As one of the dominant players in the T&D space, Sterling and Wilson has been using technology to set up a high-voltage XLPE Cable to minimise land requirement and provide quality power in EHV and HV transmission systems. This division, established in 2008, has managed to reach a 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 five years is expected to be almost Rs 2.6 trillion in state, central and private utilities.
Speaking on the development of the business, PK Paine, COO-Transmission and Distribution, Sterling and Wilson, said, For the next financial year, the government has already allocated over Rs 1,000 billion, 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 about Rs 7 billion. In addition to a total market share of T&D of Rs 2,600 billion, we have been successfully working with the government."
One ambition of the government is 'One Nation - One Grid - One Market' - it has been actively focusing on combining all regional and sub-regional power grids for the optimal utilisation of scarce natural resources. Sterling and Wilson realised this opportunity early and has successfully initiated the 400 kV NERSS project, which aims to strengthen 400 kV systems spread across five Northeast states.
Further, the sites of power generation and power consumption are often located far apart.
The company aims to build a bridge between these places and provide substantial power load to construct substation, transmission lines, distribution networks and electrical automation for upcoming metros within the next two to three years