employee Name Weds Location

1) 04-Jan-15 Sayyed Kadir Mehraj OF, Waluj

2) 25-Jan-15 Sandeep Gaikwad Charushila OF, Shendra

3) 29-Jan-15 Suman Singh Soni PCB Haridwar

4) 06-Feb-15 Killari Shyamu Varalakshmi OF, Waluj

5) 08-Feb-15 Prakash Kulkarni Rashmi OF, Waluj

6) 10-Feb-15 Ankit Jain Garima Delhi

7) 10-Feb-15 Mohit Dixit Swati Jammu

8) 22-Feb-15 Ashwani Yadav Neha PCB Haridwar

9) 25-Feb-15 Ankit Sharma Nikku PTB Piparia

10) 08-Mar-15 Jagveer Singh Urvashi Jalandhar

11) 14-Mar-15 Pramod Bhise Prity OF, Waluj

12) 17-Mar-15 Uttareshwar Adsule Vaishnavi OF, Shendra

Sterlite Babies

Sr. No Baby's Name Date of Birth Parents Name Location 1) Tanish Gole Feb 11th, 2015 Mithun and Sanyukta Gole Delhi 2) Miraya Mukherjee Feb 12th, 2015 Sumantra & Priyanka Mukherjee Mumbai 3) Dakshita Duggar March 03rd, 2015 Heena jain & Arpit Duggar Delhi 4) Gaushik Janjua March 19th, 2015 Prem Sagar Janjua & Alicia Braganza Mumbai

Dakshita

Tanish

Miraya

Gaushik

28

CLICKING PASSION

I AM STERLITE

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CLICKING PASSI NPASSI NPASSI N

RAKESH SHANKARThe new Sterlite Technologies office at Gurgaon is a shining example of how Sterlite as a brand

invokes deep rooted values and in its vision of connecting cultures, nations and continents binds people globally.

FIRST LOOK

I AM STERLITE

GURGAON OFFICE

CLICKING PASSION

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CLICKING PASSION

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ANUP JOSHI

SHILPI GUPTA

JEETENDRA SEHGAL

SANJITSINGH BHATIA

CHIRAG SINGHAL

YELLOW FEVER

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YELLOW FEVER

I AM STERLITE

33

March 29, 2015 saw history being re-written in the field of

sports once again, as Australia became the crowned world

champions in cricket by winning the ICC Cricket World Cup

2015 for a record fifth time. They not just reclaimed the top

honor, but also earned the right to be called the 'undisputed

champions' after leveling terms with Brazil, who have the same

amount of World Cup wins in Football.

As the cricketing extravaganza of the year, the eleventh edition

of the ICC Cricket World Cup 2015 in Australia and New

Zealand came to an enthralling end, as the co-hosts, Australia

won their fifth world title by beating New Zealand by seven

wickets at the Melbourne Cricket Ground (MCG). The fifth title

for Australia is highest in cricket. . The win took Australia at par

with Brazil, who too have the same number of FIFA World Cup

titles.

First World Cup wins: Brazil 1958, Australia 1987

Latin American football powerhouse, Brazil won their maiden

FIFA World Cup title during the fifth edition, hosted by

Sweden.

Australia, on the other hand, won their maiden championship

in 1987 during the fourth edition of World Cup, held in India.

YELLOW

FEVER

UNDISPUTED CHAMPIONS…

HAVE THE SAME ‘DNA’

AND OF COURSE THE SAME COLOR!

Australia beat the arch-rivals, England by just seven runs in a

nail-biting, thrilling encounter to lift their maiden World Cup

trophy. David Boon's impressive knock of 75 and being the

leading run-scorer for Australia in the tournament did the

trick. Craig McDermott was also the leading wicket-taker.

Second World Cup wins: Brazil 1962, Australia 1999

Brazil continued their magical run and world domination in

the next edition as well, as they made it two in a row in Chile.

Australia, on the other hand, unlike Brazil, had to wait 12

years to grab their second title in the sport, and it came

during the 1999 ICC Cricket World Cup in England, which

also marked the beginning of the golden era of Australia.

Shane Warne's three-wicket haul for 44 was enough as he

was adjudged Man of the Match and was also the leading

wicket-taker of the tournament, followed by Steve Waugh as

the leading run-scorer.

Third World Cup wins: Brazil 1970, Australia 2003 Brazil, after

having made a 'two in a row' missed out on the 1966 edition.

However, it made them come back stronger in 1970 in

Mexico. In the memorable final, they faced Italy and made

them suffer their worst defeat in a final by a margin of

The first decade of this millennium saw Australia having a

dream run, as they maintained the same attitude, confidence

and composure to win ICC Cricket World Cup 2007 in the

Caribbean. Adam Gilchrist's thunderous knock of 149 was the

highlight of the final, while his fellow opening batsman,

Matthew Hayden was the leading run-scorer, followed by

Glenn McGrath as the leading wicket-taker and the Player of

the Tournament with 26 scalps.

Fifth World Cup wins: Brazil 2002, Australia 2015 This was

another heck of a tournament for Brazil and the most

memorable of all, as it was this team, that re-wrote history in

Brazilian football and took their game to the next level.

Australia too had a tough tournament this time. Being the co-

hosts, they were under a huge amount of pressure to win. But

like the earlier 4 times, they reigned supreme.

All-rounder, James Faulkner was adjudged the Man of the

Match for his brilliant bowling spell of three for 36. Mitchell

Starc was adjudged the Player of the Tournament of his

brilliant bowling as he claimed 22 wickets.

Thus, going by the records and timeline, both Brazil and

Australia have proven their worth and dominance in their

respective sport. Their performances have drawn millions of

fans from across the world and a lot is expected from these

champion teams and there will be more expectations in

future. The Yellow fever is truly here to stay.

4-1, followed by the opening goal from legendary-Pele and the

winning goal by Carlos Alberto to lift their third title, thus

beating Italy's record of two World Cup wins.

Australia continued their dream run from 1999 to 2003 in South

Africa, winning their third title and second on trot. Ricky

Ponting's brilliant 140 adjudged him the Man of the Match in

the final. Ponting was also the leading run-scorer. Brett Lee was

the leading wicket-taker with 23 scalps.

Fourth World Cup wins: Brazil 1994, Australia 2007 Brazil were

magical in FIFA World Cup 1994, as they had waited for 24 long

years to stamp authority once again. Legendary, Romario was

the best player in the tournament.

The first decade of this millennium saw Australia having a

dream run, as they maintained the same attitude, confidence

and composure to win ICC Cricket World Cup 2007 in the

Caribbean. Adam Gilchrist's thunderous knock of 149 was the

highlight of the final, while his fellow opening batsman,

Matthew Hayden was the leading run-scorer, followed by Glenn

McGrath as the leading wicket-taker and the Player of the

Tournament with 26 scalps.

WHAT'S TRENDING!

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WHAT'S TRENDING!

I AM STERLITE

DECODING THE 'NET NEUTRALITY' EFFECT!

35

NET NEUTRALITY IS…

Net neutrality means that governments and internet service

providers should treat all data on the internet equally -

therefore, not charging users, content, platform, site,

application or mode of communication differentially.

WHO BENEFITS?

We, the end customers do.

WHAT IGNITED THE FIRE?

Telecom service provider Bharti Airtel, towards the end of

2014, decided to charge subscribers extra for use of mobile

applications like Skype and Viber (these are also known as

over-the-top services), which created a lot of uproar and the

telco finally stayed its decision. This mind you was over and

above the internet subscription rates already paid by you.

people to give feedback to TRAI. Thousands of mails were

sent to TRAI, to protect net neutrality.

- E-commerce giant Flipkart on April 14, 2015, walked

away from Airtel Zero as it is committed to "the larger cause

of net neutrality".

- Bharti Airtel clarified its position saying there is a

misconception about its Airtel Zero service. It is not a tariff

proposition but an open-marketing platform that allows any

application or content provider to offer its service on a toll-

free basis to customers who are on the Airtel network.

- In March 2015, telecom regulator Telecom Regulatory

Authority of India (TRAI) released a paper inviting

comments from users and companies on how over-the-top

services should be regulated in the country, seeking

stakeholders' suggestions by April 24, 2015, and counter-

arguments by May 8, 2015.

- In April 2015, Bharti Airtel launched Airtel Zero, an open

marketing platform that will allow customers to access

mobile applications at zero data charges.

- Activists campaigning for net neutrality have started a

website called 'Save the Internet', to make it easier for

process. Somewhere in their minds, however, they do feel

and recognize that they are being unfairly forced to accept

discrimination. Yet, they chug along accepting discrimination

as a necessary concomitant of life!

Perfect competition, as articulated in the classical economic

sense, is a non-existent theoretical possibility. Is it really

possible to do business in a non-discriminatory way? Reality

is replete with innumerable instances where favored

treatment, nay discrimination, is a norm than an exception.

The Internet Age has thrown a new class system comprising

Netizens and Citizens. Thanks to the social media, the

Netizens have become a powerful force. And, their collective

bargaining capacity is proving to be an effective trend-

setting tool. The conventional citizens, on the other hand, are

a fragmented voice. The moot point is: Is the Net Neutrality

debate a wholesome articulation of an entire class? Or, is it

just a ventilation of anger by a new rising class?

Reference- The Hindu

DIGGING DEEPER…

Net Neutrality means giving equal treatment to all traffic on

the Net by Internet service providers. Undeniably,

discrimination is an accepted way of our life. There exists a

much larger constituency of incapacitated consumers, who

silently suffer the deliberate denial of neutrality everyday at

common places. Savvy Netizens have a way of articulating

their points of view. And, they use the social media with

sophisticated fineness.

The unsung citizens, however, have remained in the realm of

obscurity, and their voices are often drowned in the

authoritarian assertion — rather imposition — of supremacy

by self-styled rule-setters at assorted places in our own

neighborhood. These poor citizens have neither the tool

(which the Netizens have in the powerful social media) nor

the wherewithal to fight the blatant ‘non-neutrality’ that is

unleashed on them every time they make a buy.

Comprehending the loaded meaning of a sophisticated term

such as ‘neutrality’ may be beyond their simple thought

I AM STERLITE

BEYOND READING

CRUCIAL CONVERSATIONS

37

Meetings are maligned almost as frequently as doctors and

lawyers. Just about all of us have suffered through horrible

meetings that can range from a pure waste of time all the

way to destructive and relationship ending.

And yet, we are social beings. We need to exchange

information, solve problem , and build ideas together. What

DEATH BY MEETING

36

BEYOND READING

I AM STERLITE

BOOK Review

This book review does not feature leadership or

management in the title or table of contents. But

nevertheless the contents of this book can be described

among the most critically important skills any leader or

manager can learn.

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

Stakes Are High by Patterson, Grenny, McMillan, and Switzler.

This is one of the few books that can be recommended to

anyone regardless of career, role, interests, or background.

Lets understand why this is such an important topic. None of

us are born with the knowledge and skill to have meaningful

and productive conversations – especially when the subject

matter is difficult and emotions run high. The dialog skills we

are born with might keep us alive, but they do not help us

thrive, grow close with others, and work together to

accomplish dreams.

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

learn them from people who know them and are able to

transfer that knowledge to others. The even tougher part is

that there just aren't that many of those people around. So

many people live in fear that silences, their voice or causes

them to silence others.

That's where ‘Crucial Conversations’ comes into play. The

book itself defines a crucial conversation as one where

opinions vary, the stakes are high, and emotions run strong.

If we consider any of the meaningful areas in our life –

whether personal or professional, it's easy to see that the

most important parts frequently entail these types of

conversations. If we are interacting with people and we care,

we need these skills.

This book is essentially a how-to manual that helps the

reader diagnose conversations that aren't going well, learn

the reasons why this happens, and, most importantly, learn

the tools of effective dialog. The tools are easily understood

and explained with multiple sample conversations. This is

material that you can't read just once and master. Each tool

takes time to incorporate into our own conversation tool-

belts – it takes practice and reflection.

And this is where this book scores above the others! It

communicates effectively and lucidly.

are we to do? Meetings: can't live with them; can't live

without them!

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

Leadership Fable…About Solving the Most Painful Problem in

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

Team in Lencioni's management and leadership library and

follows a similar format. A brief fable is told about a manager

struggling with meetings and discovering the principles of

making them effective.

As with all of Lencioni's work, the content is very accessible,

easy to grasp, and can be implemented quickly. ‘Death by

Meeting’ can easily be read in one or two sittings.

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

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

soul-sucking, endless, vampiric drags on motivation and

productivity.

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

following a few key principles, meetings can be energizing,

mission-focused, and intensely valuable for everyone in

attendance.

Two of the most valuable concepts in ‘Death by Meeting’ are

the ideas of content and drama. Throughout the book,

Lencioni uses the metaphor of TV to describe meetings.

When it comes to content, most of us make mistake of trying

to combine dissimilar types of content in the same meeting.

For example: imagine watching an epic movie saga

simultaneously with a 60 second sound-bite cable news

show. The dissonance this produces also occurs in poorly

planned meetings.

Lencioni advocates clearly separating different meeting types

by content and purpose. I have personally found this to be a

vital principle in holding effective meetings.

A second important idea in ‘Death by Meeting’ is the need

for drama. Drama doesn't mean needless hand wringing or

conflict. What it does refer to is the need for vigorous

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

any healthy conflict around ideas, the meeting probably

wasn't necessary!

Any new leader or manager, as well as veterans struggling

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

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

glad you did!

This is a magazine full of your initiatives. To make this

magazine more reader friendly, we need your contributions,

suggestions, articles, pictures… the list in endless. The point

being, your contribution in any and every form will be a

welcome addition.

After all YOU are Sterlite.

If you have any feedback on this issue or would like to

contribute to the next edition of I am Sterlite,

write to Swapnil.khapekar@sterlite.com,

auyon.acharya@sterlite.com

WE THANK EACH AND EVERY ONE OF YOU.

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

Aurangabad Diaries: Maitreyee Chitale

Tete-A-Tete: Mahima Kakkar

Technology: Tushar Belwal

First Look: Tarun Kuril

Clicking Passion: Rakesh Shankar, Anup Joshi, Shilpi Gupta, Jitendra Sehgal, Sanjitsingh Bhatia, Chirag Singhal

Theme Conceptualization: Swapnil Khapekar

Editor: Auyon Acharya

ACKNOWLEDGEMENTS