Sterlite Electric Ltd., a prominent member of India’s expansive Sterlite group, plans to enter the public market with an IPO designed to accelerate its domestic manufacturing footprint and further global ambitions—including supply to U.S. utilities and infrastructure projects.

A press release described Sterlite Electric as “the leading products and solutions division of Sterlite,” responsible for manufacturing high-voltage overhead conductors, advanced power cables (HVAC and HVDC), and Optical Ground Wire (OPGW), plus providing master system integration for transmission and distribution networks.

Sterlite Electric stands apart from both the U.S.-based Sterling Electric Inc.—which is solely focused on electric motors and gear reducers—and from other divisions within the greater Sterlite group, such as Sterlite Power Transmission (which develops transmission infrastructure assets, often with BOT models in India and Brazil) and Sterlite Technologies, a fiber-optics leader with a dedicated U.S. factory (STL) supplying the telecom market. The IPO relates directly to Sterlite Electric’s products business, constituting a substantial core segment rather than a small specialty operation.

The company exports regularly to over 70 countries, and noted that substantial order volumes come from U.S. customers seeking advanced grid components and transmission solutions. Its products—ranging from high-capacity AL59 conductors to smart grid optical cabling—have found utility in major American power projects, reinforcing Sterlite Electric’s status as a genuine participant in the U.S. wire and cable market, not just a peripheral global supplier.

Proceeds from the IPO, likely valued at around $180 million, will primarily fund a new power cable factory in Gujarat’s Vadodara and help reduce corporate debt, enhancing the company’s debt-equity position and supporting ambitious expansion plans. Of the 15.6 million shares to be offered, half will be freshly issued, with strong institutional investor interest anticipated. At least 75% of the issue is reserved for qualified institutional buyers, including potential North American investors.