These include new orders worth INR 800 crore in the Overhead Conductor division and orders worth INR 380 crore in the Power Cables division of Sterlite Power.
Nov 15, 2024
Sterlite Power, a leading global power products and solutions business, has secured new orders worth INR 1200 crore across its Global Products and Services (GPS) business in Q2 FY’25.
The overhead conductor business is witnessing remarkable demand in both domestic and international markets. Sterlite has won new orders worth INR 800 crore for high-performance conductors and Optical Ground Wire (OPGW) products. In the domestic segment, the major orders were towards supply of conductors for green energy transmission projects including Angul-Paradeep, Yalwar, and Runija-Indore Transmission Lines. The export segment saw order wins for high-performance green products from the United States of America, the European Union, Africa, and the Middle East.
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The company also received India’s first 144-fiber-count OPGW cable order from a state utility, which reassures client confidence in the company to develop solutions. Export orders for OPGW have been confirmed from regions of Europe and Africa with enormous traction in the domestic market from the Power Grid Corporation of India and state utilities.
The company has also won orders totalling INR 380 crore in Q2 FY’25 covering a mix of medium voltage (MV), high voltage (HV) and extra high voltage (EHV) cables. The major orders were towards supply of cables for state utilities and PSUs.
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With cumulative orders wins reaching INR 2700 crore for H1 FY’25, Sterlite Power continues to solidify its market leadership domestically while expanding its reach globally into new regions. The GPS business of Sterlite Power is focused on high-performance, sustainable products, and specialized Engineering, Procurement, and Construction (EPC) services.