Sterlite Power secures new orders worth Rs 1,300 cr in Q1 FY ?24

  • Industry News
  • Oct 11,23
The secured new orders came from domestic market and international regions like Americas, European Union, Africa, and Middle East.
Sterlite Power secures new orders worth Rs 1,300 cr in Q1 FY ?24

Sterlite Power, a leading global products and solutions provider has bagged orders worth Rs 1,300 crore across its Global Products & Services business that caters to high performance, green products and specialized Engineering, Procurement and Construction (EPC) services. The new set of orders, won across the domestic and international market in Q1 FY24, builds on the total orderbook of over Rs 5,200 crore, that the business has garnered in the last financial year.

With an increasing focus on integrating renewable energy into the grid, the power sector in India is witnessing a surge in demand for high performance products and specialized EPC services. The Global Products business is leveraging the buoyancy in the sector by securing significant orders in both domestic and international markets. In Q1, it has secured a substantial order to deliver high-performance conductors for Power Grid Corporation of India Ltd (PGCIL)?s Part E Green Energy Corridor Project in Rajasthan that will aid renewable energy evacuation from the region. Through new order acquisitions, the company continues to cement its position in international regions like Americas, European Union, Africa, and Middle East.

In the Power Cables business, the company acquired several strategic orders including delivery of Extra High Voltage (EHV) cables to a solar park in Rajasthan, multiple cable delivery projects for Uttar Pradesh Power Transmission Corporation (UPPTCL) as well as the Nepal Electricity Authority. Amongst other significant wins, the company will supply medium voltage (MV) cables for the expansion of Indian Oil Corporation?s Panipat refinery - one of South Asia's largest integrated petrochemical plants. The company?s specialized EPC arm bagged turnkey orders from UPPTCL for the fiberisation of ~3,400 km of Optical Ground Wire (OPGW) for its 220kV & 132kV lines. It has also been entrusted with an order from PGCIL for uprating the 132kV North-Eastern Corridor with an aim of doubling the potential capacity of the existing corridor. This order is also in addition to the existing portfolio of projects that Sterlite Power is delivering for PGCIL, towards decongesting the critical transmission corridors across the country.

Manish Agarwal, CEO, Global Products & Services, said, ?We are excited about our role in accelerating the global energy transition. Our strong order book is a testament to the confidence that our customers have in our capabilities and expertise. We expect a robust order booking for all our products in Q2 as well.?

Related Stories

Electrical & Electronics
Sterlite Power and GIC collaborate for power transmission platform in India

Sterlite Power and GIC collaborate for power transmission platform in India

The JV platform will be well-positioned to target the new opportunities emerging from the need for over USD 13.0 billion of CAPEX announced by the Government of India

Read more
Electrical & Electronics
Sterlite Power's GPS business surges with Rs 2,000 cr in Q2 FY '24 orders

Sterlite Power's GPS business surges with Rs 2,000 cr in Q2 FY '24 orders

The company has successfully clinched major contracts for key projects, including the 765kV D/c BHADLA III - SIKAR II (Part - 1) for Power Grid Corporation of India Ltd and the supply of OPGW cables..

Read more
Electrical & Electronics
Apraava Energy expands its RE portfolio with 300 MW wind energy project in Karnataka

Apraava Energy expands its RE portfolio with 300 MW wind energy project in Karnataka

The project is part of the 1200 MW auction capacity of Inter-State Transmission System (ISTS)-connected wind power projects (Tranche-XIV) from the Solar Energy Corporation of India (SECI).

Read more

Related Products

Servo Drives, Fully Digital

ELECTRICAL & ELECTRONIC EQUIPMENT

Bristol Industrial Electronics offers optimum quality, fully digital servo drives. 

Read more

Request a Quote

Fluorescent Pigments for Traffic Cone

ELECTRICAL & ELECTRONIC EQUIPMENT

Aron Universal Limited offers a wide range of fluorescent pigments for traffic cone.

Read more

Request a Quote

D C Choke

ELECTRICAL & ELECTRONIC EQUIPMENT

Miracle Electronic Devices Pvt Ltd offers a wide range of D C choke.

Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back