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Sterlite Power achieves INR 1,400 crore orders, fuelling global expansion in clean energy solutions

January 30, 2024 3:21 pm

Sterlite Power achieves INR 1,400 crore orders, fuelling global expansion in clean energy solutions

Diverse orders include conductors, OPGW, and cables, reinforcing commitment to sustainable energy and global transmission networks.

Sterlite Power has sustained its strong performance by securing new orders worth approximately INR 1,400 crores for its Global Products and Services (GPS) business in Q3 FY’24. This brings the total order wins for the first 9 months of FY24 to a robust ~INR 4,700 crores. These orders encompass high-performance power conductors, optical ground wire (OPGW), and power cables from both domestic and export markets. Additionally, the company has received orders for specialised EPC services and turnkey EPC for EHV-HV Cables in the domestic market.

As a pivotal driver of grid decarbonisation, Sterlite Power has capitalised on its position and expertise in conductors to propel clean energy solutions forward. The increasing demand for conductors, both domestically and internationally, underscores the commitment of key stakeholders to achieving net-zero targets and transitioning towards sustainable energy. During Q3, Sterlite Power secured orders to supply conductors and OPGW for esteemed renewable energy evacuation projects. Notable projects include Power Grid Corporation of India Limited’s 765 kV D/c BHADLA III – SIKAR II D/C Line (two packages) and the 400 kV D/c Part A1 & A3, Phase III (20 GW) project from a private client in Rajasthan. Furthermore, the company is bolstering its global presence with significant strategic orders from Latin America and Africa to fortify transmission networks.

The Power Cable segment continues to exhibit a positive outlook propelled by essential infrastructure projects such as renewable power generation, T&D infrastructure expansion, and metro railways. Sterlite Power’s new orders for metro, data center, and power projects reflect the escalating demand for cables across various infrastructure developments. The company will supply 110kV cables to Mumbai Metro, 220kV cables to a critical renewable project in Rajasthan, and cables for energy-intensive data centers in Pune, ensuring uninterrupted power supply for these vital services. Moreover, the company has secured export orders in the subcontinent and clinched EHV cable orders in the domestic market.

Commenting on the new wins, Manish Agarwal, CEO, Global Products & Services business, stated, “We are happy to witness the growing momentum in the supply orders for conductors, OPGW, and power cables. The order wins are indicative of the growing demand for our product offerings in India and export markets. With increased focus on decarbonisation, our range of high-performance conductors, HV and EHV cables, and specialised EPC services for cable transmission continue to make a significant impact in the energy transition journey.”

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