Sterlite Power Wins Rs13 Bn orders

Sterlite Power, a power transmission developer, has announced winning orders valued at Rs 13 billion in the first quarter of the fiscal year 2024. These orders encompass both domestic and international markets, adding to the company's existing order book of over Rs 52 billion from the previous fiscal year. The rising emphasis on integrating renewable energy into India's grid has led to increased demand for high-quality products and specialised Engineering, Procurement, and Construction (EPC) services. Sterlite Power's Global Products division has capitalised on this trend by securing significant orders, both within India and abroad. One noteworthy order includes the supply of high-performance conductors for the Power Grid Corporation of India Ltd (PGCIL) as part of the Green Energy Corridor Project in Rajasthan, aimed at enhancing renewable energy transmission in the region. Additionally, Sterlite Power is expanding its presence in global regions such as the Americas, European Union, Africa, and the Middle East. The company's power cables business has acquired strategic orders, including the delivery of Extra High Voltage (EHV) cables to a solar park in Rajasthan, multiple cable delivery projects for Uttar Pradesh Power Transmission Corporation Limited (UPPTCL), and projects for the Nepal Electricity Authority. Sterlite Power will also supply medium voltage (MV) cables for the expansion of the Indian Oil Corporation's Panipat refinery. Sterlite Power's specialised EPC arm has secured turnkey orders from UPPTCL for the fiberisation of 3,400 km of Optical Ground Wire (OPGW) for its 220kV and 132kV lines. The company has also received an order from PGCIL to enhance the capacity of the 132kV North-Eastern Corridor. Manish Agarwal, CEO of Global Products & Services, expressed confidence in the company's role in accelerating the global energy transition and expects a robust order booking for all its products in Q2.