Sterlite Power, a private-sector power transmission developer and global products and services provider, recorded a substantial surge in orders for its Global Products and Services (GPS) business during Q2 FY’24. The orders, totaling INR 2,000 crore, signify an impressive increase of INR 700 crore as compared to Q1 FY24.
“The company’s robust performance reflects the global momentum in the transmission infrastructure components market, fueled by the ongoing wave of energy transition,” stated Sterlite Power.
In the first half of the fiscal year, Sterlite Power secured orders worth INR 3,300 crore. The orders were secured for high-performance, green products like conductors, OPGW, cables and specialized engineering, procurement, and construction (EPC) services, from both domestic and international markets.
Sterlite Power secured major orders for Power Grid Corp. of India Ltd’s 765kV D/c Bhadla III – Sikar II (Part – 1) and OPGW cable supply for Part E transmission project in Rajasthan, supporting the renewable energy evacuation efforts in the western region of the country. Internationally, the company is strengthening its presence in the Americas, Africa, and the Middle East.
The power cables segment also secured significant orders for critical infrastructure projects, including metros, data centers, hospitals, and power projects. Sterlite Power will supply 33kV cables to Phase 2 of Ahmedabad Metro rail and Phase 1 of Surat Metro rail projects. Additionally, the company will provide 132kV cables to the Sawai Mansingh Hospital Expansion Project in Jaipur and 33kV cables to energy-intensive data centers in Bengaluru, ensuring uninterrupted power supply for these vital services.
In EPC business, Sterlite Power has secured new orders for the uprate of existing power transmission lines of 132kV and 220kV for Rajasthan and Odisha state power utilities.
Sterlite Power has a robust portfolio of 33 completed, sold and under construction power transmission projects covering approximately 15,350 circuit Kms of transmission lines across India and Brazil.
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