Sterlite Power Secured New Orders Worth Rs 2000 Crore in Q2 FY 2024

Sterlite Power Secured New Orders Worth Rs 2000 Crore in Q2 FY 2024

Sterlite Power has secured a substantial surge in orders for its Global Products and Services (GPS) business during Q2 FY’24. The orders, totaling ~INR 2,000 crores, signify a remarkable increase of INR 700 crores 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.

In the first half of the fiscal year, Sterlite Power has secured a cumulative total of INR 3,300 crores in orders. These orders encompass high-performance, green products like conductors, OPGW, cables and specialized Engineering, Procurement, and Construction (EPC) services, from both domestic and international markets.

Sterlite Power continues to play a pivotal role in India's green grid transformation, securing major orders for prestigious projects like Power Grid Corporation 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 has also witnessed strategic wins for critical infrastructure projects, including metros, data centers, hospitals, and power projects. Notably, Sterlite Power will supply 33kV cables to Phase 2 of Ahmedabad Metro rail and Phase 1 of Surat Metro rail projects, contributing to faster and smoother commutes for millions. 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.

Beyond supplying cutting-edge power products, Sterlite Power's specialized EPC services are addressing network congestion challenges for power utilities. It has secured new orders for the uprate of existing power transmission lines of 132kV and 220kV for Rajasthan and Odisha state power utilities.

Commenting on the achievements, Manish Agarwal, CEO of Global Products & Services business, stated, “We are thrilled to see our range of conductors, OPGW, cables and specialized services making a tangible impact in projects of national and international importance. To achieve the world's and India's net-zero ambitions, providing cutting-edge solutions is vital, and we are committed to doing so.”

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