Sterlite Power Secures Rs 15 bn Orders in Q1, Expanding Global Reach

08 Aug 2024 CW Team

Sterlite Power, a prominent player in the global power solutions sector, achieved significant success by securing orders worth Rs 15 billion in the first quarter of FY25 through its Global Products and Services (GPS) division. This latest acquisition of orders has bolstered the company?s already substantial order book, which was valued at over Rs 65.60 billion at the start of this fiscal year.

The company reported that these orders cover both domestic and international markets, signifying a major advancement in its business expansion and reflecting the dynamic activity in the transmission sector alongside a positive economic outlook in India. Reshu Madan, CEO of Global Products and Services at Sterlite Power, remarked that the new orders across various segments illustrate the realization of their strategic business growth goals and the increasing demand for their products on both domestic and international fronts.

A detailed analysis of the orders shows that demand for the company?s overhead products, such as high-performance conductors and Optical Ground Wire (OPGW), is strong, contributing significantly to growth in both domestic and international markets. The company secured pivotal orders for supplying these conductors, especially for Tariff Based Competitive Bidding (TBCB) transmission projects, thereby reinforcing its market leadership. Additionally, Sterlite Power?s power cable division made notable strides by securing major orders worth Rs 2.50 billion for Medium Voltage (MV) cables as part of the Government of India's disaster management initiative aimed at strengthening power infrastructure in disaster-prone areas.

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