Sterling and WilsonÃ¢â‚¬â„¢s T&D segment targets Rs 30 billion by 2020

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Sterling and WilsonÃ¢â‚¬â„¢s T&D segment targets Rs 30 billion by 2020

Sterling and WilsonÃ¢â‚¬â„¢s T&D segment targets Rs 30 billion by 2020

Industry News
Apr 05,18

Recently, the power ministry has taken forward the initiative of offering all Indians affordable electricity. In order to cut losses occurred during the transmission and distribution processes, it is suggested that new technologies be adopted by the power sector.

Sterling and WilsonÃ¢â‚¬â„¢s T&D segment targets Rs 30 billion by 2020

India has exceeded its energy generation target for the first time ever and is set to become one of the leading exporters of power. Primarily due to the steady rise in electricity demand and development of domestic grids, India is the only major country that is expected to see a significant rise in conventional capacity additions.

As one of the dominant players in the T&D space, Sterling and Wilson has also been using technology to set up a high voltage XLPE cable to minimise land requirement and to provide quality power in EHV/HV transmission system. This division was established in 2008 and has managed to reach the staggering order booking including under execution of close to Rs 15 billion and aims to reach Rs 30 billion by 2020. Investment in the sector over the next 5 years is expected to be almost Rs 2.6 trillion in the state, central and private utilities.

Speaking on the development of the business, P.K Paine, COO – Transmission and Distribution, Sterling and Wilson says “For the next financial year, the government has already allocated more than Rs 1 trillion, which will be shared by power grid, public utilities and private players. Since the commencement of the T&D sector of Sterling and Wilson, the division has had a major turnover of Rs 7 billion approximately. In line with the government efforts, we are foreseeing significant growth and development. In addition to a total market share of T&D is Rs 2.6 trillion, we have been successfully working hand in hand with the Indian government and will continue to see a robust collaboration.’’

One such ambition of the government is 'One Nation - One Grid - One Market'. They have actively been focusing on combining all the regional and sub-regional power grids for the optimal utilisation of scarce natural resources. This aids in transferring the power from resource-centric regions to load centric regions. In this regard, Sterling and Wilson realised this opportunity early and they have successfully initiated a path-breaking project – 400 kV NERSS, which aims at the strengthening of 400 kV systems, spread across five North East states.

The Indian power sector is undergoing a major change as continuous efforts are being made to improve India’s per capita power consumption. The government is focused on plugging the power leakage, which is attracting a huge amount of investments. The place of power generation and power consumption are often located far apart. To ensure a critical contributory role in this sector, Sterling and Wilson aims to build a bridge between these places and provide substantial power load to construct substation, transmission lines, distribution networks and also electrical automation for the upcoming Metros, within the next 2-3 years.