+
Sterlite Power Wins Rs13 Bn orders
POWER & RENEWABLE ENERGY

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.

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.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code